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...

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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
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spelling Atribución-NoComercial 4.0 InternacionalDerechos reservados - Universidad Nacional de Colombiahttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Quevedo Cubillos, Hernando172a4691-3d0d-4473-85b6-a3c17c1530de300Quevedo, María N.9a5b3fa3-6e36-4882-ba0b-7c60f8c1717b3002019-07-02T21:04:44Z2019-07-02T21:04:44Z2016-09-01ISSN: 2248-4337https://repositorio.unal.edu.co/handle/unal/62572http://bdigital.unal.edu.co/61731/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.application/pdfspaUniversidad Nacional de Colombia - Sede Bogotá - Facultad de Ciencias Económicas - Escuela de Economíahttps://revistas.unal.edu.co/index.php/ceconomia/article/view/44876Universidad Nacional de Colombia Revistas electrónicas UN Cuadernos de EconomíaCuadernos de EconomíaQuevedo Cubillos, Hernando and Quevedo, María N. (2016) Income distribution in the Colombian economy from an econophysics perspective. Cuadernos de Economía, 35 (69). pp. 691-707. ISSN 2248-433733 Economía / EconomicsEconophysicsincome distributionColombian economyBoltzmann-Gibbs distributionPareto distributionIncome distribution in the Colombian economy from an econophysics perspectiveArtículo de revistainfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/ARTORIGINAL44876-288300-1-PB.pdfapplication/pdf702053https://repositorio.unal.edu.co/bitstream/unal/62572/1/44876-288300-1-PB.pdf690ea6efbe4f839e29814b2956883270MD51THUMBNAIL44876-288300-1-PB.pdf.jpg44876-288300-1-PB.pdf.jpgGenerated Thumbnailimage/jpeg3794https://repositorio.unal.edu.co/bitstream/unal/62572/2/44876-288300-1-PB.pdf.jpg50af6270482d0ff6e94f5dde6485be11MD52unal/62572oai:repositorio.unal.edu.co:unal/625722023-04-17 23:05:15.274Repositorio Institucional Universidad Nacional de Colombiarepositorio_nal@unal.edu.co
dc.title.spa.fl_str_mv Income distribution in the Colombian economy from an econophysics perspective
title Income distribution in the Colombian economy from an econophysics perspective
spellingShingle Income distribution in the Colombian economy from an econophysics perspective
33 Economía / Economics
Econophysics
income distribution
Colombian economy
Boltzmann-Gibbs distribution
Pareto distribution
title_short Income distribution in the Colombian economy from an econophysics perspective
title_full Income distribution in the Colombian economy from an econophysics perspective
title_fullStr Income distribution in the Colombian economy from an econophysics perspective
title_full_unstemmed Income distribution in the Colombian economy from an econophysics perspective
title_sort Income distribution in the Colombian economy from an econophysics perspective
dc.creator.fl_str_mv Quevedo Cubillos, Hernando
Quevedo, María N.
dc.contributor.author.spa.fl_str_mv Quevedo Cubillos, Hernando
Quevedo, María N.
dc.subject.ddc.spa.fl_str_mv 33 Economía / Economics
topic 33 Economía / Economics
Econophysics
income distribution
Colombian economy
Boltzmann-Gibbs distribution
Pareto distribution
dc.subject.proposal.spa.fl_str_mv Econophysics
income distribution
Colombian economy
Boltzmann-Gibbs distribution
Pareto distribution
description 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.
publishDate 2016
dc.date.issued.spa.fl_str_mv 2016-09-01
dc.date.accessioned.spa.fl_str_mv 2019-07-02T21:04:44Z
dc.date.available.spa.fl_str_mv 2019-07-02T21:04:44Z
dc.type.spa.fl_str_mv Artículo de revista
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dc.identifier.issn.spa.fl_str_mv ISSN: 2248-4337
dc.identifier.uri.none.fl_str_mv https://repositorio.unal.edu.co/handle/unal/62572
dc.identifier.eprints.spa.fl_str_mv http://bdigital.unal.edu.co/61731/
identifier_str_mv ISSN: 2248-4337
url https://repositorio.unal.edu.co/handle/unal/62572
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dc.language.iso.spa.fl_str_mv spa
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dc.relation.spa.fl_str_mv https://revistas.unal.edu.co/index.php/ceconomia/article/view/44876
dc.relation.ispartof.spa.fl_str_mv Universidad Nacional de Colombia Revistas electrónicas UN Cuadernos de Economía
Cuadernos de Economía
dc.relation.references.spa.fl_str_mv Quevedo Cubillos, Hernando and Quevedo, María N. (2016) Income distribution in the Colombian economy from an econophysics perspective. Cuadernos de Economía, 35 (69). pp. 691-707. ISSN 2248-4337
dc.rights.spa.fl_str_mv Derechos reservados - Universidad Nacional de Colombia
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.license.spa.fl_str_mv Atribución-NoComercial 4.0 Internacional
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dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv Atribución-NoComercial 4.0 Internacional
Derechos reservados - Universidad Nacional de Colombia
http://creativecommons.org/licenses/by-nc/4.0/
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad Nacional de Colombia - Sede Bogotá - Facultad de Ciencias Económicas - Escuela de Economía
institution Universidad Nacional de Colombia
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