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Study of welfare indicators by federal entity in Mexico using principal component analysis

Author

Listed:
  • Iñigo Aranzábal Martín

    (Universidad Anáhuac México)

  • Carlos Carredano

    (Universidad Anáhuac México)

  • Hugo Alexer Pérez Vicente

    (Universidad Anáhuac México)

Abstract

The quality of life in a country is debatable, and controversial study has been given the different perspectives of measurement for many years. In this paper a study on living standards by state in Mexico is presented. The importance lies in the interest of proposing a methodology that points to the proper establishment of strategies to improve the welfare of people’s lives. For it has been raised using the technique of principal component analysis to describe the pattern in the variables considered and that are directly related to the quality of life in a certain State in Mexico. The preliminary results and conclusions will let us know what and at what level these characteristics are related.

Suggested Citation

  • Iñigo Aranzábal Martín & Carlos Carredano & Hugo Alexer Pérez Vicente, 2016. "Study of welfare indicators by federal entity in Mexico using principal component analysis," The Anahuac Journal, Business and Economics School. Anahuac University (Mexico)., vol. 16(1), pages 25-45, June.
  • Handle: RePEc:amj:journl:v:16:y:2016:i:1:p:25-45
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    File URL: http://revistas.anahuac.mx/the_anahuac_journal/article/view/131/80
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    More about this item

    Keywords

    Principal Component Analysis (PCA); Quality of Life; Linear Correlation; Normality Test.;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

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