Distributions of region size and GDP and their relation

Hu Sen, Yang Chunxia, Zhu Xueshuai, Zheng Zhilai and Cao Ya

Physica A: Statistical Mechanics and its Applications, 2015, vol. 430, issue C, 46-56

Abstract: We first analyze the distribution of metropolitan (city) size, the distribution of metropolitan (city) GDP and the relation of both distributions. It is found that (1) the tails of distributions of size and GDP both obey Pareto Law with the Pareto exponent 1; (2) compared with Pareto exponent in GDP, Pareto exponent in size is bigger. Then an agent model is built to study the underlying formation mechanism of distributions of region size and GDP. Our model presents the mechanism how economic factors flow between regions to reproduce the tail behavior and the difference between the Pareto exponents of size and those of GDP. At last, the simulated results agree with the real empirical well.

Keywords: Region size distribution; Region GDP distribution; Power law; Agent model; Flow of economic factors; Econophysics (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:430:y:2015:i:c:p:46-56

DOI: 10.1016/j.physa.2015.02.094

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