Using Neural Networks to Predict Microspatial Economic Growth

A-Tier
Journal: American Economic Review: Insights
Year: 2022
Volume: 4
Issue: 4
Pages: 491-506

Authors (7)

Arman Khachiyan (not in RePEc) Anthony Thomas (not in RePEc) Huye Zhou (not in RePEc) Gordon Hanson (Harvard University) Alex Cloninger (not in RePEc) Tajana Rosing (not in RePEc) Amit K. Khandelwal (Yale University)

Score contribution per author:

0.575 = (α=2.01 / 7 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 R2 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.

Technical Details

RePEc Handle
repec:aea:aerins:v:4:y:2022:i:4:p:491-506
Journal Field
General
Author Count
7
Added to Database
2026-01-25