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Measuring Local Economic Activity Using Pedestrian Count Data

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  • Yonatan Navon
  • Ashton de Silva

Abstract

Measures of timely local economic activity are elusive. In this study, we explore the extent to which the volume of pedestrians in a central business district may be associated with its economic activity. Both logically and theoretically there is a strong rationale to expect such a relationship. We find that this is supported empirically also. We also briefly consider the extent to which this observed association may be applied to other use cases.

Suggested Citation

  • Yonatan Navon & Ashton de Silva, 2023. "Measuring Local Economic Activity Using Pedestrian Count Data," The Economic Record, The Economic Society of Australia, vol. 99(S1), pages 35-49, December.
    • Handle: RePEc:bla:ecorec:v:99:y:2023:i:s1:p:35-49
    DOI: 10.1111/1475-4932.12756
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