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

DOI10.1016/J.PHYSA.2015.02.033zbMATH Open1400.91337arXiv1504.07604OpenAlexW2140324412WikidataQ62582451 ScholiaQ62582451MaRDI QIDQ1618367FDOQ1618367

Authors: Ilona Bednarek, Marcin Makowski, Edward W. Piotrowski, Jan Sładkowski, J. Syska 

Publication date: 13 November 2018

Published in: Physica A (Search for Journal in Brave)

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.

Full work available at URL: https://arxiv.org/abs/1504.07604

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zbMATH Keywords

econophysicsAoki-Yoshikawa modelsectorial productivity

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Applications of statistical and quantum mechanics to economics (econophysics) (91B80)

Cites Work

• Title not available (Why is that?)
• Geometry of Quantum States
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• An estimation theoretical characterization of coherent states
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• Physical symmetries and Fisher's information measure
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• Information channel capacity in the field theory estimation
• A subjective supply–demand model: the maximum Boltzmann/Shannon entropy solution

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