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

Ilona Bednarek, Marcin Makowski, Edward Piotrowski (), Jan Sladkowski () and Jacek Syska

Physica A: Statistical Mechanics and its Applications, 2015, vol. 428, issue C, 161-172

Abstract: 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.

Keywords: Sectorial productivity; Aoki–Yoshikawa model; Econophysics (search for similar items in EconPapers)
Date: 2015
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Working Paper: Generalization of the Aoki-Yoshikawa sectoral productivity model based on extreme physical information principle (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:428:y:2015:i:c:p:161-172

DOI: 10.1016/j.physa.2015.02.033

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