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A Novel Methodology for Comparisons in Time and Space

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  • Sicherl, Pavle

    (SICENTER and University of Ljubljana, Socio-Economic Indicators Center)

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    Abstract

    In economics, politics, business and statistics time distance concept can provide new insights from existing data. A novel statistical measure S-distance (expressed in time) is generalised to complement conventional static measures in time series comparisons, regressions, models, forecasting and monitoring. The examples focus on disparities in GDP per capita for EU regions and countries, and selected transition countries. The broader analysis in two dimensions leads to a comprehensive definition of convergence, new hypotheses and policy conclusions. For cohesion in the EU it is important also how fast and not only how much faster the less developed units grow.

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    File URL: http://www.ihs.ac.at/publications/eco/east/ro-45.pdf
    File Function: First version, 1997
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    Bibliographic Info

    Paper provided by Institute for Advanced Studies in its series East European Series with number 45.

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    Length: 53 pages
    Date of creation: Sep 1997
    Date of revision:
    Handle: RePEc:ihs:ihsrop:45

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    Related research

    Keywords: Time Distance; S-Distance; Cohesion in the EU; Convergence; Disparities in GDP per Capita in the EU; Proximity in Time and Proximity in Indicator Space; Overall Degree of Disparity;

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