A model for the growth dynamics of economic organizations

L. A N Amaral*, P. Gopikrishnan, V. Plerou, H. E. Stanley

*Corresponding author for this work

Research output: Contribution to journalConference articlepeer-review

52 Scopus citations

Abstract

We apply methods and concepts of statistical physics to the study of economic organizations. We identify robust, universal, characteristics of the time evolution of economic organizations. Specifically, we find the existence of scaling laws describing the growth of the size of these organizations. We study a model assuming a complex evolving internal structure of an organization that is able to reproduce many of the empirical findings.

Original languageEnglish (US)
Pages (from-to)127-136
Number of pages10
JournalPhysica A: Statistical Mechanics and its Applications
Volume299
Issue number1-2
DOIs
StatePublished - Oct 1 2001
EventApplication of Physics in Economic Modelling (NATO ARW) - Prague, Czech Republic
Duration: Feb 8 2001Feb 10 2001

Keywords

  • Business firms
  • Countries
  • Dynamics
  • GDP
  • Growth
  • Organizations
  • Scaling
  • Universality

ASJC Scopus subject areas

  • Statistics and Probability
  • Condensed Matter Physics

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