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A new taxonomy of country performance and risk based on economic and technological indicators

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Author Info
Mario Coccia () (National Research Council of Italy and Max Planck Institute of Economics)
Abstract

This paper proposes a new taxonomy for countries based on principal component analysis. The paper investigates 51 countries using a set of 13 indicators of economic and technological performance for the period 2000-2002. The methodology reduces the variables and groups the countries that show similar strategic behaviour in the global market. The taxonomy facilitates the identification of country performance and risk, and provides relevant information both to international investors and to policy-makers, who must decide about global investment strategies and economic policies.

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File URL: http://www4.cema.edu.ar/pjae/m/149Coccia200705
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Publisher Info
Article provided by Universidad del CEMA in its journal Journal of Applied Economics.

Volume (Year): X (2007)
Issue (Month): (May)
Pages: 29-42
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Handle: RePEc:cem:jaecon:v:10:y:2007:n:1:p:29-42

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Related research
Keywords: comparative country analysis; multivariate analysis; country taxonomy; countrymetrics;

Find related papers by JEL classification:
C00 - Mathematical and Quantitative Methods - - General - - - General
E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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This page was last updated on 2009-11-30.

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