AN APPLICATION OF PRINCIPAL COMPONENT ANALYSIS TO INTERNATIONAL COMPARISON OF ECONOMIC ACTIVITIES

Verenikin, A.; Verenikina, A.

Авторы: Verenikin Alexei, Verenikina Anna
Сборник: 12TH INTERNATIONAL DAYS OF STATISTICS AND ECONOMICS
Год издания: 2018
Место издания: Prague, CZECH REPUBLIC
Первая страница: 1830
Последняя страница: 1841
Аннотация: There is an acute need for a suitable composite measure of national economic performance insensitive to subjective preferences of different attributes of a multidimensional social pattern. The question is how to aggregate partial measures using appropriate weighting coefficients that will not rely on subjective judgments concerning their relative significance. In line with a number of studies we propose a rather simple but comprehensive approach based on principal component analysis widely used in multidimensional statistics. Though the first principal component or the set of principal components are known to be used as an aggregate economic indicator, this approach usually implies significant loss in variance of initial factors. However, we argue that the problem has a rather straightforward solution. The whole set of principal components weighted by the corresponding proportions of explained variance can serve as a universal "natural" aggregate measure of various types of economic activities. The proposed methodology is applied to evaluate the national competitiveness and to build the corresponding ranking of the countries in Eurasian region.
Добавил в систему: Вереникин Алексей Олегович

	ИСТИНА	Войти в систему Регистрация
	Интеллектуальная Система Тематического Исследования НАукометрических данных
	Главная Поиск Статистика О проекте Помощь

ИСТИНА

Интеллектуальная Система Тематического Исследования НАукометрических данных

AN APPLICATION OF PRINCIPAL COMPONENT ANALYSIS TO INTERNATIONAL COMPARISON OF ECONOMIC ACTIVITIESстатья Электронная публикация Исследовательская статья

Прикрепленные файлы