The measurement of structural differences between economies: An axiomatic characterization

Yew-Kwang Ng () and Guang-Zhen Sun

Economic Theory, 2000, vol. 16, issue 2, 313-321

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: Axiomatic approach; Structural difference (similarity) index; Invariance of proportional sub-classification. (search for similar items in EconPapers)
JEL-codes: C40 C43 (search for similar items in EconPapers)
Date: 2000-07-14
Note: Received: September 3, 1999; revised version: November 9, 1999
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Citations: View citations in EconPapers (5)

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