News-based business sentiment and its properties as an economic index

作者：

Highlights：

• Abundant newspaper articles are utilized to nowcast a business sentiment index.

• The index shows a strong positive correlation with a traditional survey-based one.

• Its properties are studied in comparison with other business conditions indicators.

• The index and its temporal analysis could benefit policymakers and economists.

摘要

•Abundant newspaper articles are utilized to nowcast a business sentiment index.•The index shows a strong positive correlation with a traditional survey-based one.•Its properties are studied in comparison with other business conditions indicators.•The index and its temporal analysis could benefit policymakers and economists.

论文关键词：Business sentiment,Sentiment analysis,Deep learning,Text analytics

论文评审过程：Received 14 June 2021, Revised 18 September 2021, Accepted 12 October 2021, Available online 17 November 2021, Version of Record 17 November 2021.

论文官网地址：https://doi.org/10.1016/j.ipm.2021.102795