Determinants of the Levels of Development Based on the Human Development Index:Bayesian Ordered Probit Model

<p>The aim of the paper is to determine the factors affecting the economic development levels of selected countries using bayesian ordered probit model.  For this aim, Human Development Indices of 130 countries are involved in the analysis with respect to seven independent variables for the pe...

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Bibliographic Details
Main Authors: Ebru Çağlayan-Akay, Muhammed H. Van
Format: Article
Language:English
Published: EconJournals 2017-10-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/5271