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Quantifying Sustainability: Methodology for and Determinants of an Environmental Sustainability Index
Abstract
This chapter consider new methods of component extraction and identification for the Environmental Sustainability Index (ESI) – an aggregation of environmental variables created as a measure of overall progress towards environmental sustainability. Principally, the authors propose and illustrate a parametric version of Independent Component Analysis via Copulas (CICA). The CICA procedure yields a more coherent picture of the determinants of environmental sustainability.
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