Entropy Assessment of the State of Trade Balance

Bakurova Anna V. ()
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Bakurova Anna V.: Classic Private University

Business Inform, 2013, issue 4, 138_141

Abstract: The article offers to use entropy indicators along with traditional statistical methods for assessment of the level of diversification of geographic and specific structure of foreign economic turnover of goods and services. Application of the method is useful for identification of unused potential in two-sided relations in the market of goods and services, for increase of their diversity and strengthening their viability.

Keywords: entropy; level of export diversification; geographic structure; two-sided trade relations; trade balance (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:idp:bizinf:y:2013:i:4:p:138_141

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