The distance-based approach to the quantification of the world convergences and imbalances - comparisons across countries and factors

Horvath, Denis and Sulikova, Veronika and Gazda, Vladimir and Sinicakova, Marianna (2013): The distance-based approach to the quantification of the world convergences and imbalances - comparisons across countries and factors.

Abstract

The paper presents a general empirical method of distance-based multifaceted systematic identifying of the positions of countries in relation to inequalities and imbalances. In order to understand the world economic relations in their entirety, we decided to analyze twelve most populous countries and eleven macroeconomic, environmental and demographic indicators relevant to them. Our analysis covering the period 1992-2008 attempts to identify core parts of the global economic system and countries that pose a potential risk of instability.

• Item Type: MPRA Paper
• Language: English
• Keywords: global imbalances, convergences, distance-based methodology, complex dynamics, world economy
• Subjects: C - Mathematical and Quantitative Methods > C0 - General > C00 - General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C19 - Other; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C65 - Miscellaneous Mathematical Tools; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C80 - General; E - Macroeconomics and Monetary Economics > E0 - General; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; F - International Economics > F6 - Economic Impacts of Globalization; F - International Economics > F6 - Economic Impacts of Globalization > F62 - Macroeconomic Impacts; F - International Economics > F6 - Economic Impacts of Globalization > F64 - Environment

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