Cargando…
Consumption and geographic mobility in pandemic times. Evidence from Mexico
We analyze the universe of point-of-sale (POS) transactions before and during the COVID-19 lockdown in Mexico. We find three key results. First, consumption in Mexico fell by 23 percent in the April-June quarter of 2020 and by 16 percent from April to September of 2020 as compared to expected levels...
Autores principales: | , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer US
2021
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7804216/ https://www.ncbi.nlm.nih.gov/pubmed/33456426 http://dx.doi.org/10.1007/s11150-020-09539-2 |
_version_ | 1783636113107189760 |
---|---|
author | Campos-Vazquez, Raymundo M. Esquivel, Gerardo |
author_facet | Campos-Vazquez, Raymundo M. Esquivel, Gerardo |
author_sort | Campos-Vazquez, Raymundo M. |
collection | PubMed |
description | We analyze the universe of point-of-sale (POS) transactions before and during the COVID-19 lockdown in Mexico. We find three key results. First, consumption in Mexico fell by 23 percent in the April-June quarter of 2020 and by 16 percent from April to September of 2020 as compared to expected levels. Second, reductions in consumption were highly heterogeneous across sectors and states, with states and activities related to tourism the most affected. Third, using variation over time and states, we estimate the elasticity of POS expenditures with respect to geographic mobility (measured using cellphone location data) to be slightly less than 1. This estimate suggests that spending in developing countries may be more responsive to mobility than in developed countries, and that mobility indicators could be used as a real-time proxy for consumption in some economies. |
format | Online Article Text |
id | pubmed-7804216 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Springer US |
record_format | MEDLINE/PubMed |
spelling | pubmed-78042162021-01-13 Consumption and geographic mobility in pandemic times. Evidence from Mexico Campos-Vazquez, Raymundo M. Esquivel, Gerardo Rev Econ Househ Article We analyze the universe of point-of-sale (POS) transactions before and during the COVID-19 lockdown in Mexico. We find three key results. First, consumption in Mexico fell by 23 percent in the April-June quarter of 2020 and by 16 percent from April to September of 2020 as compared to expected levels. Second, reductions in consumption were highly heterogeneous across sectors and states, with states and activities related to tourism the most affected. Third, using variation over time and states, we estimate the elasticity of POS expenditures with respect to geographic mobility (measured using cellphone location data) to be slightly less than 1. This estimate suggests that spending in developing countries may be more responsive to mobility than in developed countries, and that mobility indicators could be used as a real-time proxy for consumption in some economies. Springer US 2021-01-13 2021 /pmc/articles/PMC7804216/ /pubmed/33456426 http://dx.doi.org/10.1007/s11150-020-09539-2 Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC part of Springer Nature 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Article Campos-Vazquez, Raymundo M. Esquivel, Gerardo Consumption and geographic mobility in pandemic times. Evidence from Mexico |
title | Consumption and geographic mobility in pandemic times. Evidence from Mexico |
title_full | Consumption and geographic mobility in pandemic times. Evidence from Mexico |
title_fullStr | Consumption and geographic mobility in pandemic times. Evidence from Mexico |
title_full_unstemmed | Consumption and geographic mobility in pandemic times. Evidence from Mexico |
title_short | Consumption and geographic mobility in pandemic times. Evidence from Mexico |
title_sort | consumption and geographic mobility in pandemic times. evidence from mexico |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7804216/ https://www.ncbi.nlm.nih.gov/pubmed/33456426 http://dx.doi.org/10.1007/s11150-020-09539-2 |
work_keys_str_mv | AT camposvazquezraymundom consumptionandgeographicmobilityinpandemictimesevidencefrommexico AT esquivelgerardo consumptionandgeographicmobilityinpandemictimesevidencefrommexico |