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Timely Business Dynamics Using Google Places

Author

Listed:
  • Thibaut Duprey
  • Daniel E. Rigobon
  • Artur Kotlicki
  • Philip Schnattinger

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 reopening 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.

Suggested Citation

  • Thibaut Duprey & Daniel E. Rigobon & Artur Kotlicki & Philip Schnattinger, 2023. "Timely Business Dynamics Using Google Places," AEA Papers and Proceedings, American Economic Association, vol. 113, pages 135-139, May.
    • Handle: RePEc:aea:apandp:v:113:y:2023:p:135-39
    DOI: 10.1257/pandp.20231050
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    More about this item

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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