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Direct linkBinder, Martin; Coad, Alex – Social Indicators Research, 2011
There is an ambiguity in Amartya Sen's capability approach as to what constitutes an individual's resources, conversion factors and valuable functionings. What we here call the "circularity problem" points to the fact that all three concepts seem to be mutually endogenous and interdependent. To econometrically account for this…
Descriptors: Foreign Countries, Social Theories, Economics, Well Being
