Timely Business Dynamics Using Google Places

Thibaut Duprey, Daniel E. Rigobon, Artur Kotlicki and Philip Schnattinger

AEA Papers and Proceedings, 2023, vol. 113, 135-39

Abstract: We introduce a new real-time method to measure business opening and closure rates by relying on Google Places, the data behind the Google Maps platform. We collect data on establishments of customer-facing industries (food, retail, accommodation) and provide evidence that the opening and closure rates reflect well the temporary closures and reopening during the pandemic. We find that the operational or closed status of establishments is correlated with business reviews: fewer reviews are associated with impending business exit, and more reviews are associated with expanding businesses posting new job vacancies.

JEL-codes: C81 D22 I12 J23 J63 L81 L83 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1257/pandp.20231050

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