Publication detail

"Entropy" Interpretations of the Convergence Process in the EU

Author(s): doc. Ing. Tomáš Cahlík CSc.,
PhDr. Natálie Švarcová Ph.D.,
Type: Chapter in book
Year: 2008
Number: 0
ISSN / ISBN: 978-80-7378-039-9
Published in: Scasny,M.-Braun Kohlova, M. (eds.) Modelling of Consumer Behavior and Wealth Distribution
Publishing place: Matfyzpress Praha
Keywords: European Union, convergence, income inequality, Theil index, Shannon´s entropy concept, Boltzmann´s entropy concept, networks
JEL codes: A1, C0, F0
Suggested Citation:
Grants: 402/07/0890 GA CR (2007-2009): Network Approaches to Economic Modeling IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development
Abstract: In this paper, we calculate Theil index for a group of EU countries from 1950 to 2001 – it shows decrease of inequality among countries in that group, i.e. the convergence of GDPs/capita. We develop two “entropy” interpretations of this convergence process – the first one based on the Shannon´s entropy concept and the second one based on the Boltzmann´s entropy concept.

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