The Measurement of Structural Differences between Economies: An Axiomatic Characterization

Posted: 26 Jul 2001

See all articles by Guang-Zhen Sun

Guang-Zhen Sun

Monash University - Department of Economics; Max Planck Institute for Research Into Economic Systems

Yew-Kwang Ng

Monash University - Department of Economics

Multiple version iconThere are 2 versions of this paper

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.

Keywords and Phrases: Axiomatic approach, Structural difference (similarity) index, Invariance of proportional sub-classification.

JEL Classification: C40, C43

Suggested Citation

Sun, Guang-Zhen and Ng, Yew-Kwang, The Measurement of Structural Differences between Economies: An Axiomatic Characterization. Available at SSRN: https://ssrn.com/abstract=236666

Guang-Zhen Sun (Contact Author)

Monash University - Department of Economics ( email )

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Clayton, Victoria 3
Australia
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Max Planck Institute for Research Into Economic Systems

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Yew-Kwang Ng

Monash University - Department of Economics ( email )

Wellington Road
Clayton, Victoria 3
Australia
+61 3 9905 2309 (Phone)
+61 3 9905 5476 (Fax)

HOME PAGE: http://www-personal.buseco.monash.edu.au/~kwangng

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