Esquierro, Leon; Silva, Sergio da - In: Economies : open access journal 12 (2024) 7, pp. 1-34
This study extends the concept of granularity from firms to cities, examining how large cities influence national … large cities have a significant impact on the business cycle beyond their relative size. We analyze data from American and … Brazilian cities between 2003 and 2019 assessing the granular residuals and their explanatory power. Our findings reveal that in …