The Issue of Weights for Constructing the Composite Index of Social Inequalities

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10241196" target="_blank" >RIV/61989100:27510/18:10241196 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The Issue of Weights for Constructing the Composite Index of Social Inequalities

Original language description

Measurement of progress plays a crucial role in improving the prosperity in any territories. Several methods of evaluating the level of territorial development exist, most of the methods have their own limitations. There is no uniform methodologiCal approach to the evaluation of territorial development and composites indices (CIs) are one of the suitable techniques that allow to aggregate and summarize the multidimensional characteristics. CIs are very common for benchmarking the mutual and relative progress of territories in a variety of policy domains. The proliferation of the production of CIs by all the major international organizations is a clear symptom of their importance in policy-making. Constructing CIs includes several steps that must be made and corresponding methods have to be chosen. Construction of CIs includes not only a problem of selection of indicators and quantitative method (normalizing methods and aggregation formulas) of their processing but especially a question of weights. The paper deals with the selection of relevant tool for determining the weights having a significant impact on the overall CI for measuring the social inequalities and benchmarking framework of the EU NUTS 2 regions. The paper also explores the drawbacks of CIs, and questions whether these CIs can adequately serve as policy-setting mechanisms.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

Result was created during the realization of more than one project. More information in the Projects tab.

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Mathematical Methods in Economics : MME 2018 : 36th international conference : September 12-14, 2018, Jindřichův Hradec

ISBN

978-80-7378-371-6

ISSN

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e-ISSN

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Number of pages

6

Pages from-to

515-520

Publisher name

MATFYZPRESS

Place of publication

Praha

Event location

Jindřichův Hradec

Event date

Sep 12, 2018

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000507455300089