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Title: Using Neural Networks to Predict Microspatial Economic Growth
We apply deep learning to daytime satellite imagery to predict changes in income and population at high spatial resolution in US data. For grid cells with lateral dimensions of 1.2 km and 2.4 km (where the average US county has dimension of 51.9 km), our model predictions achieve R 2 values of 0.85 to 0.91 in levels, which far exceed the accuracy of existing models, and 0.32 to 0.46 in decadal changes, which have no counterpart in the literature and are 3–4 times larger than for commonly used nighttime lights. Our network has wide application for analyzing localized shocks. (JEL C45, R11, R23)  more » « less
Award ID(s):
2012266
PAR ID:
10426962
Author(s) / Creator(s):
; ; ; ; ; ;
Date Published:
Journal Name:
American Economic Review: Insights
Volume:
4
Issue:
4
ISSN:
2640-205X
Page Range / eLocation ID:
491 to 506
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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