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Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors

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

Labour productivity distribution (dispersion) is studied both theoretically and empirically. Superstatistics is presented as a natural theoretical framework for productivity. The demand index ê is proposed within this framework as a new business index. Japanese productivity data covering small-to-medium to large firms from 1996 to 2006 is analyzed 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 expansion of the superstatistics framework to negative temperature range. --

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Paper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number 2008-42.

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Date of creation: 2008
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Handle: RePEc:zbw:ifwedp:7463

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Related research
Keywords: Labour productivity; superstatistics; Pareto's law; Business Cycle; demand index;

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Find related papers by JEL classification:
E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

References listed on IDEAS
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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. [Downloadable!]
  2. AOYAMA Hideaki & YOSHIKAWA Hiroshi & IYETOMI Hiroshi & FUJIWARA Yoshi, 2008. "Productivity Dispersion: Facts, Theory, and Implications," Discussion papers 08035, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
  3. Yuichi Ikeda & Wataru Souma, 2008. "International Comparison of Labor Productivity Distribution for Manufacturing and Non-Manufacturing Firms," Quantitative Finance Papers 0812.0208, arXiv.org, revised Dec 2008. [Downloadable!]
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