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Microscopic study reveals the singular origins of growth

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  • G. Yaari

    ()

  • A. Nowak
  • K. Rakocy
  • S. Solomon
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    Abstract

    Anderson [Science 177, 293 (1972)] proposed the concept of complexity in order to describe the emergence and growth of macroscopic collective patterns out of the simple interactions of many microscopic agents. In the physical sciences this paradigm was implemented systematically and confirmed repeatedly by successful confrontation with reality. In the social sciences however, the possibilities to stage experiments to validate it are limited. During the 90's a series of dramatic political and economic events have provided the opportunity to do so. We exploit the resulting empirical evidence to validate a simple agent based alternative to the classical logistic dynamics. The post-liberalization empirical data from Poland confirm the theoretical prediction that the dynamics is dominated by singular rare events which insure the resilience and adaptability of the system. We have shown that growth is led by few singular “growth centers" (Fig. 1), that initially developed at a tremendous rate (Fig. 3), followed by a diffusion process to the rest of the country and leading to a positive growth rate uniform across the counties. In addition to the interdisciplinary unifying potential of our generic formal approach, the present work reveals the strong causal ties between the “softer" social conditions and their “hard" economic consequences. Copyright EDP Sciences/Società Italiana di Fisica/Springer-Verlag 2008

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    File URL: http://hdl.handle.net/10.1140/epjb/e2008-00189-6
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    Bibliographic Info

    Article provided by Springer in its journal The European Physical Journal B.

    Volume (Year): 62 (2008)
    Issue (Month): 4 (04)
    Pages: 505-513

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    Handle: RePEc:spr:eurphb:v:62:y:2008:i:4:p:505-513

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    Web page: http://www.springer.com/economics/journal/10051

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    Related research

    Keywords: 89.20.-a Interdisciplinary applications of physics; 89.65.-s Social and economic systems; 89.65.Gh Economics; econophysics; financial markets; business and management; 89.75.Fb Structures and organization in complex systems;

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    Cited by:
    1. Kočišová, J. & Horváth, D. & Brutovský, B., 2009. "The efficiency of individual optimization in the conditions of competitive growth," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 388(17), pages 3585-3592.
    2. Challet, Damien & Solomon, Sorin & Yaari, Gur, 2009. "The Universal Shape of Economic Recession and Recovery after a Shock," Economics Discussion Papers 2009-6, Kiel Institute for the World Economy.
    3. G. Yaari & D. Stauffer & S. Solomon, 2008. "Intermittency and Localization," Papers 0802.3541, arXiv.org, revised Mar 2008.
    4. Sorin Solomon & Natasa Golo, 2014. "Microeconomic Structure determines Macroeconomic Dynamics. Aoki defeats the Representative Agent," Papers 1401.7496, arXiv.org.

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