Business Closures and (Re)Openings in Real-Time Using Google Places: Proof of Concept

被引：6
|
作者：
Rigobon, Daniel E. [1 ]
Duprey, Thibaut [2 ]
Kotlicki, Artur [3 ]
Schnattinger, Philip [3 ]
Baharian, Soheil [2 ]
Hurd, Thomas R. [4 ]
机构：
[1] Princeton Univ, Operat Res & Financial Engn ORFE, Princeton, NJ 08540 USA
[2] Bank Canada, Ottawa, ON K1A 0G9, Canada
[3] Bank England, London EC2R 8AH, England
[4] McMaster Univ, Dept Math & Stat, Hamilton, ON L8S 4K1, Canada
来源：
JOURNAL OF RISK AND FINANCIAL MANAGEMENT | 2022年 / 15卷 / 04期
关键词：
business entry rate; business exit rate; Google Places; real-time; small and medium enterprises;
D O I：
10.3390/jrfm15040183
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We present a new estimation of business opening and closure rates using data from Google Places-the data set behind the Google Maps service. Our algorithm, through a bisection routine, counts the appearance and disappearance of "pins" that represent unique businesses. As a proof of concept, we compute business opening and closure rates for the city of Ottawa during the reopening phase of the COVID-19 pandemic in mid-2021. The lifting of restrictions coincides with a wave of re-entry of temporarily closed businesses, suggesting that government support may have facilitated the survival of hibernating businesses. Our entry estimates are validated by a survey of new businesses. This methodology allows policymakers to monitor business dynamics in quasi-real-time during rapidly unfolding crises.
引用
收藏
页数：10
相关论文
共 50 条
  • [21] Real-Time Monitoring of Breath Biomarkers with A Magnetoelastic Contactless Gas Sensor: A Proof of Concept
    Pena, Alvaro
    Diego Aguilera, Juan
    Matatagui, Daniel
    de la Presa, Patricia
    Horrillo, Carmen
    Hernando, Antonio
    Marin, Pilar
    BIOSENSORS-BASEL, 2022, 12 (10):
  • [22] Real-time Billing as a Service - A standard-based proof-of-concept implementation
    Flake, Stephan
    Tacken, Juergen
    Zoth, Carsten
    2014 IEEE EMERGING TECHNOLOGY AND FACTORY AUTOMATION (ETFA), 2014,
  • [23] Real-Time Prediction of Acute Kidney Injury in Hospitalized Adults: Implementation and Proof of Concept
    Ugwuowo, Ugochukwu
    Yamamoto, Yu
    Arora, Tanima
    Saran, Ishan
    Partridge, Caitlin
    Biswas, Aditya
    Martin, Melissa
    Moledina, Dennis G.
    Greenberg, Jason H.
    Simonov, Michael
    Mansour, Sherry G.
    Testani, Jeffrey M.
    Rao, Veena
    Rentfro, Keith
    Obeid, Wassim
    Parikh, Chirag R.
    Wilson, F. Perry
    AMERICAN JOURNAL OF KIDNEY DISEASES, 2020, 76 (06) : 806 - +
  • [24] Proof of Concept of a Real-time fMRI Pipeline within an Incarcerated Cocaine Abusing Population
    Shane, Matthew S.
    Posse, Stefan
    Ackley, Elena
    Kiehl, Kent A.
    BIOLOGICAL PSYCHIATRY, 2011, 69 (09) : 279S - 279S
  • [25] Real-Time Application of Travelling Salesman Problem Using Google Maps API
    Erol, Mehmet Hamza
    Bulut, Faruk
    2017 ELECTRIC ELECTRONICS, COMPUTER SCIENCE, BIOMEDICAL ENGINEERINGS' MEETING (EBBT), 2017,
  • [26] Real-Time Tracking Management System Using GPS, GPRS and Google Earth
    Chadil, Noppadol
    Russameesawang, Apirak
    Keeratiwintakorn, Phongsak
    ECTI-CON 2008: PROCEEDINGS OF THE 2008 5TH INTERNATIONAL CONFERENCE ON ELECTRICAL ENGINEERING/ELECTRONICS, COMPUTER, TELECOMMUNICATIONS AND INFORMATION TECHNOLOGY, VOLS 1 AND 2, 2008, : 393 - 396
  • [27] USING REAL-TIME KNOWLEDGE SYSTEMS AT THE BUSINESS AND MANAGEMENT LEVELS
    OWEN, K
    PARKER, G
    ISA TRANSACTIONS, 1992, 31 (02) : 27 - 35
  • [28] Proof assistance for real-time systems using an interactive theorem prover
    Kolano, PZ
    THEORETICAL COMPUTER SCIENCE, 2002, 282 (01) : 53 - 99
  • [29] The ON-TIME real-time railway traffic management framework: A proof-of-concept using a scalable standardised data communication architecture
    Quaglietta, Egidio
    Pellegrini, Paola
    Goverde, Rob M. P.
    Albrecht, Thomas
    Jaekel, Birgit
    Marliere, Gregory
    Rodriguez, Joaquin
    Dollevoet, Twan
    Ambrogio, Bruno
    Carcasole, Daniele
    Giaroli, Marco
    Nicholson, Gemma
    TRANSPORTATION RESEARCH PART C-EMERGING TECHNOLOGIES, 2016, 63 : 23 - 50
  • [30] Modulating the interhemispheric activity balance in the intraparietal sulcus using real-time fMRI neurofeedback: Development and proof-of-concept
    Wang, Tianlu
    Peeters, Ronald
    Mantini, Dante
    Gillebert, Celine R.
    NEUROIMAGE-CLINICAL, 2020, 28
12345