Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors

Author:

Aoyama Hideaki1,Fujiwara Yoshi2,Ikeda Yuichi3,Iyetomi Hiroshi4,Souma Wataru5

Affiliation:

1. Department of Physics , Kyoto University , Kyoto

2. ATR Laboratories , Kyoto

3. Hitachi Ltd , Hitachi Research Laboratory , Ibaraki

4. Department of Physics , Niigata University , Niigata

5. College of Science and Technology , Nihon University , Chiba

Abstract

Abstract Labour productivity distribution (dispersion) is studied within the framework of statistical physics and the result is compared with the outcome of the empirical analysis. Superstatistics is presented as a natural theoretical framework for the productivity distribution. The demand index κ is proposed within this framework as a new business index. Productivity analysis is made on the Japanese data covering small-to-medium to large firms from 1996 to 2006 and the power-law for both firms and workers is established. The demand index κ is evaluated in the manufacturing sector. A new discovery is reported for the nonmanufacturing (service) sector, which calls for an expansion of the superstatistics framework to include the negative temperature range.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance

Cited by 6 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Statistical Properties of Labor Productivity Distributions;Frontiers in Physics;2022-02-18

2. Why Does Production Function Take the Cobb–Douglas Form?;Statistical Properties in Firms’ Large-scale Data;2021

3. Why does production function take the Cobb–Douglas form?;Evolutionary and Institutional Economics Review;2020-07-04

4. Non-self-averaging and the statistical mechanics of endogenous macroeconomic fluctuations;Economic Modelling;2010-11

5. Asymmetric information and macroeconomic dynamics;Physica A: Statistical Mechanics and its Applications;2010-09

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