ECONOMIC INDICATORS AND HUMAN DEVELOPMENT INDEX

Ana-Maria Mihaela Iordache () and Ionela-Cătălina Zamfir
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Ana-Maria Mihaela Iordache: Romanian-American University, Bucharest, Romania
Ionela-Cătălina Zamfir: Bucharest University of Economic Studies, Bucharest, Romania

Journal of Information Systems & Operations Management, 2018, vol. 12, issue 2, 281-291

Abstract: Human Development Index (HDI) is a very interesting index that may show the development level of a country. A country that has a big HDI index and great life expectancy at birth should be a country with a developed economy, low unemployment rates, good import and export indicators and business-favorable economic environment. The main hypothesis tested in this paper is if there is a relation between HDI index and other type of mentioned indicators. Starting from the idea that in a cybernetic system, there is interdependence between all the events that take place. There are two types of analyses used to reduce the size of 22 variables from the dataset, while K-means and Ward's are used to classify the observations in four classes. A confusion matrix calculated between new classes (K-means algorithm) and known classes (from HDI index) confirm the tested hypothesis, with a certain "accuracy rate".

Date: 2018
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http://www.rebe.rau.ro/RePEc/rau/jisomg/Wi18/JISOM-WI18-A05.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:rau:jisomg:v:12:y:2018:i:2:p:281-291

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