General information product theory in economics science

Ledenyov, Dimitri O. and Ledenyov, Viktor O. (2015): General information product theory in economics science.

Abstract

The information, including the knowledge in the science, business and society, is being generated, transmitted, received and analyzed by the humans in the various countries for many centuries. The generated information can be structured, coded, stored and retrieved, representing a most valuable asset in possession by the acting economic agents in the modern economies of the scales and scopes in the information societies in an information age. The authors introduce a notion on the general information product (GIP) in the macroeconomics, thoughtfully defining the GIP(t) as a ratio of the total generated information stream to the selected finite time period (GIP(t)=total generated information/time) in the macroeconomics for the first time. Authors consider the GIP(t) as a main parameter, which evaluates the performance of the economies of the scales and scopes from the macroeconomics perspective. Authors assume that the multiple possible origins of the fluctuations of GIP(t) and the accurate characterization of GIP(t) can be made in agreement with the Ledenyov theory on the GIP(t) in the macroeconomics. Authors believe that the Ledenyov indicator GIP(t) instead of the Kuznets indicator GDP(t), can be successfully used to accurately measure the state/performance of any economy in the time domain. Authors think that the GIP(t) is a discrete-time digital signal (the Ledenyov digital wave with the Markov information), but it is not the continuous-time signals (the continuous waves), because of the discrete-time digital nature of information generation process in the developed/developing economies. The article considers the empirical theoretical approaches and reveals the possible practical technical limitations in relation to the modeling of the new types of the discrete-time digital signals generators for the Ledenyov digital waves generation in the economies of the scales and scopes at the time of globalization.

• Item Type: MPRA Paper
• Language: English
• Keywords: dependence of general information product on time GIP(t), dependence of general domestic product on time GIP(t), Ledenyov discrete-time digital waves, discrete-time digital signals generators, spectrum analysis / amplitude / frequency / wavelength / period / phase of discrete-time digital signal, mixing / harmonics / nonlinearities of discrete-time digital signal, continuous-time signals, Juglar fixed investment cycle, Kitchin inventory cycle, Kondratieff long wave cycle, Kuznets infrastructural investment cycle, econophysics, econometrics, nonlinear dynamic economic system, economy of scale and scope, macroeconomics.
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General; E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts; E - Macroeconomics and Monetary Economics > E0 - General > E02 - Institutions and the Macroeconomy; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E17 - Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E20 - General; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E27 - Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E30 - General; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E37 - Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E47 - Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F40 - General; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F44 - International Business Cycles; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F45 - Macroeconomic Issues of Monetary Unions; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes

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Selected Research Papers in Macroeconomics, Microeconomics & Nanoeconomics Sciences:

436. Ledenyov V O, Ledenyov D O 2012a Shaping the international financial system in century of globalization Cornell University NY USA www.arxiv.org 1206.2022.pdf pp 1 – 20.

437. Ledenyov V O, Ledenyov D O 2012b Designing the new architecture of international financial system in era of great changes by globalization Cornell University NY USA www.arxiv.org 1206.2778.pdf pp 1 – 18.

438. Ledenyov D O, Ledenyov V O 2012a On the new central bank strategy toward monetary and financial instabilities management in finances: econophysical analysis of nonlinear dynamical financial systems Cornell University NY USA www.arxiv.org 1211.1897.pdf pp 1 – 8.

439. Ledenyov D O, Ledenyov V O 2012b On the risk management with application of econophysics analysis in central banks and financial institutions Cornell University NY USA www.arxiv.org 1211.4108.pdf pp 1 – 10.

440. Ledenyov D O, Ledenyov V O 2013a On the optimal allocation of assets in investment portfolio with application of modern portfolio management and no