2023/09/03 by Arnab Ray, Ray, Arnab K.
Business, Management and Accounting · Decision Sciences · Economics, Econometrics and Finance · #Business Strategy and Innovation #Complex Systems and Time Series Analysis #Computer science #Dynamics (music) #Econometrics #Economics #FOS: Economics and business #FOS: Physical sciences #Finance #Function (biology) #Game Theory and Applications #General Economics (econ.GN) #IBM #Industrial organization #Logistic function #Logistic regression #Physics and Society (physics.soc-ph) #Resource (disambiguation) #Revenue
paper · pdf · doi:10.48550/arxiv.2309.01139
openalex publication_date 2023/09/03 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We demonstrate the effectiveness of the logistic function to model the evolution of two economic systems. The first is the GDP and trade growth of the USA, and the second is the revenue and human resource growth of IBM. Our modelling is based on the World Bank data in the case of the USA, and on the company data in the case of IBM. The coupled dynamics of the two relevant variables in both systems - GDP and trade for the USA, and revenue and human resource for IBM - follows a power-law behaviour.