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The measurement of structural differences between economies: An axiomatic characterization

Author

Listed:
  • Yew-Kwang Ng

    (Department of Economics, Monash University, Clayton, Victoria 3168, AUSTRALIA)

  • Guang-Zhen Sun

    (Department of Economics, Monash University, Clayton, Victoria 3168, AUSTRALIA)

Abstract

In empirical studies concerning comparison of economic structures and/or structural changes of economies, it is quite useful to employ an aggregate index to describe the structural difference (similarity). This paper offers an axiomatic characterization of the measurement of structural difference between economies that leads to some difference (similarity) index which is practically useful in empirical studies.

Suggested Citation

  • Yew-Kwang Ng & Guang-Zhen Sun, 2000. "The measurement of structural differences between economies: An axiomatic characterization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 16(2), pages 313-321.
    • Handle: RePEc:spr:joecth:v:16:y:2000:i:2:p:313-321
    Note: Received: September 3, 1999; revised version: November 9, 1999
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    Citations

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    Cited by:

    1. Robert Z. Lawrence & Lawrence Edward, 2010. "Do Developed and Developing Countries Compete Head to Head in High Tech?," Working Paper Series WP10-8, Peterson Institute for International Economics.
    2. Luca Benedictis & Lucia Tajoli, 2007. "Economic integration and similarity in trade structures," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 34(2), pages 117-137, April.
    3. Jelena Trivic & £ukasz Klimczak, 2015. "The determinants of intra-regional trade in the Western Balkans," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 33(1), pages 37-66.

    More about this item

    Keywords

    Axiomatic approach; Structural difference (similarity) index; Invariance of proportional sub-classification.;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General

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