An analysis on economic opportunity

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

2 Scopus Citations
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Author(s)

  • Kui-Wai Li

Related Research Unit(s)

Detail(s)

Original languageEnglish
Pages (from-to)4060-4074
Journal / PublicationApplied Economics
Volume46
Issue number33
Online published22 Aug 2014
Publication statusPublished - 2014

Abstract

Although economic opportunity is considered as a latent variable, it can serve as another factor in promoting growth and development. Through the construction of an economic opportunity index, this article identifies the extensity and intensity channels through which economic opportunity is created. Data on 24 variables for 184 world economies for the period 2000 to 2010 are collected for the empirical analysis. The methodology involves the use of principal component analysis in constructing three indices for the parametric and nonparametric regression analyses. The country sample is divided into OECD and non-OECD economies so as to examine their different performances. Extensity seems to be the more important channel to all economies, but for non-OECD economies, a higher performance in intensity can enrich the effect of extensity on economic opportunity.

Research Area(s)

  • economic opportunity, extensity, intensity, world economy

Citation Format(s)

An analysis on economic opportunity. / Li, Kui-Wai.

In: Applied Economics, Vol. 46, No. 33, 2014, p. 4060-4074.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review