Resilience Analysis of the 2008 Economic Crisis Using Entropic Measures

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F18%3A39913395" target="_blank" >RIV/00216275:25410/18:39913395 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.5171/2018.422299" target="_blank" >http://dx.doi.org/10.5171/2018.422299</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5171/2018.422299" target="_blank" >10.5171/2018.422299</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Resilience Analysis of the 2008 Economic Crisis Using Entropic Measures

Popis výsledku v původním jazyce

This paper deals with the analysis of employment data of the 2008 economic crises. The analyses are done by using entropy measures that can help with predicting regional employment dynamics. Our finding suggests that the Shannon entropy and Tsallis entropy are significant predictor for the size of the employment downturn. The Rényi entropy is also useful predictor of the rate of employment downturn in recession phase. When the Shannon entropy was growing through the recovery phase before the crisis, regions experience a higher rate of employment decrease in the following recession period and high Shannon entropy infer the smaller employment downturn The results indicate the different role of the Tsallis entropy that plays a different role in comparison to Shannon entropy. The higher the Tsallis entropy, the more severally the region was affected. In conclusion, the use of entropic measures as resilience indicators in terms of regional policy is a significant predictor of regional resilience.

Název v anglickém jazyce

Resilience Analysis of the 2008 Economic Crisis Using Entropic Measures

Popis výsledku anglicky

This paper deals with the analysis of employment data of the 2008 economic crises. The analyses are done by using entropy measures that can help with predicting regional employment dynamics. Our finding suggests that the Shannon entropy and Tsallis entropy are significant predictor for the size of the employment downturn. The Rényi entropy is also useful predictor of the rate of employment downturn in recession phase. When the Shannon entropy was growing through the recovery phase before the crisis, regions experience a higher rate of employment decrease in the following recession period and high Shannon entropy infer the smaller employment downturn The results indicate the different role of the Tsallis entropy that plays a different role in comparison to Shannon entropy. The higher the Tsallis entropy, the more severally the region was affected. In conclusion, the use of entropic measures as resilience indicators in terms of regional policy is a significant predictor of regional resilience.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Economics Studies and Research

ISSN

2165-9966

e-ISSN

—

Svazek periodika

2018

Číslo periodika v rámci svazku

2018

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

14

Strana od-do

1-14

Kód UT WoS článku

—

EID výsledku v databázi Scopus

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