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A Novel Methodology for Comparisons in Time and Space

Author

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  • Sicherl, Pavle

    (SICENTER and University of Ljubljana, Socio-Economic Indicators Center)

Abstract

In economics, politics, business and statistics time distance concept can provide new insights from existing data. A novel statistical measure S-distance (expressed in time) is generalised to complement conventional static measures in time series comparisons, regressions, models, forecasting and monitoring. The examples focus on disparities in GDP per capita for EU regions and countries, and selected transition countries. The broader analysis in two dimensions leads to a comprehensive definition of convergence, new hypotheses and policy conclusions. For cohesion in the EU it is important also how fast and not only how much faster the less developed units grow.

Suggested Citation

  • Sicherl, Pavle, 1997. "A Novel Methodology for Comparisons in Time and Space," East European Series 45, Institute for Advanced Studies.
    • Handle: RePEc:ihs:ihsrop:45
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    Download full text from publisher

    File URL: http://www.ihs.ac.at/publications/eco/east/ro-45.pdf
    File Function: First version, 1997
    Download Restriction: no
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    More about this item

    Keywords

    Time Distance; S-Distance; Cohesion in the EU; Convergence; Disparities in GDP per Capita in the EU; Proximity in Time and Proximity in Indicator Space; Overall Degree of Disparity;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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