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Unraveling the association between socioeconomic diversity and consumer price index in a tourism country
Palgrave Communications Pub Date : 2021-06-28 , DOI: 10.1057/s41599-021-00822-w
Yan Leng , Nakash Ali Babwany , Alex Pentland

Diversity has tremendous value in modern society. Economic theories suggest that cultural and ethnic diversity may contribute to economic development and prosperity. To date, however, the correspondence between diversity measures and the economic indicators, such as the Consumer Price Index, has not been quantified. This is primarily due to the difficulty in obtaining data on the micro behaviors and macroeconomic indicators. In this paper, we explore the relationship between diversity measures extracted from large-scale and high-resolution mobile phone data, and the CPIs in different sectors in a tourism country. Interestingly, we show that diversity measures associate strongly with the general and sectoral CPIs, using phone records in Andorra. Based on these strong predictive relationships, we construct daily, and spatial maps to monitor CPI measures at a high resolution to complement existing CPI measures from the statistical office. The case study on Andorra used in this study contributes to two growing literature: linking diversity with economic outcomes, and macro-economic monitoring with large-scale data. Future study is required to examine the relationship between the two measures in other countries.



中文翻译:

解开旅游国家社会经济多样性与消费者价格指数之间的关联

多样性在现代社会中具有巨大的价值。经济理论表明,文化和种族多样性可能有助于经济发展和繁荣。然而,迄今为止,多样性衡量指标与消费价格指数等经济指标之间的对应关系尚未量化。这主要是由于难以获得微观行为和宏观经济指标的数据。在本文中,我们探讨了从大规模高分辨率手机数据中提取的多样性度量与旅游国家不同部门的 CPI 之间的关系。有趣的是,我们使用安道尔的电话记录表明,多样性衡量标准与一般和部门 CPI 密切相关。基于这些强大的预测关系,我们每天构建,和空间地图,以高分辨率监测 CPI 测量,以补充统计局现有的 CPI 测量。本研究中使用的关于安道尔的案例研究有助于两个不断增长的文献:将多样性与经济成果联系起来,以及使用大规模数据进行宏观经济监测。未来的研究需要检查其他国家这两种措施之间的关系。

更新日期:2021-06-28
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