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Using Spatial Factor Analysis to Measure Human Development

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NBER2017-10-01 更新2025-01-04 收录
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We propose a Bayesian factor analysis model as an alternative to the Human Development Index (HDI). Our model provides methodology which can either augment or build additional indices. In addition to addressing potential issues of the HDI, we estimate human development with three auxiliary variables

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2017-10-01
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