MODELS OF DISTRIBUTION OF GDP AT THE GLOBAL LEVEL

Zoran Tomić, Ognjen Radović

DOI Number
https://doi.org/10.22190/FUEO1802177T
First page
177
Last page
187

Abstract


Problem of distribution gathers the attention of researchers for years. In their research they analyze the uniformity of distribution using Pareto model of distribution, the Lorenz curve and the Gini coefficient. Also some authors are testing the applicability of models from statistical physics to the problem of distribution to better describe it. In addition to the analysis of distribution at the level of states and certain groups such as the Forbes list, the problem is spreading to the global level, where we analyze the distribution of GDP as a measure of the wealth of individual countries.

In this paper we analyzed the distribution of GDP of countries applying the Pareto model, Lorenz curve, Gini coefficient and Boltzmann Gibbs distribution from statistical physics. The analysis was done for 2015, while the Gini coefficient analysis was done during the period from 1990 to 2015.


Keywords

The distribution of wealth, GDP, Pareto distribution, Lorenz curve, Gini coefficient, Boltzmann Gibbs distribution

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References


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DOI: https://doi.org/10.22190/FUEO1802177T

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