Regional and sectorial impacts of the Covid-19 crisis: Evidence from electronic payments.
J Reg Sci
; 62(3): 757-798, 2022 Jun.
Article
en En
| MEDLINE
| ID: mdl-34908586
ABSTRACT
We use novel and comprehensive monthly data on electronic payments, by municipality and sector, together with cash withdrawals, to study the impact of Covid-19 in Portugal. Our difference-in-differences event study identifies a causal decrease of 17 and 40 percentage points on the year-on-year growth rate of overall purchases in March and April 2020. We document a stronger impact of the crisis in more central and more urban municipalities, due to a combination of the sectorial composition effect of the local economy and the sharper confinement behavioral effect in these locations. We discuss the importance of tourism for the results.
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01-internacional
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MEDLINE
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En
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J Reg Sci
Año:
2022
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Article