COVID-19 pandemic, vaccination and household expenditures: regional evidence from Turkish credit card data

Selcuk Gul, Yavuz Selim Hacihasanoglu, Abdullah Kazdal and Muhammed Hasan Yilmaz

Applied Economics Letters, 2024, vol. 31, issue 11, 988-991

Abstract: The COVID-19 pandemic induced a volatile pattern in household expenditures on a global scale. In this study, we analyse the mitigating effect of vaccination trends on pandemic-related depression in expenditures by exploiting province-level high-frequency credit and debit card data from a large emerging market, Türkiye. The baseline analysis confirms the moderating role of widespread vaccination with respect to consumption tendencies. Our baseline findings are validated by a myriad of robustness checks. Moreover, we show that this effect on pandemic-household expenditures nexus is stronger for provinces with a higher share of services industries in total value-added.

Date: 2024
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DOI: 10.1080/13504851.2022.2161983

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