Universal features in the growth dynamics of complex organizations

Youngki Lee, Luís A. Nunes Amaral, David Canning, Martin Meyer, H. Eugene Stanley

Research output: Contribution to journalArticlepeer-review

165 Scopus citations

Abstract

We analyze the fluctuations in the gross domestic product (GDP) of 152 countries for the period 1950–1992. We find that (i) the distribution of annual growth rates for countries of a given GDP decays with “fatter” tails than for a Gaussian, and (ii) the width of the distribution scales as a power law of GDP with a scaling exponent β≈0.15. Both findings are in surprising agreement with results on firm growth. These results are consistent with the hypothesis that the evolution of organizations with complex structure is governed by similar growth mechanisms.

Original languageEnglish (US)
Pages (from-to)3275-3278
Number of pages4
JournalPhysical review letters
Volume81
Issue number15
DOIs
StatePublished - 1998

ASJC Scopus subject areas

  • Physics and Astronomy(all)

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