Generalization of the Aoki–Yoshikawa sectoral productivity model based on extreme physical information principle

This paper presents a continuous variable generalization of the Aoki–Yoshikawa sectoral productivity model. Information theoretical methods from the Frieden–Soffer extreme physical information statistical estimation methodology were used to construct exact solutions. Both approaches coincide in first order approximation. The approach proposed here can be successfully applied in other fields of research.

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Year of publication:	2015
Authors:	Bednarek, Ilona ; Makowski, Marcin ; Piotrowski, Edward W. ; Sładkowski, Jan ; Syska, Jacek
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 428.2015, C, p. 161-172
Publisher:	Elsevier
Subject:	Sectorial productivity \| Aoki–Yoshikawa model \| Econophysics

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011209729