Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based Approach
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/29747
comunitat-uji-handle3:10234/162746
comunitat-uji-handle4:
TESISMetadatos
Título
Business Cycle Fluctuations and Granular Behavior: an Empirical Analysis vs. the Agent-Based ApproachAutoría
Director/a
Alfarano, Simone; Tedeschi, GabrielePrograma de Doctorado
Programa de Doctorat en Economia i EmpresaÓrgano responsable
Universitat Jaume I. Escola de DoctoratFecha de defensa
2022-04-08Descripción
Doctorat internacional
Editor
Universitat Jaume IPalabras clave
Área de conocimiento
Páginas
121 p.;Resumen
This 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 ... [+]
This 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. [-]
Derechos de acceso
L'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/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess