Which of the following indicators need to be log-transformed before constructing its index? Life expectancy at birth (LE) Expected years of schooling of children (EYSC Mean years of schooling of adults (MYSA) GNI per-capita

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The United Nations Development Program (UNDP) needs your help!!! The UNDP wants you to empirically explore the strength of the relationship between income per capita and measurement of human development. To answer this question, use the UNDP Data in the fifth worksheet of Problem Set 2 data “Sheet UNDP 2019 data” in the file folder on Canvas. This file contains data from 2019 for 189 countries and comes from the UNDP’s country-level data sets. To calculate the indexes, use the minimum and maximum values for Gross National Income (GNI), life expectancy at birth (LE), mean years of schooling (MYSA), and expected years of schooling (EYSC) that are provided in the Excel spreadsheet.[1]

 

  • Which of the following indicators need to be log-transformed before constructing its index?
    1. Life expectancy at birth (LE)
    2. Expected years of schooling of children (EYSC
    3. Mean years of schooling of adults (MYSA)
    4. GNI per-capita

 

 

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