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SUMMARY:Temporal fluctuation scaling and thermostatistical study of the pe
 r capita gross domestic products of 105 countries of the world during the 
 period 1960-2023
DTSTART;VALUE=DATE-TIME:20260416T201000Z
DTEND;VALUE=DATE-TIME:20260416T203000Z
DTSTAMP;VALUE=DATE-TIME:20260413T220938Z
UID:indico-contribution-339@fisindico.uniandes.edu.co
DESCRIPTION:Speakers: Alejandro Riascos Ochoa (Universidad Nacional de Col
 ombia)\nWe perform an econophysics study of the gross domestic product per
  capita (GDPP) data from $N=105$ countries worldwide\, which have annual r
 ecords in the World Bank database for every year between 1960 and 2023.\nS
 tarting from the time series of annual values of the average GDPP per coun
 try and the variance of the GDPP for the period 1960-2023\, we find that t
 he variance presents a power law relationship with respect to the average\
 , that is\, the existence of the scaling of the temporal fluctuation in th
 is economic system is verified.\nSubsequently\, after verifying that there
  is also scaling of the time fluctuation for 15-year observation windows\,
  we studied the annual evolution of the values of the proportionality cons
 tant and the exponent of the scaling of the time fluctuation during the pe
 riod 1974-2023\, observing the existence of anticorrelated cycles for thes
 e two quantities.\nFinally\, defining the economic temperature (Te) as the
  first absolute moment of the 105 GDPP values with respect to the average 
 GDPP per country\, the economic entropy (Se) as the average Shannon entrop
 y per country multiplied by $N$\, and the economic chemical potential (Pe)
  by establishing an analogy with the first law of thermodynamics\, we stud
 y the temporal evolution of the macroscopic variables Te\, Se\, and Pe ove
 r the period 1960–2023.\nWe find that\, in terms of these macroscopic va
 riables\, it is possible to identify historical periods in which different
  economic factors led to growth or decline dynamics in the annual values o
 f both the average GDPP per country and the variance of GDPP.\n\nhttps://f
 isindico.uniandes.edu.co/event/23/contributions/339/
LOCATION:Universidad de los Andes ML-513
URL:https://fisindico.uniandes.edu.co/event/23/contributions/339/
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