The effects of COVID-19 policies on consumer spending in Norway

IF 1.7 4区经济学 Q2 ECONOMICS

Contemporary Economic Policy Pub Date : 2023-10-13 DOI:10.1111/coep.12627

Fenella Carpena, Laurens Swinkels, Dan Zhang

引用次数: 0

Abstract

We examine the effect of COVID-19 policies on consumer spending using bankcard transactions from Norway. Exploiting variation in COVID-19 policies over time and across space in the four largest municipalities, we investigate the heterogeneity of policy effects in their number and type. First, we document that the number of restrictions is negatively correlated with spending and exhibits decreasing marginal effects. Second, restrictions do not affect all types of spending equally: restrictions tend to have larger impacts on the sector in which they are targeted. Finally, we find suggestive evidence from a difference-in-differences estimation that supports a causal interpretation of our results.

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COVID-19政策对挪威消费者支出的影响

我们研究了COVID-19政策对挪威使用银行卡交易的消费者支出的影响。利用四个最大城市的COVID-19政策随时间和空间的变化，我们调查了政策效果在数量和类型上的异质性。首先，我们证明了限制的数量与支出呈负相关，并表现出边际效应的递减。其次，限制措施对所有类型的支出的影响并不相同:限制措施往往对它们所针对的部门产生更大的影响。最后，我们从差异中的差异估计中找到了暗示性的证据，该证据支持我们的结果的因果解释。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Contemporary Economic Policy Multiple-

CiteScore

3.10

自引率

6.70%

发文量

期刊介绍： Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.