A new taxonomy of country performance and risk based on economic and technological indicators

Mario Coccia ()
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Mario Coccia: National Research Council of Italy and Max Planck Institute of Economics, http://www.ceris.cnr.it/Coccia.htm

Journal of Applied Economics, 2007, vol. X, pages 29-42

Abstract: This paper proposes a new taxonomy for countries based on principal component analysis. The paper investigates 51 countries using a set of 13 indicators of economic and technological performance for the period 2000-2002. The methodology reduces the variables and groups the countries that show similar strategic behaviour in the global market. The taxonomy facilitates the identification of country performance and risk, and provides relevant information both to international investors and to policy-makers, who must decide about global investment strategies and economic policies.

Keywords: comparative country analysis; multivariate analysis; country taxonomy; countrymetrics (search for similar items in EconPapers)
JEL-codes: C00 E30 O11 O57 (search for similar items in EconPapers)

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