Logistic modelling of economic dynamics

Arnab K. Ray

Papers from arXiv.org

Abstract: We demonstrate the effectiveness of the logistic function to model the evolution of two economic systems. The first is the GDP and trade growth of the USA, and the second is the revenue and human resource growth of IBM. Our modelling is based on the World Bank data in the case of the USA, and on the company data in the case of IBM. The coupled dynamics of the two relevant variables in both systems - GDP and trade for the USA, and revenue and human resource for IBM - follows a power-law behaviour.

Date: 2023-09
New Economics Papers: this item is included in nep-ger
References: Add references at CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2309.01139 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2309.01139

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().