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proposes a simultaneous equation model based on the entropy econometrics estimator for recovering some key industrial subsector …
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Assuming the existence of Hegel‟s consistent overall picture of the concept of entropy, the author transfers the physical term of entropy into economics and sociology and illuminates the relevance of second law of thermodynamics within both disciplines. Basis of translation is the present...
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The entropy concept was developed and used by Shannon in 1940 as a measure of uncertainty in the context of information theory. In 1957 Jaynes made use of Shannon's entropy concept as a basis for estimation and inference in problems that are ill-suited for traditional statistical procedures....
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