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A model for the growth dynamics of economic organizations

Author

Listed:
  • Amaral, L.A.N.
  • Gopikrishnan, P.
  • Plerou, V.
  • Stanley, H.E.

Abstract

We apply methods and concepts of statistical physics to the study of economic organizations. We identify robust, universal, characteristics of the time evolution of economic organizations. Specifically, we find the existence of scaling laws describing the growth of the size of these organizations. We study a model assuming a complex evolving internal structure of an organization that is able to reproduce many of the empirical findings.

Suggested Citation

  • Amaral, L.A.N. & Gopikrishnan, P. & Plerou, V. & Stanley, H.E., 2001. "A model for the growth dynamics of economic organizations," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 299(1), pages 127-136.
    • Handle: RePEc:eee:phsmap:v:299:y:2001:i:1:p:127-136
    DOI: 10.1016/S0378-4371(01)00287-4
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    References listed on IDEAS

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    8. Vasiliki Plerou & Luís A. Nunes Amaral & Parameswaran Gopikrishnan & Martin Meyer & H. Eugene Stanley, 1999. "Similarities between the growth dynamics of university research and of competitive economic activities," Nature, Nature, vol. 400(6743), pages 433-437, July.
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    Full references (including those not matched with items on IDEAS)

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