Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27478 
Year of Publication: 
2008
Series/Report no.: 
Economics Discussion Papers No. 2008-42
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
Labour productivity distribution (dispersion) is studied both theoretically and empirically. Superstatistics is presented as a natural theoretical framework for productivity. The demand index ê is proposed within this framework as a new business index. Japanese productivity data covering small-to-medium to large firms from 1996 to 2006 is analyzed and the power-law for both firms and workers is established. The demand index ê is evaluated in the manufacturing sector. A new discovery is reported for the nonmanufacturing (service) sector, which calls for expansion of the superstatistics framework to negative temperature range.
Subjects: 
Labour productivity
superstatistics
Pareto's law
Business Cycle
demand index
JEL: 
E10
O40
E30
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Working Paper

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