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

Ilona Bednarek, Marcin Makowski, Edward Piotrowski (), Jan S{\l}adkowski and Jacek Syska

Papers from arXiv.org

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.

Date: 2015-04
New Economics Papers: this item is included in nep-eff
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Published in Physica A 428 (2015) 161-172

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Journal Article: 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:arx:papers:1504.07604

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