IDEAS home Printed from https://ideas.repec.org/p/bdm/wpaper/2022-18.html
   My bibliography  Save this paper

Sentiment Indexes and Economic Activity Indicators in Mexico 2016-2021

Author

Listed:
  • Torre Leonardo
  • González Eva
  • Casillas Ramón
  • Alvarado Jorge

Abstract

This paper uses, for the first time, information in text format from 9,802 interviews performed between January 2016 and January 2021 from the Programa Trimestral de Entrevistas a Directivos, employed to elaborate Banco de Mexico's Regional Economic Report, to estimate regional and national sentiment indexes. These indexes are next associated with different "soft" and "hard" data of economic activity. The results show positive and statistically significant correlations between both types of indicators, mainly at the national level, suggesting that data in text format contained in the Programa Trimestral de Entrevistas a Directivos can be useful to complement the information provided by traditional indicators of economic activity.

Suggested Citation

  • Torre Leonardo & González Eva & Casillas Ramón & Alvarado Jorge, 2022. "Sentiment Indexes and Economic Activity Indicators in Mexico 2016-2021," Working Papers 2022-18, Banco de México.
    • Handle: RePEc:bdm:wpaper:2022-18
    as

    Download full text from publisher

    File URL: https://www.banxico.org.mx/publicaciones-y-prensa/documentos-de-investigacion-del-banco-de-mexico/%7B6809C604-904E-8EBE-E563-7CDA162C38AB%7D.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Sentiment Analysis; Regional Analysis; Mexico;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:bdm:wpaper:2022-18. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Subgerencia de desarrollo de sistemas (email available below). General contact details of provider: https://edirc.repec.org/data/bangvmx.html .

    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.