Periodic Reporting for period 1 - MEGEO (Media, Economics and Geopolitics)
Reporting period: 2023-06-01 to 2025-11-30
The project addresses a critical gap in the political economy literature, where existing research on media effects disproportionately focuses on a few countries, limiting the generalizability of findings. MEGEO challenges this narrow focus by exploring how predominantly national media systems interact with global policy challenges, potentially creating frictions that undermine collective action. Its objectives include developing a comprehensive data resource measuring cross-border media representation, characterizing the influence of national media on transnational policy areas, and quantifying the economic and political impacts of skewed foreign media reporting. Leveraging complementary datasets like Eurobarometer and household-level panel studies enables MEGEO to analyze the interplay between media reporting and public opinion at multiple levels. Organized into three work packages, the project will produce a “Topology of Media Focus” across countries, investigate the dynamics of cross-border news dissemination, and assess the role of national media in shaping transnational politics and cross-border economic activity. Through its interdisciplinary approach, MEGEO aims to catalyze research at the intersection of media, economics, and geopolitics, informing both academic inquiry and policy development.
The first application, aligned with work packages 1, 2, and 3, examines global media reporting on natural disasters and its implications for climate change awareness and policy preferences. Focusing on over 135 million news articles, this study highlights systematic biases in cross-border media coverage, with visually striking disasters like earthquakes and wildfires receiving disproportionate attention compared to floods, droughts, and extreme temperatures. This bias, influenced by disaster death tolls and the strength of social ties between countries, impacts public awareness and global solidarity. A second effort focused on harmonizing secondary data sources, particularly Eurobarometer surveys, standardizing questionnaires to enable integration with media data. Complementary research explored how large language models (LLMs) combined with tailored EMM corpora can analyze social and economic phenomena, such as filtering narratives for policy evaluation. A standout example is the project leveraging LLMs to map econometric results into narratives, aiding policymakers in assessing the validity of lobbying efforts. Adjacent work investigated the political expression of academics on social media, linking their latent political dimensions to societal perceptions—a study conditionally accepted by Nature Human Behavior.
Work Package 2 expanded on the PI's prior research in input-output relationships with applications in trade policy, supply chain resilience, and geopolitical risk assessment. Another major strand examined narratives around Brexit, using EMM data to measure the strength of local narratives and their economic impacts. Across all work packages, MEGEO has advanced both the technical capacity and scientific understanding of media’s role in shaping perceptions, policies, and global interconnections, laying the groundwork for impactful outcomes in addressing transnational challenges.
Innovative Use of AI for Content Classification and Analysis
The Social Media Academics project leveraged large language models (LLMs) to analyze the latent political dimensions in online expression at scale.
AI-Generated Production Networks (AIPNET)
AIPNET uses advanced retrieval-augmented generation techniques to map over one million input-output relationships. The dataset has seen broad uptake from policymakers, trade experts, and the private sector. This is a state-of-the-art tool for studying supply chains, geopolitical trade tensions, and global economic resilience.
Event-Level Analysis of Media Coverage on Natural Disasters
By combining media coverage data with event-level characteristics, this study revealed systematic biases in how disasters are reported.
Real-Time Analysis of Economic Shocks
The work with high-frequency linked microdata can support agile policy-making in response to crises, such as the energy price shock.
State Capacity and Informational Boundaries
The Informational Boundaries of the State project introduced a new theoretical framework for understanding how governments’ informational capacities shape their responses to crises.
There are numerous areas for further development, improvement and disemmination given the current geopolitical situation.