Practicality evaluation of stochastic model on networks for the real economy simulation

Hiromitsu Goto (), Wataru Souma and Yuji Fujita
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Hiromitsu Goto: Nihon University
Wataru Souma: Nihon University
Yuji Fujita: Nihon University

Journal of Computational Social Science, 2019, vol. 2, issue 1, No 4, 25-32

Abstract: Abstract We investigate the practicality of the Bouchaud–Mézard (BM) model for the real economy simulation using an information of Japanese production network, which contains basic financial information for more than a million firms and several million links of supplier–customer links. We found that the BM model can fit the power-law tail of the sales distribution and partially predict the sales for the individual firm.

Keywords: Stochastic model; Real economy simulation; Japanese production network (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s42001-019-00029-9

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