Description

Abstract: We introduce a new real-time method to measure business opening and closure rates by relying on Google Places, the data behind the Google Maps platform. We collect data on establishments of customer-facing industries (food, retail, accommodation) and provide evidence that the opening and closure rates reflect well the temporary closures and re-opening during the pandemic. We find that the operational or closed status of establishments is correlated with business reviews: fewer reviews are associated with impending business exit and more reviews are associated with expanding businesses posting new job vacancies. This repository provides the code to build the equivalent of Figure 1 of the paper.

Data and code for conference paper published in AEA Papers and Proceedings.

Details

Statistics

from
to
Export