Study shows devastating cost of failure to coordinate economic reopenings
Friday, July 31, 2020 - 07:00
in Mathematics & Economics
New, peer-reviewed research published today by the Social Analytics Lab at the MIT Initiative on the Digital Economy in the prestigious Proceedings of the National Academy of Sciences shows the devastating cost of the current chaotic and uncoordinated reopening of states and cities across the US. The study, which used data from mobile phones, network connections through social media and census data, estimates that total welfare is reduced dramatically when reopening is not coordinated among states and regions.