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Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors

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  • Ikeda, Yuichi
  • Fujiwara, Yoshi
  • Aoyama, Hideaki
  • Iyetomi, Hiroshi
  • Souma, Wataru
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    Abstract

    Labour productivity distribution (dispersion) is studied within the framework of statistical physics and the result is compared with the outcome of the empirical analysis. Superstatistics is presented as a natural theoretical framework for the productivity distribution. The demand index ê is proposed within this framework as a new business index. Productivity analysis is made on the Japanese data covering smallto-medium to large firms from 1996 to 2006 and the power-law for both firms and workers is established. The demand index ê is evaluated in the manufacturing sector. A new discovery is reported for the nonmanufacturing (service) sector, which calls for an expansion of the superstatistics framework to include the negative temperature range. --

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    File URL: http://dx.doi.org/10.5018/economics-ejournal.ja.2009-22
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    Bibliographic Info

    Article provided by Kiel Institute for the World Economy in its journal Economics: The Open-Access, Open-Assessment E-Journal.

    Volume (Year): 3 (2009)
    Issue (Month): 22 ()
    Pages: 1-17

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    Handle: RePEc:zbw:ifweej:7607

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    Related research

    Keywords: Labour productivity; superstatistics; Pareto's Law; business cycle; demand index;

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    References

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    1. Masanao Aoki, . "Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes," UCLA Economics Online Papers 390, UCLA Department of Economics.
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    Cited by:
    1. Hawkins, Raymond J. & Aoki, Masanao & Roy Frieden, B., 2010. "Asymmetric information and macroeconomic dynamics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(17), pages 3565-3571.
    2. Aoki, Masanao & Hawkins, Raymond J., 2010. "Non-self-averaging and the statistical mechanics of endogenous macroeconomic fluctuations," Economic Modelling, Elsevier, vol. 27(6), pages 1543-1546, November.
    3. Souma, Wataru & Ikeda, Yuichi & Iyetomi, Hiroshi & Fujiwara, Yoshi, 2009. "Distribution of Labour Productivity in Japan over the Period 1996–-2006," Economics Discussion Papers 2009-2, Kiel Institute for the World Economy.

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