Cepparulo, Brian (2023) Is mobility a good proxy for economic activity? [Working Paper]

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Abstract

This paper documents the relationship between mobility and economic activity, employing a unique longitudinal dataset of transactions to proxy spending at both country and local level in the United Kingdom. I disaggregate online and in-store spending, and employ fixed effects and panel vector autoregression models. In doing so, I demonstrate that retail and recreational mobility is a reliable proxy for in-store spending. Moreover, no correlation is found between online shopping and mobility, suggesting that online shopping does not substitute for in-store spending, even when the latter is legislatively constrained.

Item Type:	Working Paper
Uncontrolled Keywords:	mobility; economic activity; transactions; Covid-19 JEL: C21; C22; C55; L81; R12
Subjects:	H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Faculty of Business
Last Modified:	20 Dec 2023 08:52
URI:	http://gala.gre.ac.uk/id/eprint/45165

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