Predicting economic growth with classical physics and human biology
General Finance
2012-12-07 v1 Physics and Society
Abstract
We collect and analyze the data for working time, life expectancy, and the pair output and infrastructure of industrializing nations. During S-functional recovery from disaster the pair's time shifts yield 25 years for the infrastructure's physical lifetime. At G7 level the per capita outputs converge and the time shifts identify a heritable quantity with a reaction time of 62 years. It seems to control demand and the spare time required for enjoying G7 affluence. The sum of spare and working time is fixed by the universal flow of time. This yields analytic solutions for equilibrium, recovery, and long-term evolution for all six variables with biologically stabilized parameters.
Keywords
Cite
@article{arxiv.1212.1286,
title = {Predicting economic growth with classical physics and human biology},
author = {Hans G. Danielmeyer and Thomas Martinetz},
journal= {arXiv preprint arXiv:1212.1286},
year = {2012}
}