Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach

Doctorat internacional

Detalles Bibliográficos
Autor: Blanco Arroyo, Omar
Tipo de recurso: tesis doctoral
Estado:Versión publicada
Fecha de publicación:2022
País:España
Institución:CBUC, CESCA
Repositorio:TDR. Tesis Doctorales en Red
OAI Identifier:oai:www.tdx.cat:10803/674048
Acceso en línea:http://hdl.handle.net/10803/674048
http://dx.doi.org/10.6035/14102.2022.369361
Access Level:acceso abierto
Palabra clave:Business cycle
Granular residual
Firm-level shocks
Large firms
Negocis, administració i dret
33
334
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spelling Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based ApproachBlanco Arroyo, OmarBusiness cycleGranular residualFirm-level shocksLarge firmsNegocis, administració i dret33334Doctorat internacionalThis thesis aims to quantify the granular size of an economy, i.e., the number of granular firms. Empirically, we find that the contribution of idiosyncratic shocks to gross domestic product (GDP) fluctuations is attributed to a very small number of large firms. From a certain number of firms onwards the additional contribution plateaus. Theoretically, we find that this behavior can be explained by the share of economic activity commanded by the largest firm, the volatility of the largest firm with respect to GDP volatility and two summary statistics for large firm dynamics: the tail index of firm size distribution and the size-volatility elasticity. Finally, we use an agent-based model to study in detail how this behavior emerges.Programa de Doctorat en Economia i EmpresaUniversitat Jaume IAlfarano, SimoneTedeschi, GabrieleUniversitat Jaume I. Escola de Doctorat202220232022info:eu-repo/semantics/doctoralThesisinfo:eu-repo/semantics/publishedVersion121 p.application/pdfapplication/pdfhttp://hdl.handle.net/10803/674048http://dx.doi.org/10.6035/14102.2022.369361TDX (Tesis Doctorals en Xarxa)reponame:TDR. Tesis Doctorales en Redinstname:CBUC, CESCAInglésL'accés als continguts d'aquesta tesi queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-sa/4.0/http://creativecommons.org/licenses/by-sa/4.0/info:eu-repo/semantics/openAccessoai:www.tdx.cat:10803/6740482026-06-14T12:46:07Z
dc.title.none.fl_str_mv Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
title Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
spellingShingle Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
Blanco Arroyo, Omar
Business cycle
Granular residual
Firm-level shocks
Large firms
Negocis, administració i dret
33
334
title_short Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
title_full Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
title_fullStr Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
title_full_unstemmed Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
title_sort Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
dc.creator.none.fl_str_mv Blanco Arroyo, Omar
author Blanco Arroyo, Omar
author_facet Blanco Arroyo, Omar
author_role author
dc.contributor.none.fl_str_mv Alfarano, Simone
Tedeschi, Gabriele
Universitat Jaume I. Escola de Doctorat
dc.subject.none.fl_str_mv Business cycle
Granular residual
Firm-level shocks
Large firms
Negocis, administració i dret
33
334
topic Business cycle
Granular residual
Firm-level shocks
Large firms
Negocis, administració i dret
33
334
description Doctorat internacional
publishDate 2022
dc.date.none.fl_str_mv 2022
2022
2023
dc.type.none.fl_str_mv info:eu-repo/semantics/doctoralThesis
info:eu-repo/semantics/publishedVersion
format doctoralThesis
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10803/674048
http://dx.doi.org/10.6035/14102.2022.369361
url http://hdl.handle.net/10803/674048
http://dx.doi.org/10.6035/14102.2022.369361
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by-sa/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-sa/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 121 p.
application/pdf
application/pdf
dc.publisher.none.fl_str_mv Universitat Jaume I
publisher.none.fl_str_mv Universitat Jaume I
dc.source.none.fl_str_mv TDX (Tesis Doctorals en Xarxa)
reponame:TDR. Tesis Doctorales en Red
instname:CBUC, CESCA
instname_str CBUC, CESCA
reponame_str TDR. Tesis Doctorales en Red
collection TDR. Tesis Doctorales en Red
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.300724

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