MEASURING ROMANIAN DEVELOPMENT
MEASURING ROMANIAN DEVELOPMENT
Author(s): Alexandru Bociu, Nicoleta-Claudia Moldovan, Iulia ParaSubject(s): National Economy, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: Asociaţia de Cooperare Cultural-Educaţională Suceava
Keywords: Composite indices; Development; Performance; Principal Component Analysis; Romania;
Summary/Abstract: The present paper analyses the evolution of the degree of development in Romania, between 1991 and 2014, using composite indices and taking into account 16 sub-indicators. Identifying suitable methodologies for measuring development is an important empirical issue. In order to perform a more complex analysis of development, we use the aggregation process through Principal Component Analysis, being the most advanced and used methodology for composite index determination. The result of the empirical analysis reveals an involution of the degree of development in Romania.
Journal: Ecoforum
- Issue Year: 7/2018
- Issue No: 3
- Page Range: 0-0
- Page Count: 7
- Language: English