Globalization — Entropy unification through the Theil index

Entropy correlation distance method. The Euro introduction effect on the Consumer Price Index

“…The data are obtained from the OECD web page. 1 The description of the methodology of the data acquiring as well as the CPI construction are available at OECD web page. 2 Despite the controversy on CPI [5][6][7][8][9] it is a powerful measure allowing the analysis and comparison of state and economy prospectives e.g.…”

“…Existence of correlations between evolution of developments of the leading European countries have been shown [1][2][3]. However in previous investigation the type of correlation was not verified.…”

Relationship between Entropy, Corporate Entrepreneurship and Organizational Capabilities in Romanian Medium Sized Enterprises

“…In other words, entropy is an index to measure the uncertainty that is expressed by a probability distribution [4]. Recent studies [5][6][7] link entropy with economic activities. These studies have shifted the attention from one way analysis to a multidisciplinary approach based on Econophysics [8].…”

Cross-Correlations of the Forex Market Using Power Law Classification Scheme Picture

“…Globalization of the world economy does not only stimulate the economic growth [1], improve food security and resource sustainability [2], and obviously influence politics [3], but also results in increase of cross-correlation among financial time series [4][5][6][7]. The growth of mutual dependences among various entities (firms, companies, bonds, shares, currencies, etc.)…”

“…The second group of methods are the algorithms originated in DFA such that MF-CCA [8,16]. The third set, very promising, are the Manhattan distance based algorithms -the entropy analysis [6,7] and the power low classification scheme (PLCS) [11,12,17,18]. The later method allows measuring the strength and stability of correlations.…”