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Predicting economic growth with classical physics and human biology

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  • Hans G. Danielmeyer
  • Thomas Martinetz

Abstract

We collect and analyze the data for working time, life expectancy, and the pair output and infrastructure of industrializing nations. During S-functional recovery from disaster the pair's time shifts yield 25 years for the infrastructure's physical lifetime. At G7 level the per capita outputs converge and the time shifts identify a heritable quantity with a reaction time of 62 years. It seems to control demand and the spare time required for enjoying G7 affluence. The sum of spare and working time is fixed by the universal flow of time. This yields analytic solutions for equilibrium, recovery, and long-term evolution for all six variables with biologically stabilized parameters.

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  • Hans G. Danielmeyer & Thomas Martinetz, 2012. "Predicting economic growth with classical physics and human biology," Papers 1212.1286, arXiv.org.
    • Handle: RePEc:arx:papers:1212.1286
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    1. Danielmeyer, H.G. & Martinetz, Thomas, 2010. "The Biologic Stability of the Industrial Evolution," European Review, Cambridge University Press, vol. 18(2), pages 263-268, May.
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