Power laws and macroeconomic fluctuations

被引：14

作者：

Gaffeo, E

Gallegati, M

Giulioni, G

Palestrini, A

机构：

[1] Univ Ancona, Dept Econ, I-62100 Ancona, Italy

[2] Univ Udine, Dept Econ, I-33100 Udine, Italy

来源：

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS | 2003年 / 324卷 / 1-2期

关键词：

econophysics;

D O I：

10.1016/S0378-4371(02)01891-5

中图分类号：

O4 [物理学];

学科分类号：

0702 ;

摘要：

We study the duration distribution of recessions and recoveries occurred in a pool of industrialized countries during the last 120 years. We find that for recessions the duration is distributed according to a power law, and that the power exponent is virtually invariant as we split up the time span into sub-periods. The evidence regarding the duration of recoveries is mixed, however. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：408 / 416

页数：9

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