Is mobility a good proxy for economic activity?

Brian Cepparulo

No 45165, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre

Abstract: This paper documents the relationship between mobility and economic activity, employing a unique longitudinal dataset of transactions to proxy spending at both country and local level in the United Kingdom. I disaggregate online and in-store spending, and employ fixed effects and panel vector autoregression models. In doing so, I demonstrate that retail and recreational mobility is a reliable proxy for in-store spending. Moreover, no correlation is found between online shopping and mobility, suggesting that online shopping does not substitute for in-store spending, even when the latter is legislatively constrained.

Keywords: mobility; economic activity; transactions; Covid-19 JEL: C21; C22; C55; L81; R12 (search for similar items in EconPapers)
Date: 2023-11-20
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https://gala.gre.ac.uk/id/eprint/45165/7/CAPPARULO ... conomic_activity.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:gpe:wpaper:45165

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