A Statistical Approach Of The Spatial-Temporal Variability Of A Phenomenon Using A Ro-Eu Composite Index
AbstractThis 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 InfoArticle provided by Romanian Regional Science Association in its journal Romanian Journal of Regional Science.
Volume (Year): 4 (2010)
Issue (Month): 1 (JUNE)
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space-time index; convergence; economic shock.;
Find related papers by JEL classification:
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
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