Satellite-Based Vehicle Flow Data to Assess Local Economic Activities

Eugenia Go, Kentaro Nakajima, Yasuyuki Sawada and Kiyoshi Taniguchi
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Eugenia Go: World Bank

No CIRJE-F-1209, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: Spatially and seasonally granular measures of local economic activities are increasingly required in a variety of economic analyses. We propose using novel vehicle density data obtained from daytime satellite images to quantify the local economic activity involving human and goods traffic flows. Validation exercises show that vehicle density is a good proxy for local economic levels. We then apply our data to evaluate the impact of a new international airport terminal opening in the Philippines on local economies. The results show that the opening of the new terminal has spatially and seasonally heterogeneous impacts that conventional data cannot ca

Pages: 38 pages
Date: 2023-01
New Economics Papers: this item is included in nep-big, nep-geo, nep-sea, nep-tre and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:tky:fseres:2022cf1209

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