Regional and sectorial impacts of the Covid‐19 crisis: Evidence from electronic payments
| Autor: | Susana Peralta, Bruno P. Carvalho, João Pereira dos Santos |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Covid‐19
2019-20 coronavirus outbreak Portugal Coronavirus disease 2019 (COVID-19) media_common.quotation_subject urban areas Event study sectorial impacts Financial system Environmental Science (miscellaneous) Development Payment Local economy Cash Business transaction data Transaction data Research Articles Tourism Research Article media_common |
| Zdroj: | Journal of Regional Science |
| ISSN: | 1467-9787 0022-4146 |
| DOI: | 10.1111/jors.12575 |
| Popis: | We use novel and comprehensive monthly data on electronic payments, by municipality and sector, together with cash withdrawals, to study the impact of Covid-19 in Portugal. Our difference-in-differences event study identifies a causal decrease of 17 and 40 percentage points on the year-on-year growth rate of overall purchases in March and April 2020. We document a stronger impact of the crisis in more central and more urban municipalities, due to a combination of the sectorial composition effect of the local economy and the sharper confinement behavioral effect in these locations. We discuss the importance of tourism for the results. This article is protected by copyright. All rights reserved. |
| Databáze: | OpenAIRE |
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