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Economics Faculty Publications

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Full-Text Articles in Social and Behavioral Sciences

National Integration And Institution Building, Haiwen Zhou Jan 2024

National Integration And Institution Building, Haiwen Zhou

Economics Faculty Publications

The mutual dependence between national integration and institution building is established in a formal model. It is shown that a decrease in transportation costs, but not necessarily an increase in population size, reduces the equilibrium number of states and the adoption of rule-based institutions. With endogenous transportation costs or endogenous population size, the unification process can feed on itself. The model is illustrated by the state of Qin's unification of China in 221 BC. During this process of national integration, transformations from relation-based governance to rule-based governance happened.

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Older And Wiser? Relative Age And College Course Failure, P. Wesley Routon, Jay K. Walker Jan 2024

Older And Wiser? Relative Age And College Course Failure, P. Wesley Routon, Jay K. Walker

Economics Faculty Publications

A student's relative age in their schooling cohort has been shown related to several measures of academic and labor market success. Here, we focus on a singular outcome: the probability of college course failure. Even within a sample constrained to students with traditional academic progression and who completed their college degree program, we find evidence relatively younger students were more likely to fail courses. The estimated impact is larger for males, minorities, and those with less academic success before college. Statistical significance remains constant across the parental income distribution. Students within the sample represent over 600 colleges and universities across …

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Assessing Proxies Of Knowledge And Difficultywith Rubric-Based Instruments, Ben O. Smith, Jadrian J. Wooten Sep 2023

Assessing Proxies Of Knowledge And Difficultywith Rubric-Based Instruments, Ben O. Smith, Jadrian J. Wooten

Economics Faculty Publications

The fields of psychometrics, economic education, and education have developed statistically-valid methods of assessing knowledge and learning. These methods include item response theory, value-added learning models, and disaggregated learning. These methods, however, focus on multiple-choice or single response assessments. Faculty and administrators routinely assess knowledge through papers, thesis presentations, or other demonstrations of knowledge assessed with rubric rows. This paper presents a statistical approach to estimating a proxy for student ability and rubric row difficulty. Moreover, we have developed software so that practitioners can more easily apply this method to their instruments. This approach can be used in researching education …

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Export Capacity And Capital Stock Augmentation Through Imports: Evidence From Sub-Saharan African Countries, Catherine Y. Co Apr 2023

Export Capacity And Capital Stock Augmentation Through Imports: Evidence From Sub-Saharan African Countries, Catherine Y. Co

Economics Faculty Publications

This paper investigates the capital goods imports of Sub-Saharan African (SSA) countries from 2002 to 2017. The composition of capital goods imports has become less diverse over time in more than half of the countries studied. Colonial ties no longer determine the sourcing of capital goods as China is now the top source. Trade gravity regressions using the Poisson pseudo-maximum-likelihood estimator show that bilateral exports of non-primary products by SSA countries and their low-income peers are associated with increased net stock of imported general-purpose capital goods. Additionally, there is evidence that the net stock of some types of imported equipment …

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Environmental Regulations And The Environmental Effect Of Fdi, Mingming Pan Jan 2023

Environmental Regulations And The Environmental Effect Of Fdi, Mingming Pan

Economics Faculty Publications

This paper presents the hypothesis that tightening environmental regulation of a country would improve the effect of inward FDI on its environment. Estimations of a sample of 101 countries over the period 2006-2016 confirmed the hypothesis. The results also provide indirect evidence that countries with weak environmental regulations attract polluting FDI and might deter “clean” FDI.

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Using The Lsat As A Labor Market Thermometer For Lawyers, James V. Koch, Barbara Blake-Gonzalez Jan 2023

Using The Lsat As A Labor Market Thermometer For Lawyers, James V. Koch, Barbara Blake-Gonzalez

Economics Faculty Publications

We rely upon a 50-state, 20-year panel to find that the number of Law School Admissions Test (LSAT) takers is only loosely related to economic conditions—although slightly more for men than for women, who in 2020 accounted for 58% of all LSAT takers. The number of test takers rose more than 35% between 2014 and 2020. This wave accentuated an already existing downtrend in the median real income of lawyers, and thus provides support for the hypothesis that most states have more lawyers than they need.

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What Type Of Central Banker Dampens The Political Business Cycle? The Case Of Africa, Christine Strong Jan 2023

What Type Of Central Banker Dampens The Political Business Cycle? The Case Of Africa, Christine Strong

Economics Faculty Publications

This article investigates the extent to which central bank independence can help to reduce political business cycles in Africa. Like previous studies, we find evidence of political cycles in our sample of 34 African countries for the period 1980–2018, but our findings show that politicians' ability to manipulate both fiscal and monetary policy depends on the degree of alliance between the fiscal authority and the monetary authority. Indeed, our analysis reveals that the political business cycle worsens when the central banker is an ally whereas a non‐ally central banker is associated with a decrease in the ability of the incumbent …

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Unification And Division: A Theory Of Institutional Choices In Imperial China, Haiwen Zhou Jan 2023

Unification And Division: A Theory Of Institutional Choices In Imperial China, Haiwen Zhou

Economics Faculty Publications

Ancient China experienced various rounds of division and unification. Unification was maintained through economic and political institutions such as low tax rates to reduce peasant rebellions and the division of authority among government officials to reduce usurpation of power. A ruler’s choice of institutions to maintain unification is studied in a theoretical model. Interactions among external threats, internal rebellions by peasants, and usurpation of power by government officials are established. A higher level of external threats induces the ruler to choose a higher level of autonomy for government officials and a higher tax rate. That is, equilibrium probability of internal …

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Economic Freedom And One-Way Truck Rental Prices: An Empirical Note, Alexander Cardazzi, Robert A. Lawson Jan 2023

Economic Freedom And One-Way Truck Rental Prices: An Empirical Note, Alexander Cardazzi, Robert A. Lawson

Economics Faculty Publications

This study examines the one-way truck rental prices for 378 cities. There are large price differentials in one-way rental prices between city pairs. The pull of people toward higher economic freedom locales and push away from lower economic freedom locales is found to be an important determinant of the city-pair price differentials.

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The Choice Of Technology In Economic Development, Lei Wen, Haiwen Zhou Jan 2023

The Choice Of Technology In Economic Development, Lei Wen, Haiwen Zhou

Economics Faculty Publications

The impact of capital accumulation on job creation is an important and interesting issue in economic development. This model provides a general-equilibrium framework for studying technology choice with unemployment in a developing economy based on micro-foundations. Unemployment in the urban sector results from the existence of efficiency wages. Manufacturing firms engage in oligopolistic competition and choose technologies to maximise profits. A more advanced technology uses more capital and less labour. In the steady state, an increase in the amount of capital induces firms to choose more advanced technologies and the wage rate increases. While a higher capital stock always induces …

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Historically Black Colleges And Universities Are Vital And Valuable To The United States, James V. Koch, Omari H. Swinton Jan 2023

Historically Black Colleges And Universities Are Vital And Valuable To The United States, James V. Koch, Omari H. Swinton

Economics Faculty Publications

Though Historically Black Colleges and Universities (HBCUs) are little recognized, both in the United States and internationally, rigorous empirical analysis reveals that given their circumstances, they typically perform at a high level. This is the first comprehensive empirical analysis that has examined the performance of HBCUs.

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Do Lawyers Inhibit Economic Growth? New Evidence From The 50 U.S. States, James V. Koch, Richard J. Cebula Jan 2023

Do Lawyers Inhibit Economic Growth? New Evidence From The 50 U.S. States, James V. Koch, Richard J. Cebula

Economics Faculty Publications

Whether the activities of lawyers might hamper economic growth has been hotly contested over the past three decades. Contradictory conclusions have flowed from evidence that typically has focused on the impact of lawyers on the growth rates of countries. Disputes over definitions and samples that vary among countries have colored portions of these debates. We surmount many of these issues by adopting a 50-state panel covering the period 2005-2018 for the United States and by utilizing widely accepted variables regarding economic activity and who is considered a lawyer. Further, we utilize two distinct measures of the activity of lawyers and …

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The Personal Saving Rate: Data Revisions And Forecasts, Dean Croushore, Pedro Del Monaco Santos Oct 2022

The Personal Saving Rate: Data Revisions And Forecasts, Dean Croushore, Pedro Del Monaco Santos

Economics Faculty Publications

Revisions to the U.S. personal saving rate are very large and may be predictable. We decompose the revisions of the personal saving rate into those caused by revisions to income and those caused by revisions to household outlays. We use our findings to explore the forecastability of future revisions of the personal saving rate.

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Why Has The Median Real Income Of Lawyers Been Declining?, James V. Koch, Barbara Blake-Gonzalez Jul 2022

Why Has The Median Real Income Of Lawyers Been Declining?, James V. Koch, Barbara Blake-Gonzalez

Economics Faculty Publications

The median real incomes of lawyers have been declining. In 2001, the median real income of lawyers in the 50 states plus the District of Columbia was $129,389 (July 2020 prices). Almost two decades later, in 2020, this number had fallen to $126,930, 1.90% less than in 2001. By contrast, the median real income of workers in all occupations together rose 3.93% between 2001 and 2020, while the median real income of the average family practice physician rose 20.15% and the median real income of a typical economist rose 10.9%. We examine both supply and demand influences to explain the …

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Promoting Sustainable Responses To The Us Opioid Epidemic With Community-Academic Partnerships: Qualitative Outcomes From A Statewide Program, David L. Driscoll, Alison Evans Cuellar, Vinod Agarwal, Debra Jones, Kathy Hosig, Mary Beth Dunkenberger Apr 2022

Promoting Sustainable Responses To The Us Opioid Epidemic With Community-Academic Partnerships: Qualitative Outcomes From A Statewide Program, David L. Driscoll, Alison Evans Cuellar, Vinod Agarwal, Debra Jones, Kathy Hosig, Mary Beth Dunkenberger

Economics Faculty Publications

Background: Drug overdose deaths in the United States have continued to increase at an alarming rate. The United States is facing two devastating public health crises– the opioid epidemic and the COVID-19 pandemic. Within this context, one of the most ambitious implementation studies in addiction research is moving forward. Launched in May 2019, the HEALing Communities Study (HCS) was developed by the National Institutes of Health (NIH) and the Substance Abuse and Mental Health Services Administration (SAMHSA) as part of the Helping to End Addiction Long-termSM Initiative (National Institutes of Health, 2020). The goal for this research was to reduce …

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Introduction To The Political Economy And Feasibility Of Bitcoin And Cryptocurrencies, Spencer J. Pack Jan 2022

Introduction To The Political Economy And Feasibility Of Bitcoin And Cryptocurrencies, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

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Pulling Back The Veil: What Determines Hbcu Campus Enrollments, James V. Koch, Omari H. Swinton Jan 2022

Pulling Back The Veil: What Determines Hbcu Campus Enrollments, James V. Koch, Omari H. Swinton

Economics Faculty Publications

Historically black colleges and universities (HBCUs) are among the least researched sectors of American higher education. This article addresses a portion of this knowledge deficit by focusing on the determinants of the full-time equivalent enrollments of 50 HBCUs between fiscal year FY 2005 and FY 2018 and then comparing them to a broad sample of 182 non-HBCUs. The most noteworthy specific results generated by our analyses are: (1) increased recruitment of white students by HBCUs may not hold the key to HBCU enrollment success; (2) the incomes of the households from which students emanate have a major positive influence on …

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Search, Technology Choice, And Unemployment, Constantine Angyridis, Haiwen Zhou Jan 2022

Search, Technology Choice, And Unemployment, Constantine Angyridis, Haiwen Zhou

Economics Faculty Publications

Technology variations among countries account for a significant part of their income differences. In this paper, a firm's technology choice is embedded in a search theoretic framework for unemployment. More advanced technology is assumed to have a higher setup cost, but it is more productive. The model is tractable and the following results are derived analytically. An increase in the unemployment benefit leads to an increase in the equilibrium wage rate, giving an incentive to firms to choose a more advanced technology. Thus, this result regarding unemployment insurance in models with wage posting carries through with Nash bargaining as well. …

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The Partition Of Production Between Households And Markets, Christopher Colburn, Haiwen Zhou Jan 2022

The Partition Of Production Between Households And Markets, Christopher Colburn, Haiwen Zhou

Economics Faculty Publications

The process of industrialization was accompanied by the switch from household production to firm production. The industrialization process was also a process of population growth, the appearance of general-purpose technologies, and the expansion of international trade. This paper studies the partition of production between households and firms in an analytically tractable general equilibrium model with a continuum of goods. We show that population growth, development of general-purpose technologies, and the opening of international trade increase the percentage of goods produced by firms. However, with the appearance of a technology biased toward home production, the percentage of goods produced by households …

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Inferring Tax Compliance From Pass-Through: Evidence From Airbnb Tax Enforcement Agreements, Andrew J. Bibler, Keith F. Teltser, Mark J. Tremblay Sep 2021

Inferring Tax Compliance From Pass-Through: Evidence From Airbnb Tax Enforcement Agreements, Andrew J. Bibler, Keith F. Teltser, Mark J. Tremblay

Economics Faculty Publications

Tax enforcement is especially costly when market participants are difficult to observe. The benefits of enforcement depend crucially on pre-enforcement compliance. We derive an upper bound on pre-enforcement compliance from the pass-through of newly enforced taxes. Using data on Airbnb listings and the platform’s voluntary collection agreements, we find that taxes are paid on, at most, 24% of Airbnb transactions prior to enforcement. We also find that demand for Airbnb listings is inelastic, driving three key insights: the tax burden falls disproportionately on renters, the excess burden is small, and tax enforcement is relatively ineffective at reducing local Airbnb activity.

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Farmers’ Adoption And Perceived Benefits Of Diversified Crop Rotations In The Margins Of U.S. Corn Belt, Tong Wang, Jin Hailong, Yubing Fan, Oladipo Obembe, Dapeng Li Sep 2021

Farmers’ Adoption And Perceived Benefits Of Diversified Crop Rotations In The Margins Of U.S. Corn Belt, Tong Wang, Jin Hailong, Yubing Fan, Oladipo Obembe, Dapeng Li

Economics Faculty Publications

Monoculture and simplified two-crop rotation systems compromise the ecosystem services essential to crop production, diminish agricultural productivity, and cause detrimental effects on the environment. In contrast to the simplified two-crop rotation, diversified crop rotation (DCR) refers to rotation systems that contain three or more crops. Despite multiple benefits generated by DCR, its usage has dwindled over the past several decades. This paper examined determinants of farmers' adoption decisions and perceived benefits of DCR in the west margins of the U.S. Corn Belt where crop diversity has declined. We analyzed 708 farmer responses from a farmer survey conducted in the eastern …

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Yield And Economic Performance Of Crop Rotation Systems In South Dakota, Hanxiao Feng, Tong Wang, Shannon L. Osborne, Sandeep Kumar Aug 2021

Yield And Economic Performance Of Crop Rotation Systems In South Dakota, Hanxiao Feng, Tong Wang, Shannon L. Osborne, Sandeep Kumar

Economics Faculty Publications

Crop yield and economic profitability, both highly dependent on local crop management, soil characteristics, and weather conditions, are among the most influential factors to consider when considering a cropping system. The objective of this study was to compare the economic returns of three different 4-yr diverse crop rotations with that of a 2-yr traditional crop rotation in eastern South Dakota. The rotations included were (a) corn (Zea mays L.)–soybean [Glycine max (L.) Merr.]–spring wheat (Triticum aestivum L.)–pea (Pisum sativum L.) (CSSwP), (b) corn–pea–winter wheat–soybean (CPWwS), (c) corn–oat (Avena sativa L.)–winter wheat–soybean (COWwS), and (d) corn–soybean …

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On Guessing: An Alternative Adjusted Positive Learning Estimator And Comparing Probability Misspecification With Monte Carlo Simulations, Ben O. Smith, Dustin R. White Jul 2021

On Guessing: An Alternative Adjusted Positive Learning Estimator And Comparing Probability Misspecification With Monte Carlo Simulations, Ben O. Smith, Dustin R. White

Economics Faculty Publications

Practitioners in the sciences have used the “flow” of knowledge (post-test score minus pre-test score) to measure learning in the classroom for the past 50 years. Walstad and Wagner, and Smith and Wagner moved this practice forward by disaggregating the flow of knowledge and accounting for student guessing. These estimates are sensitive to misspecification of the probability of guessing correct. This work provides guidance to practitioners and researchers facing this problem. We introduce a transformed measure of true positive learning that under some knowable conditions performs better when students’ ability to guess correctly is misspecified and converges to Hake’s normalized …

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Chance Elections, Social Distancing Restrictions, And Kentucky's Early Covid-19 Experience, Charles J. Courtemanche, Joseph Garuccio, Anh Le, Joshua C. Pinkston, Aaron Yelowitz Jul 2021

Chance Elections, Social Distancing Restrictions, And Kentucky's Early Covid-19 Experience, Charles J. Courtemanche, Joseph Garuccio, Anh Le, Joshua C. Pinkston, Aaron Yelowitz

Economics Faculty Publications

Early in the pandemic, slowing the spread of novel coronavirus disease 2019 (COVID-19) relied on non-pharmaceutical interventions. All U.S. states adopted social-distancing restrictions in March and April of 2020, though policies varied both in timing and scope. Compared to states with Democratic governors, those with Republican governors often adopted measures for shorter durations and with greater resistance from their residents. In Kentucky, an extremely close gubernatorial election immediately prior to the discovery of SARS-CoV-2 replaced a Republican incumbent with a Democrat, despite Republicans easily winning all other statewide races. This chance election result offers a unique opportunity to examine the …

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Crop Yield And Economics Of Cropping Systems Involving Different Rotations, Tillage, And Cover Crops, J. Singh, T. Wang, S. Kumar, Pete Sexton, J. Davis, A. Bly Jul 2021

Crop Yield And Economics Of Cropping Systems Involving Different Rotations, Tillage, And Cover Crops, J. Singh, T. Wang, S. Kumar, Pete Sexton, J. Davis, A. Bly

Economics Faculty Publications

Diversified cropping systems integrated with winter cover crops (CCs) and no-till (NT) systems can provide substantial soil conservation benefits in the midwestern Corn Belt of the United States, but there is uncertainty on how these practices affect producer profits. This study compared crop yield and economic performance from cropping systems that featured three crop rotations: corn (Zea mays L.)–soybean (Glycine max [L.] Merr.; two-year), corn–soybean–oat (Avena sativa L.; three-year), and corn–soybean–oat–winter wheat (Triticum aestivum L.; four-year); two tillage systems: NT and conventional-till (CT); and two cover cropping managements: CC and no-cover crop. Tillage and rotation treatments …

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Understanding Producers’ Perspectives On Rotational Grazing Benefits Across Us Great Plains, Tong Wang, Hailong Jin, Urs Kreuter, Richard Teague Jun 2021

Understanding Producers’ Perspectives On Rotational Grazing Benefits Across Us Great Plains, Tong Wang, Hailong Jin, Urs Kreuter, Richard Teague

Economics Faculty Publications

Experimental findings on rotational grazing (RG) trials have generally differed from producer observations of RG outcomes on commercial scale ranches. Factors such as small plot size, short duration trials and relatively rigid grazing management that lacks responsiveness to the dynamic and complex social-ecological systems in grazing trials could all contribute to this disparity in outcomes. These differences call for a better understanding of producer perceptions of RG benefits. To fill this knowledge gap, we surveyed 4500 producers from the Northern and Southern Great Plains of the USA. Among the 875 respondents, 40.5% reported that they used continuous grazing (CG), 52.7% …

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Topology Identification In Distribution System Via Machine Learning Algorithms, Peyman Razmi, Mahdi Ghaemi Asl, Giorgio Canarella, Afsaneh Sadat Emami Jun 2021

Topology Identification In Distribution System Via Machine Learning Algorithms, Peyman Razmi, Mahdi Ghaemi Asl, Giorgio Canarella, Afsaneh Sadat Emami

Economics Faculty Publications

This paper contributes to the literature on topology identification (TI) in distribution networks and, in particular, on change detection in switching devices' status. The lack of measurements in distribution networks compared to transmission networks is a notable challenge. In this paper, we propose an approach to topology identification (TI) of distribution systems based on supervised machine learning (SML) algorithms. This methodology is capable of analyzing the feeder's voltage profile without requiring the utilization of sensors or any other extraneous measurement device. We show that machine learning algorithms can track the voltage profile's behavior in each feeder, detect the status of …

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Expanding Grass-Based Agriculture On Marginal Land In The U.S. Great Plains: The Role Of Management Intensive Grazing, Tong Wang, Hailong Jin, Urs Kreuter, Richard Teague May 2021

Expanding Grass-Based Agriculture On Marginal Land In The U.S. Great Plains: The Role Of Management Intensive Grazing, Tong Wang, Hailong Jin, Urs Kreuter, Richard Teague

Economics Faculty Publications

No abstract provided.

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Cover-Crop Usage In South Dakota: Farmer Perceived Profitability And Future Adoption Decisions, Tong Wang, Zheng Xu, Deepthi Kolady, Jessica D. Ulrich-Schad, David Clay May 2021

Cover-Crop Usage In South Dakota: Farmer Perceived Profitability And Future Adoption Decisions, Tong Wang, Zheng Xu, Deepthi Kolady, Jessica D. Ulrich-Schad, David Clay

Economics Faculty Publications

Using bivariate ordered logit models, we investigate factors that determine farmers’ perceptions of cover-crop profitability and likelihood of future usage in the climate transition zone of the Northern Great Plains. Our results indicate that approximately 40% of long-term (10+ years) users perceived a profit increase of more than 5%. Additionally, future adoption decisions are positively affected by environment-oriented attitudes and negatively affected by prioritizing short-term profitability. More efforts can be directed toward educational programs that enhance understanding of the short- versus long-term economic benefits of cover crops.

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Let Them Tweet Cake: Estimating Public Dissent Using Twitter, Ben O. Smith, Ethan Spangler Jan 2021

Let Them Tweet Cake: Estimating Public Dissent Using Twitter, Ben O. Smith, Ethan Spangler

Economics Faculty Publications

This paper establishes a new method of estimating public dissent that is both cost-effective and adaptable. Twitter allows users to post short messages that can be viewed and shared by other users, creating a network of freely and easily observable information. Drawing data directly from Twitter, we collect tweets containing specified words and phrases from citizens voicing dissatisfaction with their government. The collected tweets are processed using a regular expression based algorithm to estimate individual dissent; which is aggregated to an overall measure of public dissent. A comparative case study of Canada and Kenya during the summer of 2016 provides …

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