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Mobility and economic activity around the world during the Covid-19 crisis

Gamtkitsulashvili, Tea and Plekhanov, Alexander (2023) Mobility and economic activity around the world during the Covid-19 crisis. Applied Economics Letters, 30 (5). 608 - 614. ISSN 1350-4851

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Identification Number: 10.1080/13504851.2021.2001419

Abstract

This paper traces the relationship between quarterly estimates of economic activity and people’s mobility during the Covid-19 crisis in a sample of 53 economies. Over time, the estimates of elasticity of value added with respect to mobility have been declining, to below 0.2 at the start of 2021, attesting to the gradual adjustment of global economic activity to social distancing. Yet this adjustment appears to be modest, with economic recovery driven primarily by greater mobility. The study highlights the limit to the extent to which economic costs of restricted movement of people can be reduced, with implications for public policy. The estimated relationships can also be effectively applied to economic forecasting during periods of reduced mobility.

Item Type: Article
Official URL: https://www.tandfonline.com/journals/rael20
Additional Information: © 2021 Informa UK Limited, trading as Taylor & Francis Group.
Divisions: Geography & Environment
Subjects: R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
H Social Sciences > HC Economic History and Conditions
JEL classification: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C53 - Forecasting and Other Model Applications
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
Date Deposited: 07 Feb 2023 08:42
Last Modified: 15 Apr 2024 18:36
URI: http://eprints.lse.ac.uk/id/eprint/118119

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