IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i8p4123-d531776.html
   My bibliography  Save this article

Exploring Strategic Directions of Pandemic Crisis Management: A Text Analysis of World Economic Forum COVID-19 Reports

Author

Listed:
  • Hyundong Nam

    (Graduate School of Governance, Sungkyunkwan University, Seoul 03063, Korea)

  • Taewoo Nam

    (Department of Public Administration, Sungkyunkwan University, Seoul 03063, Korea)

Abstract

This study aims to understand the global environment of COVID-19 management and guide future policy directions after the pandemic crisis. To this end, we analyzed a series of the World Economic Forum’s COVID-19 response reports through text mining and network analysis. These reports, written by experts in diverse fields, discuss multidimensional changes in socioeconomic situations, various problems created by those changes, and strategies to respond to national crises. Based on 3897 refined words drawn from a morphological analysis of 26 reports (as of the end of 2020), this study analyzes the frequency of words, the relationships among words, the importance of specific documents, and the connection centrality through text mining. In addition, the network analysis helps develop strategies for a sustainable response to and the management of national crises through identifying clusters of words with similar structural equivalence.

Suggested Citation

  • Hyundong Nam & Taewoo Nam, 2021. "Exploring Strategic Directions of Pandemic Crisis Management: A Text Analysis of World Economic Forum COVID-19 Reports," Sustainability, MDPI, vol. 13(8), pages 1-19, April.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:8:p:4123-:d:531776
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/8/4123/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/8/4123/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Peter van den Besselaar & Gaston Heimeriks, 2006. "Mapping research topics using word-reference co-occurrences: A method and an exploratory case study," Scientometrics, Springer;Akadémiai Kiadó, vol. 68(3), pages 377-393, September.
    2. João Barreiro & Ruth Lopes & Filipa Ferreira & Rita Brito & Maria João Telhado & José Saldanha Matos & Rafaela Saldanha Matos, 2020. "Assessing Urban Resilience in Complex and Dynamic Systems: The RESCCUE Project Approach in Lisbon Research Site," Sustainability, MDPI, vol. 12(21), pages 1-15, October.
    3. Tsai-Chi Kuo & Ana Maria Pacheco & Aditya Prana Iswara & Denny Dermawan & Gerry Andhikaputra & Lin-Han Chiang Hsieh, 2020. "Sustainable Ambient Environment to Prevent Future Outbreaks: How Ambient Environment Relates to COVID-19 Local Transmission in Lima, Peru," Sustainability, MDPI, vol. 12(21), pages 1-13, November.
    4. A. Jovanović & P. Klimek & O. Renn & R. Schneider & K. Øien & J. Brown & M. DiGennaro & Y. Liu & V. Pfau & M. Jelić & T. Rosen & B. Caillard & S. Chakravarty & P. Chhantyal, 2020. "Assessing resilience of healthcare infrastructure exposed to COVID-19: emerging risks, resilience indicators, interdependencies and international standards," Environment Systems and Decisions, Springer, vol. 40(2), pages 252-286, June.
    5. Selena Aureli & Renato Medei & Enrico Supino & Claudio Travaglini, 2016. "Sustainability Disclosure after a Crisis: A Text Mining Approach," International Journal of Social Ecology and Sustainable Development (IJSESD), IGI Global, vol. 7(1), pages 35-49, January.
    6. Arthi, Vellore & Parman, John, 2021. "Disease, downturns, and wellbeing: Economic history and the long-run impacts of COVID-19," Explorations in Economic History, Elsevier, vol. 79(C).
    7. Aleksander Aristovnik & Dejan Ravšelj & Lan Umek, 2020. "A Bibliometric Analysis of COVID-19 across Science and Social Science Research Landscape," Sustainability, MDPI, vol. 12(21), pages 1-30, November.
    8. Kayser, Victoria & Blind, Knut, 2017. "Extending the knowledge base of foresight: The contribution of text mining," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 208-215.
    9. Lafosse, Roger & ten Berge, Jos M.F., 2006. "A simultaneous CONCOR algorithm for the analysis of two partitioned matrices," Computational Statistics & Data Analysis, Elsevier, vol. 50(10), pages 2529-2535, June.
    10. Israel Griol-Barres & Sergio Milla & Antonio Cebrián & Huaan Fan & Jose Millet, 2020. "Detecting Weak Signals of the Future: A System Implementation Based on Text Mining and Natural Language Processing," Sustainability, MDPI, vol. 12(19), pages 1-22, September.
    11. Tiziana Maiorano & Monia Vagni & Valeria Giostra & Daniela Pajardi, 2020. "COVID-19: Risk Factors and Protective Role of Resilience and Coping Strategies for Emergency Stress and Secondary Trauma in Medical Staff and Emergency Workers—An Online-Based Inquiry," Sustainability, MDPI, vol. 12(21), pages 1-18, October.
    12. John Evans & Neil Allan & Neil Cantle, 2017. "A New Insight into the World Economic Forum Global Risks," Economic Papers, The Economic Society of Australia, vol. 36(2), pages 185-197, June.
    13. Bali Swain, Ranjula & Ranganathan, Shyam, 2021. "Modeling interlinkages between sustainable development goals using network analysis," World Development, Elsevier, vol. 138(C).
    14. Bustikova, Lenka & Siroky, David S. & Alashri, Saud & Alzahrani, Sultan, 2020. "Predicting Partisan Responsiveness: A Probabilistic Text Mining Time-Series Approach," Political Analysis, Cambridge University Press, vol. 28(1), pages 47-64, January.
    15. Zbyslaw Dobrowolski, 2020. "After COVID-19. Reorientation of crisis management in crisis," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 799-810, December.
    16. Thomas Beery, 2020. "What We Can Learn from Environmental and Outdoor Education during COVID-19: A Lesson in Participatory Risk Management," Sustainability, MDPI, vol. 12(21), pages 1-12, October.
    17. Fattori, Michele & Pedrazzi, Giorgio & Turra, Roberta, 2003. "Text mining applied to patent mapping: a practical business case," World Patent Information, Elsevier, vol. 25(4), pages 335-342, December.
    18. Michal Titko & Jozef Ristvej, 2020. "Assessing Importance of Disaster Preparedness Factors for Sustainable Disaster Risk Management: The Case of the Slovak Republic," Sustainability, MDPI, vol. 12(21), pages 1-20, November.
    19. Gómez, Daniel & Figueira, José Rui & Eusébio, Augusto, 2013. "Modeling centrality measures in social network analysis using bi-criteria network flow optimization problems," European Journal of Operational Research, Elsevier, vol. 226(2), pages 354-365.
    20. Benjamin D. Trump & Igor Linkov, 2020. "Risk and resilience in the time of the COVID-19 crisis," Environment Systems and Decisions, Springer, vol. 40(2), pages 171-173, June.
    21. Md. Mokhlesur Rahman & Jean-Claude Thill & Kamal Chandra Paul, 2020. "COVID-19 Pandemic Severity, Lockdown Regimes, and People’s Mobility: Early Evidence from 88 Countries," Sustainability, MDPI, vol. 12(21), pages 1-17, November.
    22. Josef A. Mazanec & Amata Ring, 2011. "Tourism Destination Competitiveness: Second Thoughts on the World Economic Forum Reports," Tourism Economics, , vol. 17(4), pages 725-751, August.
    23. Manuel Castelo Branco & Catarina Delgado & Sónia Ferreira Gomes & Teresa Cristina Pereira Eugénio, 2014. "Factors influencing the assurance of sustainability reports in the context of the economic crisis in Portugal," Managerial Auditing Journal, Emerald Group Publishing, vol. 29(3), pages 237-252, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mohammad Amin Hariri-Ardebili, 2020. "Living in a Multi-Risk Chaotic Condition: Pandemic, Natural Hazards and Complex Emergencies," IJERPH, MDPI, vol. 17(16), pages 1-16, August.
    2. Curci, Ylenia & Mongeau Ospina, Christian A., 2016. "Investigating biofuels through network analysis," Energy Policy, Elsevier, vol. 97(C), pages 60-72.
    3. Maria Polorecka & Jozef Kubas & Pavel Danihelka & Katarina Petrlova & Katarina Repkova Stofkova & Katarina Buganova, 2021. "Use of Software on Modeling Hazardous Substance Release as a Support Tool for Crisis Management," Sustainability, MDPI, vol. 13(1), pages 1-15, January.
    4. Michael Mintrom & Jacqui True, 2022. "COVID-19 as a policy window: policy entrepreneurs responding to violence against women [The pandemic paradox: The consequences of COVID-19 on domestic violence]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(1), pages 143-154.
    5. Cling, Jean-Pierre & Delecourt, Clément, 2022. "Interlinkages between the Sustainable Development Goals," World Development Perspectives, Elsevier, vol. 25(C).
    6. Jialei Jiang & Eun-Mi Park & Seong-Taek Park, 2021. "The Impact of the COVID-19 on Economic Sustainability—A Case Study of Fluctuation in Stock Prices for China and South Korea," Sustainability, MDPI, vol. 13(12), pages 1-17, June.
    7. Garcia-Perez, Alexeis & Cegarra-Navarro, Juan Gabriel & Sallos, Mark Paul & Martinez-Caro, Eva & Chinnaswamy, Anitha, 2023. "Resilience in healthcare systems: Cyber security and digital transformation," Technovation, Elsevier, vol. 121(C).
    8. Peter de Jesús & Pablo Olivos-Jara & Oscar Navarro, 2022. "Place Identity and Traumatic Experiences in the Context of Wildfires," Sustainability, MDPI, vol. 14(18), pages 1-17, September.
    9. Zhenlong Jiang & Yudi Chen & Ting-Yeh Yang & Wenying Ji & Zhijie (Sasha) Dong & Ran Ji, 2023. "Leveraging Machine Learning and Simulation to Advance Disaster Preparedness Assessments through FEMA National Household Survey Data," Sustainability, MDPI, vol. 15(10), pages 1-17, May.
    10. Patrick Velte & Martin Stawinoga, 2017. "Empirical research on corporate social responsibility assurance (CSRA): A literature review," Journal of Business Economics, Springer, vol. 87(8), pages 1017-1066, November.
    11. Altuntas, Serkan & Dereli, Turkay & Kusiak, Andrew, 2015. "Analysis of patent documents with weighted association rules," Technological Forecasting and Social Change, Elsevier, vol. 92(C), pages 249-262.
    12. Miloš Ulman & Pavel Šimek & Jan Masner & Pavel Kogut & Tuula Löytty & Patrick Crehan & Karel Charvát & Antoni Oliva & Stein Runar Bergheim & Milan Kalaš & Denis Kolokol & Tommaso Sabbatini, 2020. "Towards Future Oriented Collaborative Policy Development for Rural Areas and People," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 12(1), March.
    13. Kyriaki Glyptou & Nikos Kalogeras & Dimitrios Skuras & Ioannis Spilanis, 2022. "Clustering Sustainable Destinations: Empirical Evidence from Selected Mediterranean Countries," Sustainability, MDPI, vol. 14(9), pages 1-21, May.
    14. Efraim Hernández-Orozco & Ivonne Lobos-Alva & Mario Cardenas-Vélez & David Purkey & Måns Nilsson & Piedad Martin, 2022. "The application of soft systems thinking in SDG interaction studies: a comparison between SDG interactions at national and subnational levels in Colombia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(6), pages 8930-8964, June.
    15. Paola Manfredi, 2022. "Is This All COVID-19′s Fault? A Study on Trainees in One of the Most Affected Italian Cities," IJERPH, MDPI, vol. 19(20), pages 1-18, October.
    16. Ebadi, Ashkan & Auger, Alain & Gauthier, Yvan, 2022. "Detecting emerging technologies and their evolution using deep learning and weak signal analysis," Journal of Informetrics, Elsevier, vol. 16(4).
    17. Yung-Lun Liu & Pen-Fa Ko & Jui-Te Chiang, 2021. "Developing an Evaluation Model for Monitoring Country-Based Tourism Competitiveness," SAGE Open, , vol. 11(3), pages 21582440211, September.
    18. Kılıç, Merve & Kuzey, Cemil & Uyar, Ali, 2021. "An international investigation on assurance of integrated reports: Institutions, assurance quality, and assurers," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 42(C).
    19. Philip Haynes & David Alemna, 2022. "A Systematic Literature Review of the Impact of Complexity Theory on Applied Economics," Economies, MDPI, vol. 10(8), pages 1-23, August.
    20. Toshiyuki Hasumi & Mei-Shiu Chiu, 2022. "Online mathematics education as bio-eco-techno process: bibliometric analysis using co-authorship and bibliographic coupling," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(8), pages 4631-4654, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:8:p:4123-:d:531776. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.