Macro-Econophysics : New Studies on Economic Networks and Synchronization
Book Details
Format
Hardback or Cased Book
ISBN-10
110719895X
ISBN-13
9781107198951
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jul 4th, 2017
Print length
432 Pages
Weight
856 grams
Dimensions
24.90 x 19.60 x 2.60 cms
Product Classification:
Physics
Ksh 14,850.00
Publisher Out of Stock
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Quality
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The recent availability of big data on heterogeneity and synchronization of economic networks brings an opportunity to explore concepts of macroeconomics. The theories of statistical physics, complex networks and big data are applied to understand the intricacies of macroeconomic concepts including business cycles, systemic risks, inflation and productivity.
The concepts of statistical physics and big data play an important role in the evidence-based analysis and interpretation of macroeconomic principles. The techniques of complex networks, big data, and statistical physics are useful to understand theories of economic systems, and the authors have applied these to understand the intricacies of complex macroeconomic problems. Recent research work using tools and techniques of big data, statistical physics, complex networks, and statistical science is covered, and basic graph algorithms and statistical measures of complex networks are described. The application of big data and statistical physics tools to assess price dynamics, inflation, systemic risks, and productivity is discussed. Chapter-end summary and numerical problems are provided to reinforce understanding of concepts.
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