MEASURING ROMANIAN DEVELOPMENT

Authors

  • Alexandru Bociu
  • Nicoleta-Claudia Moldovan
  • Iulia Para

Keywords:

Composite indices, Development, Performance, Principal Component Analysis, Romania

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.

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Published

15.08.2018

Issue

Vol. 7 No. 3 (2018)

Section

Business Economics, Sustainable Development, Public Administration and Law

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