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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Big Data And Inflation Forecasting In Nigeria: A Text Mining Application., M. A. Adebiyi, A. O. Adenuga, T. S. Olusegun, O. O. Mbutor
Big Data And Inflation Forecasting In Nigeria: A Text Mining Application., M. A. Adebiyi, A. O. Adenuga, T. S. Olusegun, O. O. Mbutor
Economic and Financial Review
The success of monetary policy is substantially predicated on the availability of reliable forecast of inflation. However, the shocks arising from COVID-19 and the Russia-Ukraine war have brought about significant economic uncertainties; thus, necessitating the fine-tuning of existing forecasting models of the Central Bank of Nigeria. This study explores the usefulness of public sentiments obtained using machine learning methods to improve the predictive power of the existing short-term inflation forecasting model (STIF) in Nigeria. Findings indicate that, for all components of inflation, models that include the computed sentiment index perform better in both in-sample and out-sample forecasts than those excluding …
The Impact Of Democracy On Economic Growth In South Asia, Rijul Alvan Das, Siddharth --
The Impact Of Democracy On Economic Growth In South Asia, Rijul Alvan Das, Siddharth --
Undergraduate Economic Review
One of the most fundamental themes that combine the disciplines of political science and economics is the role played by democracy in the economic growth of a country. Does democracy accelerate or hinder growth? The literature is divided on this topic with both sides presenting strong empirical and theoretical views. This paper studies this issue in the context of South Asia. Our theoretical framework brings out the key characteristics that are often highlighted in both sides of the intellectual debate. Using econometric methods and tools such as Pooled, Fixed and Random Effects estimates, we aim to study the relationship between …