"On Measuring Economic Diversification": Reply

Abstract

Professors Wasylenko and Erickson's comment on our article regarding the measurement of economic diversification [Hackbart and Anderson 1975] focuses on two issues: (1) that the entropy measure yields diversity rankings for regional economies that are almost identical to those derived with the ogive index, and (2) that the entropy measure is an inadequate measure for examining industrial diversity either among regions or for a particular region over a period of time. Concerning the first issue, Wasylenko and Erickson indicate that: The