Econometrics meet sentiment: an overview of methodology and applications

Andres Algaba, David Ardia, Keven Bluteau, Samuel Borms*, Kris Boudt

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

The advent of massive amounts of textual, audio, and visual data has spurred the development of econometric methodology to transform qualitative sentiment data into quantitative sentiment variables, and to use those variables in an econometric analysis of the relationships between sentiment and other variables. We survey this emerging research field and refer to it as sentometrics, which is a portmanteau of sentiment and econometrics. We provide a synthesis of the relevant methodological approaches, illustrate with empirical results, and discuss useful software.

Original languageEnglish
Pages (from-to)512-547
Number of pages36
JournalJournal of Economic Surveys
Volume34
Issue number3
Early online date21 May 2020
DOIs
Publication statusPublished - 1 Jul 2020

Keywords

  • Qualitative data
  • Sentiment analysis
  • Sentometrics
  • Survey
  • Textual analysis

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