Economics

Unraveling the association between socioeconomic diversity and consumer price index in a tourism country

Y. Leng, N. A. Babwany, et al.

Dive into groundbreaking research by Yan Leng, Nakash Ali Babwany, and Alex Pentland, revealing a strong association between diversity measures from mobile phone data and the Consumer Price Index in Andorra. This study paves the way for creating detailed CPI maps that enhance our understanding of economic trends and diversity's impact.

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Index

Abstract

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

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