• Title of article

    Empirical nonextensive laws for the county distribution of total personal income and gross domestic product

  • Author/Authors

    Ernesto P. Borges، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2004
  • Pages
    12
  • From page
    255
  • To page
    266
  • Abstract
    We analyze the cumulative distribution of total personal income of USA counties, and gross domestic product of Brazilian, German and United Kingdom counties, and also of world countries. We verify that generalized exponential distributions, related to nonextensive statistical mechanics, describe almost the whole spectrum of the distributions (within acceptable errors), ranging from the low region to the middle region, and, in some cases, up to the power-law tail. The analysis over about 30 years (for USA and Brazil) shows a regular pattern of the parameters appearing in the present phenomenological approach, suggesting a possible connection between the underlying dynamics of (at least some aspects of) the economy of a country (or of the whole world) and nonextensive statistical mechanics. We also introduce two additional examples related to geographical distributions: land areas of counties and land prices, and the same kind of equations adjust the data in the whole range of the spectrum.
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Serial Year
    2004
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Record number

    869105