Tracking the COVID-19 crisis with high-resolution transaction data
| Autor: | José V. Rodríguez Mora, Alvaro Ortiz, Juan Ramón García, Vasco M. Carvalho, Pep Ruiz, Tomasa Rodrigo, Stephen Hansen |
|---|---|
| Přispěvatelé: | Carvalho, Vasco M. [0000-0002-6128-9157], Hansen, Stephen [0000-0002-8376-6292], Apollo - University of Cambridge Repository, Carvalho, Vasco M [0000-0002-6128-9157], Commission of the European Communities, Apollo-University Of Cambridge Repository |
| Rok vydání: | 2021 |
| Předmět: |
Official statistics
Coronavirus disease 2019 (COVID-19) Science media_common.quotation_subject High resolution Research articles 0502 economics and business Econometrics consumption 050207 economics transaction data media_common Consumption (economics) Computer science and artificial intelligence 050208 finance Multidisciplinary national accounts National accounts 05 social sciences 1. No poverty COVID-19 Payment Business Tracking (education) Transaction data |
| Zdroj: | Carvalho, V M, Garcia, J R, Hansen, S, Ortiz, Á, Rodrigo, T, Rodríguez Mora, J V & Ruiz, P 2021, ' Tracking the COVID-19 crisis with high-resolution transaction data ', Royal Society Open Science, vol. 8, no. 8, 210218 . https://doi.org/10.1098/rsos.210218 Carvalho, V M, Garcia, J R, Hansen, S, Ortiz, Á, Rodrigo, T, Rodríguez Mora, J V & Ruiz, P 2021, ' Tracking the COVID-19 crisis with high-resolution transaction data ', Royal Society Open Science, vol. 8, no. 8 . https://doi.org/10.1098/rsos.210218 Royal Society Open Science, Vol 8, Iss 8 (2021) Royal Society Open Science |
| DOI: | 10.1098/rsos.210218 |
| Popis: | Payments systems generate vast amounts of naturally occurring transaction data rarely used for constructing official statistics. We consider billions of transactions from card data from a large bank, Banco Bilbao Vizcaya Argentaria, as an alternative source of information for measuring consumption. We show, via validation against official consumption measures, that transaction data complements national accounts and consumption surveys. We then analyse the impact of COVID-19 in Spain, and document: (i) strong consumption responses to business closures, but smaller effects for capacity restrictions; (ii) a steeper decline in spending in rich neighbourhoods; (iii) higher mobility for residents of lower-income neighbourhoods, correlating with increased disease incidence. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|