Learning Economic Indicators by Aggregating Multi-Level Geospatial Information

• URL: http://arxiv.org/abs/2205.01472v1
• Date: Tue, 3 May 2022 13:05:39 GMT
• Title: Learning Economic Indicators by Aggregating Multi-Level Geospatial Information
• Authors: Sungwon Park, Sungwon Han, Donghyun Ahn, Jaeyeon Kim, Jeasurk Yang, Susang Lee, Seunghoon Hong, Jihee Kim, Sangyoon Park, Hyunjoo Yang, Meeyoung Cha
• Abstract summary: This research presents a deep learning model to predict economic indicators via aggregating traits observed from multiple levels of geographical units. Our new multi-level learning model substantially outperforms strong baselines in predicting key indicators such as population, purchasing power, and energy consumption. We discuss the multi-level model's implications for measuring inequality, which is the essential first step in policy and social science research on inequality and poverty.
• Score: 20.0397537179667
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: High-resolution daytime satellite imagery has become a promising source to study economic activities. These images display detailed terrain over large areas and allow zooming into smaller neighborhoods. Existing methods, however, have utilized images only in a single-level geographical unit. This research presents a deep learning model to predict economic indicators via aggregating traits observed from multiple levels of geographical units. The model first measures hyperlocal economy over small communities via ordinal regression. The next step extracts district-level features by summarizing interconnection among hyperlocal economies. In the final step, the model estimates economic indicators of districts via aggregating the hyperlocal and district information. Our new multi-level learning model substantially outperforms strong baselines in predicting key indicators such as population, purchasing power, and energy consumption. The model is also robust against data shortage; the trained features from one country can generalize to other countries when evaluated with data gathered from Malaysia, the Philippines, Thailand, and Vietnam. We discuss the multi-level model's implications for measuring inequality, which is the essential first step in policy and social science research on inequality and poverty.

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