Measuring national financial development: indexes and methods

Financial development of a country is a broad concept and can be measured in different ways. The article presents the indicators of financial development applicable for the development of the Financial Development Index (FDI) of a particular country. Financial development index could be used to rank...

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Autor principal:	T. Ph.T. Duong
Formato:	article
Lenguaje:	RU
Publicado:	Publishing House of the State University of Management 2021
Materias:	financial development index national financial development methods measurement principle component analysis pca data envelopment analysis dea weighted average financial system financial market financial institutions economic growth Sociology (General) HM401-1281 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/80aac97eacd64fddb5eeb8b8064cfbbb
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spelling	oai:doaj.org-article:80aac97eacd64fddb5eeb8b8064cfbbb2021-12-03T07:43:35ZMeasuring national financial development: indexes and methods1816-42772686-841510.26425/1816-4277-2021-4-152-160https://doaj.org/article/80aac97eacd64fddb5eeb8b8064cfbbb2021-06-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2843https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415Financial development of a country is a broad concept and can be measured in different ways. The article presents the indicators of financial development applicable for the development of the Financial Development Index (FDI) of a particular country. Financial development index could be used to rank and compare the level of financial development among countries or to test the relationship between financial development and economic growth. The paper points out the advantages and limitations of several methods including standardized method, Principle Component Analysis (PCA) method, Data Envelopment Analysis (DEA) method. The author also suggests to use Data Envelopment Analysis as an updated and advanced method to construct Financial Development Index. It is expected that this method will strengthen the quantitative approach in the research of financial development and economic growth.T. Ph.T. DuongPublishing House of the State University of Managementarticlefinancial development indexnational financial developmentmethods measurementprinciple component analysispcadata envelopment analysisdeaweighted averagefinancial systemfinancial marketfinancial institutionseconomic growthSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 4, Pp 152-160 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	financial development index national financial development methods measurement principle component analysis pca data envelopment analysis dea weighted average financial system financial market financial institutions economic growth Sociology (General) HM401-1281 Economics as a science HB71-74
spellingShingle	financial development index national financial development methods measurement principle component analysis pca data envelopment analysis dea weighted average financial system financial market financial institutions economic growth Sociology (General) HM401-1281 Economics as a science HB71-74 T. Ph.T. Duong Measuring national financial development: indexes and methods
description	Financial development of a country is a broad concept and can be measured in different ways. The article presents the indicators of financial development applicable for the development of the Financial Development Index (FDI) of a particular country. Financial development index could be used to rank and compare the level of financial development among countries or to test the relationship between financial development and economic growth. The paper points out the advantages and limitations of several methods including standardized method, Principle Component Analysis (PCA) method, Data Envelopment Analysis (DEA) method. The author also suggests to use Data Envelopment Analysis as an updated and advanced method to construct Financial Development Index. It is expected that this method will strengthen the quantitative approach in the research of financial development and economic growth.
format	article
author	T. Ph.T. Duong
author_facet	T. Ph.T. Duong
author_sort	T. Ph.T. Duong
title	Measuring national financial development: indexes and methods
title_short	Measuring national financial development: indexes and methods
title_full	Measuring national financial development: indexes and methods
title_fullStr	Measuring national financial development: indexes and methods
title_full_unstemmed	Measuring national financial development: indexes and methods
title_sort	measuring national financial development: indexes and methods
publisher	Publishing House of the State University of Management
publishDate	2021
url	https://doaj.org/article/80aac97eacd64fddb5eeb8b8064cfbbb
work_keys_str_mv	AT tphtduong measuringnationalfinancialdevelopmentindexesandmethods
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Measuring national financial development: indexes and methods

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