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Nowcasting the Local Economy

Abstract: Can new data sources from online platforms help to measure local economic activity? In this paper, we present evidence that Yelp data can complement government surveys by measuring economic activity in close to real time, at a granular level, and at almost any geographic scale.

Speaker Bio: Hyunjin Kim is a doctoral candidate in the Strategy Unit at Harvard Business School. Her research explores how organizations can improve strategic decision-making and productivity in the digital economy.

 

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