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A Statistical Approach Of The Spatial-Temporal Variability Of A Phenomenon Using A Ro-Eu Composite Index

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Author Info

  • Elisabeta Jaba

    ()
    (AL.I. Cuza" University Iasi, Romania)

  • Alina Botezat

    (AL.I. Cuza" University Iasi, Romania)

  • Christiana Brigitte Balan

    (AL.I. Cuza" University Iasi, Romania)

Abstract

This study aims at presenting a new computation index, which simultaneously measures the time and space variation of the various economic indices. The elaboration method of the space-time index is based on a matrix construct, the time and space variation of the analyzed economic index being represented via a system of vectors in plane. The practical application of the compound index is exemplified by employing the data on the growth rate of the GDP/inhabitant, calculated for two spatial entities: Romania and the European Union, for the period 1999-2008. The obtained findings confirm the fact that the proposed space-time index is a good analysis tool for the measurement of the time and space variation related to the various economic indices, as well as for testing the economic convergence for discrete time moments.

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Bibliographic Info

Article provided by Romanian Regional Science Association in its journal Romanian Journal of Regional Science.

Volume (Year): 4 (2010)
Issue (Month): 1 (JUNE)
Pages: 1-14

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Handle: RePEc:rrs:journl:v:4:y:2010:i:1:p:1-14

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Web page: http://www.rrsa.ro

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Keywords: space-time index; convergence; economic shock.;

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