Since 2014
Econo- and Socio- Physics based Remarks on the Economical Growth of the World
Turkish Economic Review
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| Title |
Econo- and Socio- Physics based Remarks on the Economical Growth of the World
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| Creator |
RZOSKA, Agata Angelika; The Karol Lipiński Academy of Music, pl. Jan Pawła II 2, 50-043 Wrocław, Poland
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| Description |
Abstract. It has been shown that the long term evolution of the Gross Product of the World after World War II can be well portrayed by the simply exponential function with the crossover at the year 1973, which coincides with the Oil Crisis onset. For such basic parameter as the S&P 500 index the single exponential behavior extends down to at least the mid of the nineteen century. It is notable that the detailed short-term insight focused on the last quarter of century revealed the emergence of the power like dependence, despite notable irregularities. However, such dependences can be introduced only when taking into account the behavior at reference-baselines years, clearly related to the society – important events in the past. The possible relationship to the growth/death evolution of microorganisms is also discussed.Keywords. Global product growth, Econophysics, Sociophysics, Microbiology.JEL.E20, F43, D24.
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| Publisher |
Turkish Economic Review
Turkish Economic Review |
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| Date |
2016-03-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/TER/article/view/615
10.1453/ter.v3i1.615 |
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| Source |
Turkish Economic Review; Vol 3, No 1 (2016): March; 82-90
Turkish Economic Review; Vol 3, No 1 (2016): March; 82-90 2149-0414 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/TER/article/view/615/724
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| Rights |
Copyright (c) 2016 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0 |
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