Econophysics on Real Economy -The First Decade of the Kyoto Econophysics Group-

Details Econophysics on Real Economy -The First Decade of the Kyoto Econophysics Group- Econophysics on Real Economy -The First Decade of the Kyoto Econophysics Group-

2010-06-29

arxiv.org/abs/1006.5587v3

Economy

Quantitative Finance

General Finance

6 pages in Phys.Rev. format. Minor typographical errors are corrected in v3

Scientific paper

Research activities of Kyoto Econophysics Group is reviewed. Strong emphasis has been placed on real economy. While the initial stage of research was a first high-definition data analysis on personal income, it soon progressed to firm dynamics, growth rate distribution and establishment of Pareto's law and Gibrat's law. It then led to analysis and simulation of firm dynamics on economic network. Currently it covers a wide rage of dynamics of firms and financial institutions on complex network, using Japanese large-scale network data, some of which are not available in other countries. Activities of this group for publicising and promoting understanding of econophysics is also reviewed.

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