"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. |
