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Economic resilience during COVID-19: An insight from permanent business closures

Author

Listed:
  • Wei Zhai

    (26679Hong Kong Baptist University, Hong Kong, Hong Kong)

  • Haoyu Yue

    (7284University of Washington, Seattle, Washington, United States)

Abstract

The rapid spread of COVID-19 has damaged the economy in the United States. To understand the resilience capacities of local businesses, we visualized the spatiotemporal patterns of permanently closed Points of Interest (POIs) after the outbreak of the pandemic. The results show that the counties with more business closures are also the counties with a larger population. The permanent closures of most local businesses occurred immediately after the lift of stay-at-home order. We also found that those business owners, who permanently shut down their businesses, may not open new ones elsewhere. In addition, the permanent closures of entertainment and recreation businesses are significantly less than that of retail and trade businesses and food services.

Suggested Citation

  • Wei Zhai & Haoyu Yue, 2022. "Economic resilience during COVID-19: An insight from permanent business closures," Environment and Planning A, , vol. 54(2), pages 219-221, March.
    • Handle: RePEc:sae:envira:v:54:y:2022:i:2:p:219-221
    DOI: 10.1177/0308518X211055181
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    References listed on IDEAS

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    1. Wei Zhai & Zhong-Ren Peng, 2021. "Where to buy a house in the United States amid COVID-19?," Environment and Planning A, , vol. 53(1), pages 9-11, February.
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