Compositional Growth Models

Fuente: arXiv
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Autores principales: Moran, José, Riccaboni, Massimo
Formato: Preprint
Publicado: 2024
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_version_ 1866909166931542016
author Moran, José
Riccaboni, Massimo
author_facet Moran, José
Riccaboni, Massimo
contents We review models of compositional growth, which were introduced to explain the growth statistics of various quantities ranging from firm sizes to GDP. In these models, entities are decomposed into units that grow independently. Thus, the growth rate of the entity is the addition of the growth rates of the composing units, with possibly heterogeneous weights. We review such models and show that they can be understood through a unifying theoretical framework, explaining the resulting growth rate distributions using mixtures of Gaussians.
format Preprint
id arxiv_https___arxiv_org_abs_2404_07935
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Compositional Growth Models
Moran, José
Riccaboni, Massimo
General Economics
Economics
Physics and Society
We review models of compositional growth, which were introduced to explain the growth statistics of various quantities ranging from firm sizes to GDP. In these models, entities are decomposed into units that grow independently. Thus, the growth rate of the entity is the addition of the growth rates of the composing units, with possibly heterogeneous weights. We review such models and show that they can be understood through a unifying theoretical framework, explaining the resulting growth rate distributions using mixtures of Gaussians.
title Compositional Growth Models
topic General Economics
Economics
Physics and Society
url https://arxiv.org/abs/2404.07935