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Statistical Dynamics of Regional Populations and Economies by Huo, Jie; Wang, Xu-Ming; Hao, Rui; Wang, Peng is a scholarly article available to read on EtoBox.

What is Statistical Dynamics of Regional Populations and Economies about?

A practical statistical analysis on the regional populations and GDPs of China is conducted. The result shows that the distribution of the populations and that of the GDPs obeys the shifted power law, respectively. To understand these characteristics, a generalized Langevin equation describing variation of population is proposed based on the correlation between population and GDP as well as the random fluctuations of the related factors. The equation is transformed into the Fokker-Plank equation, and the solution demonstrates a transform of population distribution from the normal Gaussian distribution to a shifted power law. It also suggests a critical point of time at which the transform occurs. The shifted power law distribution in the supercritical situation is qualitatively in accordance with the practical result. The distribution of the GDPs is derived based on the Cobb-Douglas production function, and presents a change from a shifted power law to the Gaussian distribution. This result indicates that the regional GDP distribution of our society will be the Gaussian distribution in the future. The analysis on the growth trend of economy suggests it will become a reality. These

Author

Huo, Jie; Wang, Xu-Ming; Hao, Rui; Wang, Peng

Published

2016

Language

EN