Using mobility measures to explain short-run economic performance during COVID-19's first wave

Gover Barja

EconStor Open Access Articles and Book Chapters, 2021, vol. 25, issue 53, 4-20

Abstract: People’s mobility behavior and self-correcting economic forces are shown to be key variables in explaining the observed contraction and recovery of the Bolivian economy during COVID-19’s first wave. ARMAX models are used to explain the growth rate of the monthly index of economic activity in terms of changes in the rate of mobility measures produced by Google. These measures are argued to capture the effect of the complex dynamics of COVID-19 epidemiology and COVID-19 policies on people’s decisions when balancing health risks with inevitable economic sacrifice, thus affecting aggregate economic activity.

Keywords: ARMAX models; COVID-19 policies; Economic activity; Bolivia (search for similar items in EconPapers)
JEL-codes: C22 E32 E71 I18 O54 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:333218

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