Helpless Rich Data: The Effect of Financial Openness with Dimensionality Reduction

The literature on financial openness is rich, yet the selection of a suitable financial index remains a challenge. In this paper, Principal Component Analysis (PCA) and Factor Analysis (FA) are utilized to reduce the dimensionality of five publicly available financial openness indices. The results o...

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Bibliographic Details
Main Authors: H. E. Cha, Doo Kyun Wang, Sherryl Berg-Ridenour
Format: Article
Language:English
Published: MDPI AG 2025-02-01
Series:Economies
Subjects:
Online Access:https://www.mdpi.com/2227-7099/13/3/62
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