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Table 6 Principal component analysis results for Human Economic Welfare Enhancement (HEWE)

From: The interaction effect of foreign capital inflows and financial development on economic welfare in sub-Saharan Africa

Component

Eigenvalue

Difference

Proportion

Cumulative

Comp 1

2.982

2.189

0.7457

0.7457

Comp 2

0.793

0.649

0.1983

0.9440

Comp 3

0.143

0.0627

0.0358

0.9798

Comp 4

0.0806

–

0.0202

1.000

Principal components (eigenvectors)

 Variable

Comp 1

Comp 2

Comp 3

Comp 4

Unexplained

 Remittances

0.3102

0.9476

0.0683

0.0342

0

 Consumption

0.5467

−0.1158

−0.8220

− 0.1093

0

 Health

0.5503

− 0.1911

0.4801

− 0.6558

0

 Education

0.5496

−0.2284

0.2984

0.7461

0

Scoring coefficients

Sum of squares (column-loading) = 1

 Variable

Comp 1

Comp 2

Comp 3

Comp 4

 

 Remittances

0.3102

0.9476

0.0683

0.0342

 

 Consumption

0.5467

−0.1158

−0.8220

−0.1093

 

 Health

0.5503

−0.1911

0.4801

−0.6558

 

 Education

0.5496

−0.2284

0.2984

0.7461

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