Twitter Sentiment Geographical Index Dataset.

Promoting well-being is one of the key targets of the Sustainable Development Goals at the United Nations. Many national and city governments worldwide are incorporating Subjective Well-Being (SWB) indicators into their agenda, to complement traditional objective development and economic metrics. In this study, we introduce the Twitter Sentiment Geographical Index (TSGI), a location-specific expressed sentiment database with SWB implications, derived through deep-learning-based natural language processing techniques applied to 4.3 billion geotagged tweets worldwide since 2019. Our open-source TSGI database represents the most extensive Twitter sentiment resource to date, encompassing multilingual sentiment measurements across 164 countries at the admin-2 (county/city) level and daily frequency. Based on the TSGI database, we have created a web platform allowing researchers to access the sentiment indices of selected regions in the given time period.

Measuring daily-life fear perception change: A computational study in the context of COVID-19.

COVID-19, as a global health crisis, has triggered the fear emotion with unprecedented intensity. Besides the fear of getting infected, the outbreak of COVID-19 also created significant disruptions in people's daily life and thus evoked intensive psychological responses indirect to COVID-19 infections. In this study, we construct a panel expressed fear database tracking the universe of social media posts (16 million) generated by 536 thousand individuals between January 1st, 2019 and August 31st, 2020 in China. We employ deep learning techniques to detect expressions of fear emotion within each post, and then apply topic model to extract the major topics of fear expressions in our sample during the COVID-19 pandemic. Our unique database includes a comprehensive list of topics, not being limited to post centering around COVID-19. Based on this database, we find that sleep disorders ("nightmare" and "insomnia") take up the largest share of fear-labeled posts in the pre-pandemic period (January 2019-December 2019), and significantly increase during the COVID-19. We identify health and work-related concerns are the two major sources of non-COVID fear during the pandemic period. We also detect gender differences, with females having higher fear towards health topics and males towards monetary concerns. Our research shows how applying fear detection and topic modeling techniques on posts unrelated to COVID-19 can provide additional policy value in discerning broader societal concerns during this COVID-19 crisis.

Global evidence of expressed sentiment alterations during the COVID-19 pandemic.

The COVID-19 pandemic has created unprecedented burdens on people's physical health and subjective well-being. While countries worldwide have developed platforms to track the evolution of COVID-19 infections and deaths, frequent global measurements of affective states to gauge the emotional impacts of pandemic and related policy interventions remain scarce. Using 654 million geotagged social media posts in over 100 countries, covering 74% of world population, coupled with state-of-the-art natural language processing techniques, we develop a global dataset of expressed sentiment indices to track national- and subnational-level affective states on a daily basis. We present two motivating applications using data from the first wave of COVID-19 (from 1 January to 31 May 2020). First, using regression discontinuity design, we provide consistent evidence that COVID-19 outbreaks caused steep declines in expressed sentiment globally, followed by asymmetric, slower recoveries. Second, applying synthetic control methods, we find moderate to no effects of lockdown policies on expressed sentiment, with large heterogeneity across countries. This study shows how social media data, when coupled with machine learning techniques, can provide real-time measurements of affective states.

Encouraging the resumption of economic activity after COVID-19: Evidence from a large scale-field experiment in China.

As the COVID-19 pandemic comes to an end, governments find themselves facing a new challenge: motivating citizens to resume economic activity. What is an effective way to do so? We investigate this question using a field experiment in the city of Zhengzhou, China, immediately following the end of the city's COVID-19 lockdown. We assessed the effect of a descriptive norms intervention providing information about the proportion of participants' neighbors who have resumed economic activity. We find that informing individuals about their neighbors' plans to visit restaurants increases the fraction of participants visiting restaurants by 12 percentage points (37%), among those participants who underestimated the proportion of neighbors who resumed economic activity. Those who overestimated did not respond by reducing restaurant attendance (the intervention yielded no "boomerang" effect); thus, our descriptive norms intervention yielded a net positive effect. We explore the moderating role of risk preferences and the effect of the intervention on subjects' perceived risk of going to restaurants, as well as the contrast with an intervention for parks, which were already perceived as safe. All of these analyses suggest our intervention worked by reducing the perceived risk of going to restaurants.

Threshold effect of government subsidy, corporate social responsibility and brand value using the data of China's top 500 most valuable brands.

An increasing number of firms have begun to attach importance to corporate social responsibility (CSR) to obtain sustainable strategic advantages in the competitive market. On the basis of nonlinear perspective, panel data of A-share listed companies in the ranking list of China's Top 500 Most Valuable Brands in 2012-2018 and Hansen panel threshold regression technology were adopted. With government subsidy and CSR being threshold variables, the internal mechanism about the influence of government subsidy and CSR on brand value was explored. Results show that the following. (1) CSR has a significantly inverted U-type threshold effect on brand value. (2) Government subsidy facilitates CSR with diminishing marginal utility. (3) When a difference exists in the strength of government subsidy, the influence of CSR on brand value presents a significant N-type law. Furthermore, threshold regression method was used to innovatively explore the complex nonlinear relationship among government subsidy, CSR, and brand value. This relationship has a significantly practical significance for listed firms for weighing the business decisions regarding the input of CSR and brand value, as well as subsidy policies for enterprises by the government.