A model for the growth dynamics of economic organizations

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

Physica A: Statistical Mechanics and its Applications, 2001, vol. 299, issue 1, 127-136

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.

Keywords: Scaling; Universality; GDP; Countries; Business firms; Organizations; Growth; Dynamics (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:299:y:2001:i:1:p:127-136

DOI: 10.1016/S0378-4371(01)00287-4

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