This paper explores the relationship between diversity measures extracted from large-scale mobile phone data and the Consumer Price Index (CPI) in Andorra, a tourism-dependent country. The study finds a strong association between diversity measures (based on nationality and income) and general and sectoral CPIs. This relationship allows for the construction of high-resolution daily and spatial CPI maps, complementing existing official statistics. The findings contribute to the literature linking diversity to economic outcomes and macroeconomic monitoring using large-scale data.
Publisher
Humanities and Social Sciences Communications
Published On
Jun 28, 2021
Authors
Yan Leng, Nakash Ali Babwany, Alex Pentland
Tags
diversity measures
mobile phone data
Consumer Price Index
Andorra
economic outcomes
tourism dependency
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