IDEAS home Printed from https://ideas.repec.org/a/rom/mancon/v14y2020i1p1053-1062.html
   My bibliography  Save this article

A Discriminant Analysis To The Quantification Of Human Development Index Under Economic Inequality

Author

Listed:
  • Irina GEORGESCU
  • Ane-Mari ANDRONICEANU
  • Jani KINNUNEN

Abstract

This paper is concerned with a quantitative approach to the determinants of human development index, namely GDP per capita, Net Income GINI index, Wealth GINI index and poverty rate. For year 2018 and 98 world countries we apply multiple discriminant analysis to predict four classes of human development index. The discriminant analysis achieved 83.7% accuracy for the discriminant model with unequal apriori probabilities. One conclusion of the model is that GDP per capita has no discriminating power in the model, overall. Another conclusion is that from three discriminant functions retained, the first one discriminates best.

Suggested Citation

  • Irina GEORGESCU & Ane-Mari ANDRONICEANU & Jani KINNUNEN, 2020. "A Discriminant Analysis To The Quantification Of Human Development Index Under Economic Inequality," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 1053-1062, November.
    • Handle: RePEc:rom:mancon:v:14:y:2020:i:1:p:1053-1062
    as

    Download full text from publisher

    File URL: https://conferinta.management.ase.ro/archives/2020/PDF/5_15.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jani KINNUNEN & Armenia ANDRONICEANU & Irina GEORGESCU, 2019. "The Role of Economic and Political Features in Classification of Countries-in-Transition by Human Development Index," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 23(4), pages 26-40.
    2. Irina Georgescu & Jani Kinnunen, 2019. "Well-Being and Economic Freedoms in OECD," Book chapters-LUMEN Proceedings, in: Camelia Ignatescu (ed.), 12th LUMEN International Scientific Conference Rethinking Social Action. Core Values in Practice | RSACVP 2019 | 15-17 May 2019 | Iasi – Romania, edition 1, volume 9, chapter 11, pages 108-125, Editura Lumen.
    3. Jaroslav BELAS & Iveta KMECOVA & Martin CEPEL, 2020. "Availability Of Human Capital And The Development Of The Public Infrastructure In The Context Of Business Activities Of Smes," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(34), pages 27-44, June.
    4. Kemal Dervis & Jeni Klugman, 2011. "Measuring human progress: the contribution of the Human Development Index and related indices," Revue d'économie politique, Dalloz, vol. 121(1), pages 73-92.
    5. Irina Georgescu & Jani Kinnunen, 2021. "The Digital Effectiveness on Economic Inequality: A Computational Approach," Springer Proceedings in Business and Economics, in: Alina Mihaela Dima & Fabrizio D'Ascenzo (ed.), Business Revolution in a Digital Era, pages 223-239, Springer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jani KINNUNEN & Irina GEORGESCU & Ane-Mari ANDRONICEANU, 2020. "Evaluating Governmental Responses To Covid-19 And The Implications For Tourism Industry," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 585-594, November.
    2. Agus SUBIANTO & H. MASHOED & Hari SUBAGIO & M. Yunus HARYADI, 2020. "Regional Intergovernmental Cooperation In Marine Natural Resources Policy In Indonesia," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(34), pages 97-117, June.
    3. Agnieszka PIWOWARCZYK, 2021. "Development Of Micro, Small And Medium-Sized Enterprises In Poland With The Support From Eu Funds," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 15(25), pages 16-23, February.
    4. Ane-Mari ANDRONICEANU & Jani KINNUNEN & Irina GEORGESCU, 2021. "Entrepreneurial Motivations To Start New Businesses: A Panel Data Analysis," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 479-491, November.
    5. Georgescu Irina & Androniceanu Ane-Mari & Kinnunen Jani & Drăgulănescu Irina Virginia, 2021. "Correlative approach to digitalization and economic growth," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 44-57, December.
    6. Géraldine Thiry, 2015. "Beyond GDP: Conceptual Grounds of Quantification. The Case of the Index of Economic Well-Being (IEWB)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 121(2), pages 313-343, April.
    7. Iryna TKACHUK & Olena VINNYCHUK, 2020. "Impact Of Specific Macroeconomic Indicators On The Formation Of Revenues Of Non-Governmental Organizations From Personal Contributions Of The Ukrainian Population," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(34), pages 64-77, June.
    8. Asadikia, Atie & Rajabifard, Abbas & Kalantari, Mohsen, 2021. "Systematic prioritisation of SDGs: Machine learning approach," World Development, Elsevier, vol. 140(C).
    9. Umar Mohammed, 2021. "Re-examining the Impact of Remittances on Human Development: Evidence from Sub-Saharan Africa," Scientia Moralitas Conference Proceedings 01237, Research Association for Interdisciplinary Studies.
    10. Biggeri, Mario & Clark, David A. & Ferrannini, Andrea & Mauro, Vincenzo, 2019. "Tracking the SDGs in an ‘integrated’ manner: A proposal for a new index to capture synergies and trade-offs between and within goals," World Development, Elsevier, vol. 122(C), pages 628-647.
    11. Ane-Mari Androniceanu & Irina Georgescu & Manuela Tvaronavičienė & Armenia Androniceanu, 2020. "Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0," Sustainability, MDPI, vol. 12(17), pages 1-20, August.
    12. Junko Mochizuki & Asjad Naqvi, 2019. "Reflecting Disaster Risk in Development Indicators," Sustainability, MDPI, vol. 11(4), pages 1-14, February.
    13. Mohsen Joshanloo & Veljko Jovanović & Tim Taylor, 2019. "A multidimensional understanding of prosperity and well-being at country level: Data-driven explorations," PLOS ONE, Public Library of Science, vol. 14(10), pages 1-31, October.
    14. Vincenzo Marinello & Chiara Di Puma, 2020. "The Human Development Index: a critical evaluation and a new proposal," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 74(2), pages 29-38, April-Jun.
    15. Wolf Rogowski & Wolfram Elsner, 2021. "How economics can help mitigate climate change - a critical review and conceptual analysis of economic paradigms," Bremen Papers on Economics & Innovation 2106, University of Bremen, Faculty of Business Studies and Economics.
    16. Irina KOSACH & Anastasiia DUKA & Grygoriy STARCHENKO & Olena MYHAYLOVSKA & Artur ZHAVORONOK, 2020. "Socio-Economic Viability Of Public Management In The Context Of European Integration Processes," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(35), pages 139-152, December.
    17. Nanik ISTIANINGSIH & Ariyanto MASNUN & Widya PRATIWI, 2020. "Managerial Performance Models Through Decision Making And Emotional Intelligence In Public Sector," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(35), pages 153-166, December.
    18. Li-Shiue Gau & Pham Thuy Duong & Jong-Chae Kim, 2022. "Parallel Leisure Sport Activities Diversity with Economic, Social and Human Development Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(3), pages 1403-1425, December.
    19. Jhonatan Clausen & Nicolas Barrantes, 2022. "Developing a Comprehensive Multidimensional Wellbeing Index Based on What People Value: An Application to a Middle-Income Country," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 17(6), pages 3253-3283, December.
    20. Anna BAGIROVA & Olga NOTMAN, 2020. "The Well-Being Of Residents In An Urban Environment: The Case Of A Russian Megapolis," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(35), pages 124-138, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:mancon:v:14:y:2020:i:1:p:1053-1062. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ciocoiu Nadia Carmen (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.