An analysis on economic opportunity
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
Original language | English |
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Pages (from-to) | 4060-4074 |
Journal / Publication | Applied Economics |
Volume | 46 |
Issue number | 33 |
Online published | 22 Aug 2014 |
Publication status | Published - 2014 |
Link(s)
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 journal › peer-review