IDEAS home Printed from https://ideas.repec.org/p/wse/wpaper/62.html
   My bibliography  Save this paper

Information content of survey data: applications of entropy and dissimilarity measures

Author

Listed:
  • Emilia Tomczyk

    (Warsaw School of Economics)

Abstract

This paper evaluates information content of survey data by the means of entropy and dissimilarity measures. Similarities between a priori information (expectations) and a posteriori information (realizations) are assessed for four variables originating from Polish business tendency survey and analyzed across two ownership sectors and four size categories. The measures employed include Shannon empirical entropy, Kullback-Leibler relative entropy, and Chomatowski-Soko³owski dissimilarity coefficient. Results of empirical analysis allow to conclude that enterprise size does not significantly affect entropy values even though some size effects are observed in case of production and general business conditions variables. Public and private enterprises are not differentiated by interpretation of expectations horizon and therefore can be studied on the aggregated level without loss of important information on forecast horizon patterns. Additionally, previous findings (see E. Tomczyk, 2011) are generally confirmed on longer sample. Production time series are found to be characterized by the highest entropy, and prices data – the lowest; entropy of production is also found to be the least variable. In public enterprises, concentration of answers to the survey questions is higher and also more variable than in private sector.

Suggested Citation

  • Emilia Tomczyk, 2012. "Information content of survey data: applications of entropy and dissimilarity measures," Working Papers 62, Department of Applied Econometrics, Warsaw School of Economics.
    • Handle: RePEc:wse:wpaper:62
    as

    Download full text from publisher

    File URL: http://kolegia.sgh.waw.pl/pl/KAE/struktura/IE/struktura/ZES/Documents/Working_Papers/aewp03-12.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    2. Emilia Tomczyk, 2010. "Application of measures of entropy, information content and dissimilarity of structures to business tendency survey data," Working Papers 47, Department of Applied Econometrics, Warsaw School of Economics.
    3. Sen, Amartya, 1997. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198292975.
    4. Koen Frenken & Alessandro Nuvolari, 2004. "Entropy statistics as a framework to analyse technological evolution," Chapters, in: John Foster & Werner Hölzl (ed.), Applied Evolutionary Economics and Complex Systems, chapter 5, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. White, Thomas J., 2007. "Sharing resources: The global distribution of the Ecological Footprint," Ecological Economics, Elsevier, vol. 64(2), pages 402-410, December.
    2. Sylvie Ferrari & Alexandre Berthe, 2012. "Ecological inequalities: how to link unequal access to the environment with theories of justice?," Post-Print hal-00799045, HAL.
    3. Schlör, Holger & Fischer, Wolfgang & Hake, Jürgen-Friedrich, 2012. "Measuring social welfare, energy and inequality in Germany," Applied Energy, Elsevier, vol. 97(C), pages 135-142.
    4. Schlör, Holger & Fischer, Wolfgang & Hake, Jürgen-Friedrich, 2013. "Sustainable development, justice and the Atkinson index: Measuring the distributional effects of the German energy transition," Applied Energy, Elsevier, vol. 112(C), pages 1493-1499.
    5. Lie Ma & Qiu Xie & Shiying Shi & Xiaosu Ye & Aifeng Zhao, 2017. "Regional Maldistribution of China’s Hospitals Based on Their Structural System," Sustainability, MDPI, vol. 9(6), pages 1-18, June.
    6. Lie Ma & Dandan Li & Xiaobo Tao & Haifeng Dong & Bei He & Xiaosu Ye, 2017. "Inequality, Bi-Polarization and Mobility of Urban Infrastructure Investment in China’s Urban System," Sustainability, MDPI, vol. 9(9), pages 1-19, September.
    7. Manoj Panda & Abhishek Kumar & William Joe, 2024. "Growth Matters? Revisiting the Enigma of Child Undernutrition in India," India Studies in Business and Economics, in: Probal Pratap Ghosh & Rajbans Talwar & Sureshbabu Syamasundar Velagapudi (ed.), Practical Economic Analysis and Computation, pages 285-307, Springer.
    8. CHEN, Helen S.Y., 2020. "Designing Sustainable Humanitarian Supply Chains," OSF Preprints m82ar, Center for Open Science.
    9. Denise Ravet, 2011. "Lean production: the link between supply chain and sustainable development in an international environment," Post-Print hal-00691666, HAL.
    10. Mara Del Baldo, 2012. "Corporate social responsibility and corporate governance in Italian SMEs: the experience of some “spirited businesses”," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(1), pages 1-36, February.
    11. Michael Howes & Liana Wortley & Ruth Potts & Aysin Dedekorkut-Howes & Silvia Serrao-Neumann & Julie Davidson & Timothy Smith & Patrick Nunn, 2017. "Environmental Sustainability: A Case of Policy Implementation Failure?," Sustainability, MDPI, vol. 9(2), pages 1-17, January.
    12. Parnphumeesup, Piya & Kerr, Sandy A., 2011. "Stakeholder preferences towards the sustainable development of CDM projects: Lessons from biomass (rice husk) CDM project in Thailand," Energy Policy, Elsevier, vol. 39(6), pages 3591-3601, June.
    13. Chin-Shan Lu & Kuo-Chung Shang & Chi-Chang Lin, 2016. "Examining sustainability performance at ports: port managers’ perspectives on developing sustainable supply chains," Maritime Policy & Management, Taylor & Francis Journals, vol. 43(8), pages 909-927, November.
    14. Kebede, Yohannes, 1993. "The Limits to Common Resource Management: The Bypassed Commons or Commons without Tragedy," MPRA Paper 662, University Library of Munich, Germany, revised 01 May 1993.
    15. John Stanley & Janet Stanley, 2023. "Improving Appraisal Methodology for Land Use Transport Measures to Reduce Risk of Social Exclusion," Sustainability, MDPI, vol. 15(15), pages 1-18, August.
    16. Nora Mzavanadze, 2009. "Building A Framework For National Sustainable Development Assessment And Application For Lithuania: Sustainability In Transition," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 97-130.
    17. Pishchulov, Grigory & Trautrims, Alexander & Chesney, Thomas & Gold, Stefan & Schwab, Leila, 2019. "The Voting Analytic Hierarchy Process revisited: A revised method with application to sustainable supplier selection," International Journal of Production Economics, Elsevier, vol. 211(C), pages 166-179.
    18. Isin Ceti̇n, 2017. "Accounting Requirements And Records On Bank Subscribed Capital Compliance With European Directives," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 52-68, February.
    19. Andonie, Costel & Kuzmics, Christoph & Rogers, Brian W., 2019. "Efficiency-based measures of inequality," Journal of Mathematical Economics, Elsevier, vol. 85(C), pages 60-69.
    20. David Bravo & Dante Contreras & Sergio Urzúa, 2002. "Poverty and Inequality in Chile 1990-1998: Learning from Microeconomic Simulations," Working Papers wp198, University of Chile, Department of Economics.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wse:wpaper:62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marcin Owczarczuk The email address of this maintainer does not seem to be valid anymore. Please ask Marcin Owczarczuk to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/dxwawpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.