7/25/2019 A Note on the Balassa Index VCR

1/37

7/25/2019 A Note on the Balassa Index VCR

2/37

7/25/2019 A Note on the Balassa Index VCR

3/37

7/25/2019 A Note on the Balassa Index VCR

4/37

7/25/2019 A Note on the Balassa Index VCR

5/37

7/25/2019 A Note on the Balassa Index VCR

6/37

7/25/2019 A Note on the Balassa Index VCR

7/37

7/25/2019 A Note on the Balassa Index VCR

8/37

7/25/2019 A Note on the Balassa Index VCR

9/37

7/25/2019 A Note on the Balassa Index VCR

10/37

BIProbabilityDens

ityFunction-

Italy

0.0

0

0.0

2

0.0

4

0.0

6

0.0

8

0.1

0

0.1

2

0.00

0.02

0.03

0.05

0.07

0.11

0.17

0.25

0.37

0.55

0.82

1.22

1.82

2.72

4.06

6.05

9.03

13.46

1986

1996

BIProbabilityDensityFunction-

France

0.0

0

0.0

2

0.0

4

0.0

6

0.0

8

0.1

0

0.1

2

0.1

4

0.1

6

0.00

0.02

0.03

0.05

0.07

0.11

0.17

0.25

0.37

0.55

0.82

1.22

1.82

2.72

4.06

6.05

9.03

13.46

1986

1996

BIProbabilitiyDensity

Function-

Germany

0.0

0

0.0

2

0.0

4

0.0

6

0.0

8

0.1

0

0.1

2

0.00

0.02

0.03

0.05

0.07

0.11

0.17

0.25

0.37

0.55

0.82

1.22

1.82

2.72

4.06

6.05

9.03

13.46

1986

1996

BIProbabilitiyDensityFunction-

Japan

0.00

0.01

0.02

0.03

0.04

0.05

0.06

0.07

0.08

0.09

0.10

0.00

0.02

0.03

0.05

0.07

0.11

0.17

0.25

0.37

0.55

0.82

1.22

1.82

2.72

4.06

6.05

9.03

13.46

1986

1996

7/25/2019 A Note on the Balassa Index VCR

11/37

7/25/2019 A Note on the Balassa Index VCR

12/37

7/25/2019 A Note on the Balassa Index VCR

13/37

7/25/2019 A Note on the Balassa Index VCR

14/37

7/25/2019 A Note on the Balassa Index VCR

15/37

7/25/2019 A Note on the Balassa Index VCR

16/37

7/25/2019 A Note on the Balassa Index VCR

17/37

Balassa

P-R

0 1

0 1

x x x x x x x x

x x x x x x x x

x x x x x x x x

x x x x x x x x

x x x x x x x x

Balassa

P-R

0 1

0 1

x x x x x x x

x x x x x x x

x x x x x x x

x x x x x x x x

x x x x x x x x

1/

1/

7/25/2019 A Note on the Balassa Index VCR

18/37

7/25/2019 A Note on the Balassa Index VCR

19/37

7/25/2019 A Note on the Balassa Index VCR

20/37

7/25/2019 A Note on the Balassa Index VCR

21/37

-8

-6

-4

-2

0

2

0

0,0

40,1

0,1

8

0,2

5

0,3

5

0,4

3

0,4

8

0,5

3

0,6

1

0,6

8

0,7

9

0,8

8

0,9

5

1,0

5

1,1

3

1,2

3

1,3

6

1,5

21,7

2,0

22,3

2,6

9

3,5

7

7,7

7

Ln-Laursen 2 digits

Ln-Laursen 4 digits

BI =1

7/25/2019 A Note on the Balassa Index VCR

22/37

7/25/2019 A Note on the Balassa Index VCR

23/37

7/25/2019 A Note on the Balassa Index VCR

24/37

7/25/2019 A Note on the Balassa Index VCR

25/37

7/25/2019 A Note on the Balassa Index VCR

26/37

7/25/2019 A Note on the Balassa Index VCR

27/37

7/25/2019 A Note on the Balassa Index VCR

28/37

Italy(1986 [black] - 1996 [grey])

0.00

0.20

0.40

0.60

0.80

1.00

0.00 0.20 0.40 0.60 0.80 1.00

Cumulate Xw s/ Xw

CumulateXcs/Xc

France(1986 [black] - 1996 [grey])

0.00

0.20

0.40

0.60

0.80

1.00

0.00 0.20 0.40 0.60 0.80 1.00

Cumulate Xw s/ Xw

CumulateXcs/Xc

Germany(1986 [black] - 1996 [grey])

0.00

0.20

0.40

0.60

0.80

1.00

0.00 0.20 0.40 0.60 0.80 1.00

Cumulate Xw s/ Xw

CumulateXcs/Xc

Japan(1986 [black] - 1996 [grey])

0.00

0.20

0.40

0.60

0.80

1.00

0.00 0.20 0.40 0.60 0.80 1.00

Cumulate Xw s/ Xw

CumulateXcs/Xc

7/25/2019 A Note on the Balassa Index VCR

29/37

7/25/2019 A Note on the Balassa Index VCR

30/37

7/25/2019 A Note on the Balassa Index VCR

31/37

7/25/2019 A Note on the Balassa Index VCR

32/37

7/25/2019 A Note on the Balassa Index VCR

33/37

7/25/2019 A Note on the Balassa Index VCR

34/37

7/25/2019 A Note on the Balassa Index VCR

35/37

7/25/2019 A Note on the Balassa Index VCR

36/37

7/25/2019 A Note on the Balassa Index VCR

37/37