The Measurement of Structural Differences between Economies: An Axiomatic Characterization
Posted: 17 Feb 2000
How do you measure the structural similarity (difference) between economies? We follow an axiomatic approach in the paper answering this question. Our characterization of the measurement of structural difference between economies leads to some difference (similarity) index which is practically useful in empirical studies.
JEL Classification: C43, C40, D00
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