AEA Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Timely Business Dynamics Using Google Places
AEA Papers and Proceedings
vol. 113,
May 2023
(pp. 135–39)
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.Citation
Duprey, Thibaut, Daniel E. Rigobon, Artur Kotlicki, and Philip Schnattinger. 2023. "Timely Business Dynamics Using Google Places." AEA Papers and Proceedings, 113: 135–39. DOI: 10.1257/pandp.20231050Additional Materials
JEL Classification
- C81 Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- D22 Firm Behavior: Empirical Analysis
- I12 Health Behavior
- J23 Labor Demand
- J63 Labor Turnover; Vacancies; Layoffs
- L81 Retail and Wholesale Trade; e-Commerce
- L83 Sports; Gambling; Restaurants; Recreation; Tourism