Jaya Krishnakumar|A. L. Nagar
On Exact Statistical Properties of Multidimensional Indices Based on Principal Components, Factor Analysis, MIMIC and Structural Equation Models
University of Geneva|National Institute of Public Finance and Policy
recent empirical literature seen many multidimensional indices emerge wellbeing poverty measures particular indices derived principal components various latent variable models though indices increasingly widely employed studies motivate use report standard errors confidence intervals associated estimators paper reviews different underlying models reaffirms appropriateness context examines statistical properties resulting indices gives analytical expressions variances establishes certain exact relationships among