The measurement of structural differences between economies: An axiomatic characterization |
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| Authors: | Guang-Zhen Sun and Yew-Kwang Ng |
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| Institution: | (1) Department of Economics, Monash University, Clayton, Victoria 3168, AUSTRALIA (e-mail: kwang.ng@buseco.monash.edu.au) , AU;(2) Max Planck Institute for Research into Economic Systems, Kahlaische Strasse 10,07745 Jena, GERMANY (e-mail: sun@mpiew-jena.mpg.de) , DE |
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| Abstract: | Summary. 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.
Received: September 3, 1999; revised version: November 9, 1999 |
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| Keywords: | and Phrases:Axiomatic approach Structural difference (similarity) index Invariance of proportional sub-classification |
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