Income distribution in the Colombian economy from an econophysics perspective
Recently, in econophysics, it has been shown that it is possible to analyze economic systems as equilibrium thermodynamic models. We apply statistical thermodynamics methods to analyze income distribution in the Colombian economic system. Using the data obtained in random polls, we show that income...
- Autores:
-
Quevedo Cubillos, Hernando
Quevedo, María N.
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2016
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/62572
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/62572
http://bdigital.unal.edu.co/61731/
- Palabra clave:
- 33 Economía / Economics
Econophysics
income distribution
Colombian economy
Boltzmann-Gibbs distribution
Pareto distribution
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | Recently, in econophysics, it has been shown that it is possible to analyze economic systems as equilibrium thermodynamic models. We apply statistical thermodynamics methods to analyze income distribution in the Colombian economic system. Using the data obtained in random polls, we show that income distribution in the Colombian economic system is characterized by two specific phases. The first includes about 90% of the interviewed individuals, and is characterized by an exponential Boltzmann-Gibbs distribution. The second phase, which contains the individuals with the highest incomes, can be described by means of one or two power-law density distributions that are known as Pareto distributions. |
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