Unraveling the association between socioeconomic diversity and consumer price index in a tourism country
Bibliographic Data
| ID | 22232143 |
|---|---|
| Authors | Yan Leng (0000-0002-1572-4656, The University of Texas at Austin, corresponding author), Nakash Ali Babwany, Alex Pentland (0000-0002-8053-9983, Human Media) |
| Year | 2021 |
| Volume | 8 |
| Issue | 1 |
| Publication date | 2021-06-28 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Humanities and Social Sciences Communications (JOURNAL) |
| Journal identifiers | ISSN: 2662-9992 • E-ISSN: 2662-9992 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1057/s41599-021-00822-w |
| OpenAlex | W3177225230 |
| Language | EN |
| Citations received | 2 |
| References cited | 32 |
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
Cartography · Economic geography · Economic growth · Economics · Geography · Mobile phone · Political science · Population · Prosperity · Regional science · Socioeconomic status · Sociology · Tourism · Computer Science · Consumer Market Behavior and Pricing · Demography · Diverse Aspects of Tourism Research · Regional Economics and Spatial Analysis
Quantifying the Impact of Human Mobility on Malaria
Nowcasting
Mobile phone data for informing public health actions across the Covid-19 pandemic life cycle
The preeminence of ethnic diversity in scientific collaboration
Combining satellite imagery and machine learning to predict poverty
Ethnic Diversity and Economic Performance
A general framework for analysing diversity in science, technology and society
Participation in Heterogeneous Communities
The economic value of cultural diversity
Ethnic diversity and economic development
The Economics of Information
Does Diversity Pay
The Billion Prices Project
Data ex Machina
| Unique citing works | 2 |
|---|---|
| Citations per year | 1 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |