Economic resilience during COVID-19: An insight from permanent business closures

Wei Zhai; Haoyu Yue

doi:10.1177/0308518X211055181

Economic resilience during COVID-19: An insight from permanent business closures

Wei Zhai^*, Haoyu Yue

^*Corresponding author for this work

Research output: Contribution to journal › Journal article › peer-review

19 Citations (Scopus)

Abstract

The rapid spread of COVID-19 has damaged the economy in the United States. To understand the resilience capacities of local businesses, we visualized the spatiotemporal patterns of permanently closed Points of Interest (POIs) after the outbreak of the pandemic. The results show that the counties with more business closures are also the counties with a larger population. The permanent closures of most local businesses occurred immediately after the lift of stay-at-home order. We also found that those business owners, who permanently shut down their businesses, may not open new ones elsewhere. In addition, the permanent closures of entertainment and recreation businesses are significantly less than that of retail and trade businesses and food services.

Original language	English
Pages (from-to)	219-221
Number of pages	3
Journal	Environment and Planning A: Economy and Space
Volume	54
Issue number	2
Early online date	19 Oct 2021
DOIs	https://doi.org/10.1177/0308518X211055181
Publication status	Published - Mar 2022

Scopus Subject Areas

Geography, Planning and Development
Environmental Science (miscellaneous)

User-Defined Keywords

COVID-19
economic resilience
permanent business closures
points of interest

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1177/0308518X211055181

Cite this

@article{f1c97bdbf6f8423b91c4b89321f872cc,

title = "Economic resilience during COVID-19: An insight from permanent business closures",

abstract = "The rapid spread of COVID-19 has damaged the economy in the United States. To understand the resilience capacities of local businesses, we visualized the spatiotemporal patterns of permanently closed Points of Interest (POIs) after the outbreak of the pandemic. The results show that the counties with more business closures are also the counties with a larger population. The permanent closures of most local businesses occurred immediately after the lift of stay-at-home order. We also found that those business owners, who permanently shut down their businesses, may not open new ones elsewhere. In addition, the permanent closures of entertainment and recreation businesses are significantly less than that of retail and trade businesses and food services.",

keywords = "COVID-19, economic resilience, permanent business closures, points of interest",

author = "Wei Zhai and Haoyu Yue",

note = "Publisher Copyright: {\textcopyright} The Author(s) 2021.",

year = "2022",

month = mar,

doi = "10.1177/0308518X211055181",

language = "English",

volume = "54",

pages = "219--221",

journal = "Environment and Planning A: Economy and Space",

issn = "0308-518X",

publisher = "SAGE Publications Ltd",

number = "2",

}

TY - JOUR

T1 - Economic resilience during COVID-19

T2 - An insight from permanent business closures

AU - Zhai, Wei

AU - Yue, Haoyu

N1 - Publisher Copyright: © The Author(s) 2021.

PY - 2022/3

Y1 - 2022/3

N2 - The rapid spread of COVID-19 has damaged the economy in the United States. To understand the resilience capacities of local businesses, we visualized the spatiotemporal patterns of permanently closed Points of Interest (POIs) after the outbreak of the pandemic. The results show that the counties with more business closures are also the counties with a larger population. The permanent closures of most local businesses occurred immediately after the lift of stay-at-home order. We also found that those business owners, who permanently shut down their businesses, may not open new ones elsewhere. In addition, the permanent closures of entertainment and recreation businesses are significantly less than that of retail and trade businesses and food services.

AB - The rapid spread of COVID-19 has damaged the economy in the United States. To understand the resilience capacities of local businesses, we visualized the spatiotemporal patterns of permanently closed Points of Interest (POIs) after the outbreak of the pandemic. The results show that the counties with more business closures are also the counties with a larger population. The permanent closures of most local businesses occurred immediately after the lift of stay-at-home order. We also found that those business owners, who permanently shut down their businesses, may not open new ones elsewhere. In addition, the permanent closures of entertainment and recreation businesses are significantly less than that of retail and trade businesses and food services.

KW - COVID-19

KW - economic resilience

KW - permanent business closures

KW - points of interest

UR - http://www.scopus.com/inward/record.url?scp=85117478684&partnerID=8YFLogxK

U2 - 10.1177/0308518X211055181

DO - 10.1177/0308518X211055181

M3 - Journal article

SN - 0308-518X

VL - 54

SP - 219

EP - 221

JO - Environment and Planning A: Economy and Space

JF - Environment and Planning A: Economy and Space

IS - 2

ER -

Economic resilience during COVID-19: An insight from permanent business closures

Abstract

Scopus Subject Areas

User-Defined Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this