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This paper uses mixed combinatorial-cum-real particle swarm method to obtain a heuristically optimal order in which the constituent variables can be arranged so as to yield some generalized maximum entropy synthetic indicators that represent the constituent variables in the best...
Persistent link: https://www.econbiz.de/10013108197
Pena's method of construction of a synthetic indicator is very sensitive to the order in which the constituent variables (whose linear aggregation yields the synthetic indicator) are arranged. Due to this, Pena's method can at present give only an arbitrary synthetic indicator whose...
Persistent link: https://www.econbiz.de/10013108575
This paper constructs composite indices of globalization of 131 countries spread over the five continents and … Institute of Technology, Zurich is the source of data used in this study. The Composite Indices of Globalization have been … computed by Pena's method, which attributes the most desirable properties to the indices so constructed. On the basis of these …
Persistent link: https://www.econbiz.de/10013065266
In this paper we construct thirteen different types of composite indices by linear combination of indicator variables … sum of squared (and, alternatively, absolute) correlation coefficients of the composite indices with the constituent …, Campbell and modified Campbell. Composite indices have also been constructed by maximization of the minimal correlation. We …
Persistent link: https://www.econbiz.de/10012724003
Persistent link: https://www.econbiz.de/10012726515
investigate if numerical dominance of a community leads to socio-economic dominance. We have constructed two composite indices of …
Persistent link: https://www.econbiz.de/10012729947
Construction of (composite) indices by the PCA is very common, but this method has a preference for highly correlated …-evolved system. In this paper we consider three alternative indices that determine weights given to different constituent variables … on the principles different from the PCA. Two of the proposed indices, the one that maximizes the sum of absolute …
Persistent link: https://www.econbiz.de/10012729967
. We observe, therefore, that globalization index is moving well with the indices of socio-economic condition in the Asian …
Persistent link: https://www.econbiz.de/10012943204
This paper is an exercise in construction of an alternative globalization index for 43 countries in Africa. It has used a new method for measurement of the degree of globalization (or construction of a globalization index) based on minimization of the Euclidean norm of the Shapley values, the...
Persistent link: https://www.econbiz.de/10012943775
This short note proposes working out of the standard errors of estimate of composite indices when they are constructed …
Persistent link: https://www.econbiz.de/10012944216