Measuring Local Economic Activity Using Pedestrian Count Data

Yonatan Navon and Ashton de Silva

The Economic Record, 2023, vol. 99, issue S1, 35-49

Abstract: Measures of timely local economic activity are elusive. In this study, we explore the extent to which the volume of pedestrians in a central business district may be associated with its economic activity. Both logically and theoretically there is a strong rationale to expect such a relationship. We find that this is supported empirically also. We also briefly consider the extent to which this observed association may be applied to other use cases.

Date: 2023
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https://doi.org/10.1111/1475-4932.12756

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