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Entropy-Measures for International Trade

Kyösti Pulliainen
The Swedish Journal of Economics
Vol. 72, No. 1, Problems in International Trade (Jan., 1970), pp. 40-53
Published by: Wiley on behalf of Scandinavian Journal of Economics
DOI: 10.2307/3439040
Stable URL: http://www.jstor.org/stable/3439040
Page Count: 14
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Entropy-Measures for International Trade
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Abstract

Outlines for an information theoretic interpretation of international trade is given in this paper. The interpretation is based on the analogy between the symbols sent and received in a communication system and the commodities exported and imported in international trade. This interpretation gives some entropy-measures for international trade. The usefulness of these measures is discussed by way of a simple example.

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