Paul Hofmarcher, Jan Vavra, Sourav Adhikari, Bettina Grün
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Revisiting Group Differences in High-Dimensional Choices: Method and Application to Congressional Speech
Gentzkow, Shapiro, and Taddy, Econometrica 87, no. 4, 2019 (henceforth GST), use a supervised text-based regression model to assess changes in partisanship in US congressional speech over time. Their estimates imply that partisanship is far greater in recent years than in the past and that it increased sharply in the early 1990s. The paper at hand provides a replication in the wide sense of GST by complementing their analysis in three ways. First, we propose an alternative unsupervised language model, which combines ideas of topic models and ideal point models, to analyze the change in partisanship over time. We apply this model to the Senate speech data used in GST ranging from 1981 to 2017. Using our model, we replicate their results on the specific evolution of partisanship. Second, our model provides additional insights such as the data-driven estimation of evolvement of topical contents over time. Third, we identify key phrases of partisanship on topic level.
期刊介绍:
The Journal of Applied Econometrics is an international journal published bi-monthly, plus 1 additional issue (total 7 issues). It aims to publish articles of high quality dealing with the application of existing as well as new econometric techniques to a wide variety of problems in economics and related subjects, covering topics in measurement, estimation, testing, forecasting, and policy analysis. The emphasis is on the careful and rigorous application of econometric techniques and the appropriate interpretation of the results. The economic content of the articles is stressed. A special feature of the Journal is its emphasis on the replicability of results by other researchers. To achieve this aim, authors are expected to make available a complete set of the data used as well as any specialised computer programs employed through a readily accessible medium, preferably in a machine-readable form. The use of microcomputers in applied research and transferability of data is emphasised. The Journal also features occasional sections of short papers re-evaluating previously published papers. The intention of the Journal of Applied Econometrics is to provide an outlet for innovative, quantitative research in economics which cuts across areas of specialisation, involves transferable techniques, and is easily replicable by other researchers. Contributions that introduce statistical methods that are applicable to a variety of economic problems are actively encouraged. The Journal also aims to publish review and survey articles that make recent developments in the field of theoretical and applied econometrics more readily accessible to applied economists in general.