Covid-19 pandemic, vaccination and household expenditures: regional evidence from Turkish credit card data

Selcuk Gul, Yavuz Selim Hacihasanoglu, Abdullah Kazdal, Muhammed Hasan Yilmaz*

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

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    Abstract

    The COVID-19 pandemic induced a volatile pattern in household expenditures on a global scale. In this study, we analyse the mitigating effect of vaccination trends on pandemic-related depression in expenditures by exploiting province-level high-frequency credit and debit card data from a large emerging market, Türkiye. The baseline analysis confirms the moderating role of widespread vaccination with respect to consumption tendencies. Our baseline findings are validated by a myriad of robustness checks. Moreover, we show that this effect on pandemic-household expenditures nexus is stronger for provinces with a higher share of services industries in total value-added.
    Original languageEnglish
    Number of pages4
    JournalApplied Economics Letters
    VolumeLatest Articles
    Early online date28 Dec 2022
    DOIs
    Publication statusE-pub ahead of print - 28 Dec 2022

    Keywords

    • COVID-19 vaccination
    • Household expenditures
    • Credit cards
    • Service industry

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