A New Multidimensional Measure of Development: The Role of Technology and Institutions

Volume: 131, Issue: 1, Pages: 65 - 92
Published: Oct 13, 2015
Abstract
This paper constructs four structural indices by using 42 socioeconomic variables for 129 countries and the 10 years period from 2003 to 2012. Each structural index can be considered as a measure of a certain dimension of development. The first two indices are the most useful in explaining gaps in development across countries. The first captures the role of technology and institutional quality while the second provides a measure of the basic...
Paper Details
Title
A New Multidimensional Measure of Development: The Role of Technology and Institutions
Published Date
Oct 13, 2015
Volume
131
Issue
1
Pages
65 - 92
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