Universal Features In The Growth Dynamics Of Complex Organizations

We analyze the fluctuations in the gross domestic product (GDP) of 152 countries for the period 1950-1992. We find that (i) the distribution of annual growth rates for countries of a given GDP decays with "fatter" tails than for a Gaussian, and (ii) the width of the distribution scales as a power law of GDP with a scaling exponent beta ap...更多