Analyzing the impact of COVID-19 on consumption behaviors through recession and recovery patterns.

ABSTRACT: The COVID-19 outbreak has dramatically impacted the economy, particularly consumption behaviors. Studies on how consumption responses to COVID-19 can be a powerful aid for urban consumption recovery. In this paper, based on a high-frequency consumption dataset from January 6, 2020, to April 28, 2020 covering 18 sectors and dataset from the corresponding lunar period in 2021, we look at how COVID-19 changed how people spent their money by looking at patterns of recession and recovery during the pandemic. Specifically, we first explore the recession-recovery pattern of national consumption and the effects of various policies and quantify it using regression methods. Then, recession-recovery patterns across cities are widely studied. We also reveal how consumption structures change during a p

SUBMITTER: Chen R 

PROVIDER: S-EPMC10798975 | biostudies-literature | 2024 Jan

REPOSITORIES: biostudies-literature