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On Exact Statistical Properties of Multidimensional Indices Based on Principal Components, Factor Analysis, MIMIC and Structural Equation Models

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  • Jaya Krishnakumar
  • A. Nagar

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  • Jaya Krishnakumar & A. Nagar, 2008. "On Exact Statistical Properties of Multidimensional Indices Based on Principal Components, Factor Analysis, MIMIC and Structural Equation Models," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 86(3), pages 481-496, May.
  • Handle: RePEc:spr:soinre:v:86:y:2008:i:3:p:481-496
    DOI: 10.1007/s11205-007-9181-8
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    References listed on IDEAS

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    1. Stephen Klasen, 2000. "Measuring Poverty And Deprivation In South Africa," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(1), pages 33-58, March.
    2. Jaya Krishnakumar, 2007. "Going Beyond Functionings to Capabilities: An Econometric Model to Explain and Estimate Capabilities," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 8(1), pages 39-63.
    3. Ram, Rati, 1982. "Composite indices of physical quality of life, basic needs fulfilment, and income : A principal component representation," Journal of Development Economics, Elsevier, vol. 11(2), pages 227-247, October.
    4. Basudeb Biswas & Frank Caliendo, 2002. "A Multivariate Analysis of the Human Development Index," Working Papers 2002-11, Utah State University, Department of Economics.
    5. White, Halbert, 1982. "Maximum Likelihood Estimation of Misspecified Models," Econometrica, Econometric Society, vol. 50(1), pages 1-25, January.
    6. Slottje, Daniel J, 1991. "Measuring the Quality of Life across Countries," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 684-693, November.
    7. Tauhidur Rahman & Ron C. Mittelhammer & Philip Wandschneider, 2005. "Measuring the Quality of Life Across Countries: a Sensitivity Analysis of Well-Being Indices," WIDER Working Paper Series RP2005-06, World Institute for Development Economic Research (UNU-WIDER).
    8. Krishnakumar, Jaya & Ballon, Paola, 2008. "Estimating Basic Capabilities: A Structural Equation Model Applied to Bolivia," World Development, Elsevier, vol. 36(6), pages 992-1010, June.
    9. Maasoumi, Esfandiar & Nickelsburg, Gerald, 1988. "Multivariate Measures of Well-Being and an Analysis of Inequality in the Michigan Data," Journal of Business & Economic Statistics, American Statistical Association, vol. 6(3), pages 326-334, July.
    10. Udaya Wagle, 2005. "Multidimensional Poverty Measurement with Economic Well-being, Capability, and Social Inclusion: A Case from Kathmandu, Nepal," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 6(3), pages 301-328.
    11. Maria Laura Di Tommaso, 2006. "Measuring the well being of children using a capability approach An application to Indian data," CHILD Working Papers wp05_06, CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Principal components; Factor analysis; Structural equation models; Latent variables; Human development; C3; C43; I32; O15;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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