A Comparison of Canonical Correlation Analysis Results on 2015-2016 Social Progress Indexes
Abstract
Social Progress Index aims to form a systematic basis to guide strategy for inclusive growth which requires achieving both economic and social progress. This study has aimed to compare the relations among “Basic Human Needs” and “Foundations of Wellbeing” dimensions of 2015 and 2016 Social Progress Indexes through “Canonical Correlation Analysis” for 130 countries. The first (and the highest) canonical correlation coefficients which are 0.926 and 0.935 for 2015 and 2016 respectively imply that there is a high relationship between “Basic Human Needs” and “Foundations of Wellbeing” dimensions. In case the Wilk’s Lambda statistics are considered, the whole model has been regarded as statistically significant with a considerably high overall effect size of 0.89 and 0,896 values for 2015 and 2016 respectively. Besides, according to the findings associated with canonical loadings, the largest contribution to “Basic Human Needs” set has come from “Nutrition and Basic Medical Care” variable and the most effective variable in “Foundations of Wellbeing” has been revealed to be “Access to Basic Knowledge”. The best performance for both the year 2015 and 2016 has been observed in “Basic Human Needs” dimension with “Nutrition and Basic Medical Care” and “Water and Sanitation” components which lie at the core of the United Nations Millennium Development Goals. Having evaluated two dimensions together, it can be inferred that “Personal Safety” and “Health and Wellness” fields should be prioritized in order to trigger social progress.
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Details
Primary Language
English
Subjects
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Journal Section
Research Article
Publication Date
August 26, 2019
Submission Date
May 14, 2019
Acceptance Date
August 19, 2019
Published in Issue
Year 2019 Volume: 21 Number: 2