Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors
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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- Masanao Aoki, . "Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes," UCLA Economics Online Papers 390, UCLA Department of Economics.
- Yuichi Ikeda & Wataru Souma, 2008. "International Comparison of Labor Productivity Distribution for Manufacturing and Non-Manufacturing Firms," Papers 0812.0208, arXiv.org, revised Dec 2008.
- 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).
- Hideaki Aoyama & Hiroshi Yoshikawa & Hiroshi Iyetomi & Yoshi Fujiwara, 2008. "Labour Productivity Superstatistics," Papers 0809.3541, arXiv.org.
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