英文标题：
《Volatility and Economic Growth in the Twentieth Century》
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作者：
Mercedes Campi, Marco Due\\~nas
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最新提交年份：
2017
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英文摘要：
  The twentieth century was a period of outstanding economic growth together with an unequal income distribution. This paper analyses the international distribution of growth rates and its dynamics during the twentieth century. We show that the whole century is characterized by a high heterogeneity in the distribution of GDP per capita growth rates, which is reflected in different shapes and a persistent asymmetry of the distributions at the regional level and for countries of different development levels. We find that in the context of the global conflicts that characterized the first half of the twentieth century and involved mainly large economies, the well-known negative scale relation between volatility and size of countries is not significant. After the year 1956, a redistribution of volatility leads to a significant negative scale-relation, which has been recently considered as a robust feature of the evolution of economic organizations. Our results contribute with more empirical facts that call the attention to traditional macroeconomic theories to better explain the underlying complexity of the growth process and sheds light on its historical evolution.
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中文摘要：
二十世纪是一个经济增长显著、收入分配不均的时期。本文分析了二十世纪增长率的国际分布及其动态。我们表明，整个世纪的特点是人均GDP增长率的分布具有高度的异质性，这反映在不同的形状上，以及区域一级和不同发展水平国家的分布持续不对称。我们发现，在二十世纪上半叶以全球冲突为特征、主要涉及大型经济体的背景下，波动性与国家规模之间众所周知的负规模关系并不显著。1956年之后，波动性的再分配导致了显著的负规模关系，这最近被认为是经济组织演变的一个有力特征。我们的结果提供了更多的实证事实，提请人们注意传统的宏观经济理论，以更好地解释增长过程的潜在复杂性，并揭示其历史演变。
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：General Finance        一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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一级分类：Physics        物理学
二级分类：Physics and Society        物理学与社会
分类描述：Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体（人类或其他）的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统（如能源网、运输网络）的物理和工程。
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一级分类：Statistics        统计学
二级分类：Applications        应用程序
分类描述：Biology, Education, Epidemiology, Engineering, Environmental Sciences, Medical, Physical Sciences, Quality Control, Social Sciences
生物学，教育学，流行病学，工程学，环境科学，医学，物理科学，质量控制，社会科学
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