New research reveals economic ripple effects of business closures, remote work and other disruptions
Briefly

The research demonstrates that changes in urban surrounding can lead to significant revenue fluctuations for businesses, even those not nearby major hubs. This challenges traditional proximity-based models.
By considering the dependencies between various businesses based on human behavior data, cities can formulate more effective and equitable urban policies to enhance economic resilience.
Yabe emphasizes the complexity of urban systems, stating they cannot be simplified into rigid models, as our dependencies foster dynamic connections impacting economic dynamics.
The study utilized anonymized mobile phone data from millions of devices, revealing movement patterns that illuminate how urban interactions influence local economies.
Read at Phys
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