The duration of recessions follows an exponential not a power law

Details The duration of recessions follows an exponential not a power law The duration of recessions follows an exponential not a power law

2003-11-25

arxiv.org/abs/cond-mat/0311585v2

Physica A: Statistical Mechanics and its Applications, 345, 3-4, pp. 608-610, 2005

Physics

Condensed Matter

3 pages, 2 figures. Submitted to Physica A

Scientific paper

10.1016/j.physa.2004.07.035

Ormerod and Mounfield analysed GDP data of 17 leading capitalist economies
from 1870 to 1994 and concluded that the frequency of the duration of
recessions is consistent with a power-law. But in fact the data is consistent
with an exponential (Boltzmann-Gibbs) law.

Affiliated with

Also associated with

No associations

Rating

The duration of recessions follows an exponential not a power law does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with The duration of recessions follows an exponential not a power law, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and The duration of recessions follows an exponential not a power law will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-670558