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

28 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

UN SDGs

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

SDG 3 Good Health and Well-being

User-Defined Keywords

COVID-19
economic resilience
permanent business closures
points of interest

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10.1177/0308518X211055181

Cite this

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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.",

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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.

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KW - economic resilience

KW - permanent business closures

KW - points of interest

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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

UN SDGs

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