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Mapping local economic recovery paths using pedestrian counts. A City of Melbourne Case Study

Author

Listed:
  • de Silva, Ashton J
  • Yanotti, Maria
  • Sinclair, Sarah
  • Angelopoulos, Sveta
  • Navon, Yonatan

Abstract

National Economic indicators are important. However, they may portray an incomplete and misleading picture of localised urban economies. In this study, we explore features of the patterns and dynamics of localised economies with a particular focus on examining economic recovery paths from the Covid-19 pandemic. Exploring the definition, identity and measurement of local economies and using the City of Melbourne as a case study, we interrogate the potential use of Pedestrian Counts to indicate current and future economic activity. We illustrate how pedestrian counts are available in real-time at high frequencies and can provide an opportunity to gauge real-time and forecast patterns in local-level economic activity.

Suggested Citation

  • de Silva, Ashton J & Yanotti, Maria & Sinclair, Sarah & Angelopoulos, Sveta & Navon, Yonatan, 2023. "Mapping local economic recovery paths using pedestrian counts. A City of Melbourne Case Study," MPRA Paper 117154, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117154
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    References listed on IDEAS

    as
    1. Alberto Alesina & Dani Rodrik, 1994. "Distributive Politics and Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(2), pages 465-490.
    2. Andrew J. Oswald & Eugenio Proto & Daniel Sgroi, 2015. "Happiness and Productivity," Journal of Labor Economics, University of Chicago Press, vol. 33(4), pages 789-822.
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    More about this item

    Keywords

    Local Economic Activity; Pedestrian Counts; Footfall; COVID-19;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis

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