Business closures and (re)openings in real time using Google Places / by Thibaut Duprey, Daniel E. Rigobon, Philip Schnattinger, Artur Kotlicki, Soheil Baharian and T. R. Hurd.: FB3-5/2022-1E-PDF
"We present a new method to measure business opening and closure rates using real-time information from Google Places, the dataset behind the Google Maps service. Our Canadian application confirms the importance of temporary closures and reopenings during the COVID-19 pandemic. Over 50% of the temporarily closed food and retail businesses during the April 2021 lockdown reopened by the end of September. Our estimates align well with the timing of COVID-19 restrictions and are validated by a survey of recently opened businesses. Our framework provides policy-makers with a tool for the timely monitoring of business dynamics"--Abstract, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.906632&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Business closures and (re)openings in real time using Google Places / by Thibaut Duprey, Daniel E. Rigobon, Philip Schnattinger, Artur Kotlicki, Soheil Baharian and T. R. Hurd. |
| Series title | Staff working paper = Document de travail du personnel,1701-9397 ; 2022-1 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: January 5, 2022." Includes bibliographical references (pages 17-18). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2022. ©2022 |
| Author / Contributor | Duprey, Thibaut, author. |
| Description | 1 online resource (ii, 22 pages) : colour graphs. |
| Catalogue number |
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| Subject terms | Business enterprises -- Canada -- Statistics. COVID-19 (Disease) -- Economic aspects -- Canada -- Statistics. Entreprises -- Canada -- Statistiques. COVID-19 -- Aspect économique -- Canada -- Statistiques. |