Working Paper
Nowcasting Economic Activity in Times of COVID-19 : An Approximation from the Google Community Mobility Report
collection.link.5 |
https://openknowledge.worldbank.org/handle/10986/9
| |
collection.name.5 |
Policy Research Working Papers
| |
dc.contributor.author |
Sampi, James
| |
dc.contributor.author |
Jooste, Charl
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dc.date.accessioned |
2020-05-21T18:55:16Z
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dc.date.available |
2020-05-21T18:55:16Z
| |
dc.date.issued |
2020-05
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dc.date.lastModified |
2022-05-29T00:10:19Z
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dc.description.abstract |
This paper proposes a leading indicator,
the "Google Mobility Index," for nowcasting
monthly industrial production growth rates in selected
economies in Latin America and the Caribbean. The index is
constructed using the Google COVID-19 Community Mobility
Report database via a Kalman filter. The Google database is
publicly available starting from February 15, 2020. The
paper uses a backcasting methodology to increase the
historical number of observations and then augments a lag of
one week in the mobility data with other high-frequency data
(air quality) over January 1, 2019 to April 30, 2020.
Finally, mixed data sampling regression is implemented for
nowcasting industrial production growth rates. The Google
Mobility Index is a good predictor of industrial production.
The results suggest a significant decline in output of
between 5 and 7 percent for March and April, respectively,
while indicating a trough in output in mid-April.
| en |
dc.identifier |
http://documents.worldbank.org/curated/en/619261589478136374/Nowcasting-Economic-Activity-in-Times-of-COVID-19-An-Approximation-from-the-Google-Community-Mobility-Report
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dc.identifier.uri |
http://hdl.handle.net/10986/33794
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dc.language |
English
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dc.publisher |
World Bank, Washington, DC
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dc.relation.ispartofseries |
Policy Research Working Paper;No. 9247
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dc.rights |
CC BY 3.0 IGO
| |
dc.rights.holder |
World Bank
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dc.rights.uri |
http://creativecommons.org/licenses/by/3.0/igo
| |
dc.subject |
GOOGLE MOBILITY INDEX
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dc.subject |
CORONAVIRUS
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dc.subject |
INDUSTRIAL PRODUCTION
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dc.subject |
PRODUCTION GROWTH
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dc.subject |
AIR QUALITY MONITORING
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dc.title |
Nowcasting Economic Activity in Times of COVID-19
| en |
dc.title.subtitle |
An Approximation from the Google Community Mobility Report
| en |
dc.type |
Working Paper
| en |
okr.crossref.title |
Nowcasting Economic Activity in Times of COVID-19: An Approximation from the Google Community Mobility Report
| |
okr.date.disclosure |
2020-05-14
| |
okr.doctype |
Publications & Research
| |
okr.doctype |
Publications & Research :: Policy Research Working Paper
| |
okr.docurl |
http://documents.worldbank.org/curated/en/619261589478136374/Nowcasting-Economic-Activity-in-Times-of-COVID-19-An-Approximation-from-the-Google-Community-Mobility-Report
| |
okr.googlescholar.linkpresent |
yes
| |
okr.identifier.doi |
10.1596/1813-9450-9247
| |
okr.identifier.externaldocumentum |
090224b08792829f_1_0
| |
okr.identifier.internaldocumentum |
32036628
| |
okr.identifier.report |
WPS9247
| |
okr.imported |
true
| en |
okr.language.supported |
en
| |
okr.pdfurl |
http://documents.worldbank.org/curated/en/619261589478136374/pdf/Nowcasting-Economic-Activity-in-Times-of-COVID-19-An-Approximation-from-the-Google-Community-Mobility-Report.pdf
| en |
okr.region.administrative |
Latin America & Caribbean
| |
okr.region.geographical |
Caribbean
| |
okr.region.geographical |
Latin America
| |
okr.statistics.combined |
6902
| |
okr.statistics.dr |
619261589478136374
| |
okr.topic |
Industry :: Industrial Economics
| |
okr.topic |
Information and Communication Technologies :: Information Technology
| |
okr.topic |
Macroeconomics and Economic Growth :: Economic Forecasting
| |
okr.topic |
Macroeconomics and Economic Growth :: Economic Growth
| |
okr.unit |
Macroeconomics, Trade and Investment Global Practice
|
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