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Full-Text Articles in Social and Behavioral Sciences
Entropy Measure In Input-Output Analysis, Martin Zwick, Abbas Heiat
Entropy Measure In Input-Output Analysis, Martin Zwick, Abbas Heiat
Systems Science Faculty Publications and Presentations
Applications of Shannon's entropy measure to the matrices of technical and interdependence coefficients, to the final demand vector, and to other aspects of input- output tables are proposed. These entropy measures serve as indices of different types of economic diversity. The relevance of such indices for economic planning and for analyses of economic structural complexity and development is discussed.