Economic Amplifier - A New Econophysics Model

TL;DR

This paper introduces the 'economic amplifier,' a novel econophysics model inspired by electronic amplification principles, extending the analogy between economic processes and physical phenomena beyond statistical physics.

Contribution

It proposes a new interdisciplinary econophysics model based on electronic amplification principles, expanding the analogy between economic and physical processes.

Findings

The economic amplifier model offers new insights into economic development processes.

It demonstrates how amplification phenomena can explain economic dynamics.

The model bridges concepts from applied physics and economics.

Abstract

Most of the econometric and econophysics models have been borrowed from the statistical physics, and as a cosequence, a new interdisciplinary science called econophysics has emerged. In this paper we planned to extend the analogy between different economic processes or phenomena and processes and phenomena from different fields of physics, other than statistical physics. On the basis of the economic development process and amplification phenomenon analogy, a new econophysics model, named economic amplifier, on the electronic amplification principle from applied physics was proposed und largely analyzed.