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A model for the growth dynamics of economic organizations

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  • Amaral, L.A.N.
  • Gopikrishnan, P.
  • Plerou, V.
  • Stanley, H.E.
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    Abstract

    We apply methods and concepts of statistical physics to the study of economic organizations. We identify robust, universal, characteristics of the time evolution of economic organizations. Specifically, we find the existence of scaling laws describing the growth of the size of these organizations. We study a model assuming a complex evolving internal structure of an organization that is able to reproduce many of the empirical findings.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0378437101002874
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    Bibliographic Info

    Article provided by Elsevier in its journal Physica A: Statistical Mechanics and its Applications.

    Volume (Year): 299 (2001)
    Issue (Month): 1 ()
    Pages: 127-136

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    Handle: RePEc:eee:phsmap:v:299:y:2001:i:1:p:127-136

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    Web page: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/

    Related research

    Keywords: Scaling; Universality; GDP; Countries; Business firms; Organizations; Growth; Dynamics;

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    Cited by:
    1. Bottazzi, Giulio & Secchi, Angelo, 2003. "Why are distributions of firm growth rates tent-shaped?," Economics Letters, Elsevier, vol. 80(3), pages 415-420, September.
    2. repec:hal:journl:halshs-00155762 is not listed on IDEAS
    3. Matthias Duschl & Thomas Brenner, 2013. "Growth dynamics in regional systems of technological activities – A SVAR approach," Working Papers on Innovation and Space 2013-12, Philipps University Marburg, Department of Geography.
    4. repec:ebl:ecbull:v:12:y:2008:i:9:p:1-15 is not listed on IDEAS
    5. Marco Corsino & Roberto Gabriele & Enrico Zaninotto, 2008. "Organizational capabilities and industry dynamics: a computational model," ROCK Working Papers 050, Department of Computer and Management Sciences, University of Trento, Italy, revised 18 Nov 2008.
    6. Carolina Castaldi & Giovanni Dosi, 2004. "Income Levels and Income Growth. Some New Cross-Country Evidence and Some Interpretative Puzzles," LEM Papers Series 2004/18, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    7. Alex Coad, 2007. "Firm Growth and Scaling of Growth Rate Variance in Multiplant Firms," Jena Economic Research Papers 2007-101, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
    8. Sandro Sapio & Grid Thoma, 2006. "The Growth of Industrial Sectors: Theoretical Insights and Empirical Evidence from U.S. Manufacturing," LEM Papers Series 2006/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    9. Guido Fioretti, 2005. "The Production Function," Papers physics/0511191, arXiv.org.
    10. Wright, Ian, 2008. "Implicit Microfoundations for Macroeconomics," Economics Discussion Papers 2008-41, Kiel Institute for the World Economy.
    11. Fioretti, Guido, 2007. "The production function," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 374(2), pages 707-714.
    12. Matthias Duschl & Thomas Brenner, 2011. "Characteristics of Regional Industry-specific Employment Growth – Empirical Evidence for Germany," Working Papers on Innovation and Space 2011-07, Philipps University Marburg, Department of Geography.
    13. Carolina Castaldi & Giovanni Dosi, 2007. "The patterns of output growth of firms and countries: new evidence on scale invariances and scale specificities," LEM Papers Series 2007/14, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    14. Katz, J. Sylvan, 2006. "Indicators for complex innovation systems," Research Policy, Elsevier, vol. 35(7), pages 893-909, September.
    15. Wagner, Friedrich & Milaković, Mishael & Alfarano, Simone, 2010. "Firm profitability and the network of organizational capabilities," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(21), pages 4769-4775.
    16. Xie, Wen-Jie & Gu, Gao-Feng & Zhou, Wei-Xing, 2010. "On the growth of primary industry and population of China’s counties," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(18), pages 3876-3882.
    17. Carolina Castaldi & Giovanni Dosi, 2009. "The patterns of output growth of firms and countries: Scale invariances and scale specificities," Empirical Economics, Springer, vol. 37(3), pages 475-495, December.

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