Mapping local economic recovery paths using pedestrian counts. A City of Melbourne Case Study
Ashton J de Silva,
Maria Yanotti,
Sarah Sinclair,
Sveta Angelopoulos and
Yonatan Navon
MPRA Paper from University Library of Munich, Germany
Abstract:
National Economic indicators are important. However, they may portray an incomplete and misleading picture of localised urban economies. In this study, we explore features of the patterns and dynamics of localised economies with a particular focus on examining economic recovery paths from the Covid-19 pandemic. Exploring the definition, identity and measurement of local economies and using the City of Melbourne as a case study, we interrogate the potential use of Pedestrian Counts to indicate current and future economic activity. We illustrate how pedestrian counts are available in real-time at high frequencies and can provide an opportunity to gauge real-time and forecast patterns in local-level economic activity.
Keywords: Local Economic Activity; Pedestrian Counts; Footfall; COVID-19 (search for similar items in EconPapers)
JEL-codes: R00 R38 R5 (search for similar items in EconPapers)
Date: 2023-04-07
New Economics Papers: this item is included in nep-des, nep-tre and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117154
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