An overview and evaluation of methods for deriving composite indices of regional development in socio-economic issues

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10241198" target="_blank" >RIV/61989100:27510/18:10241198 - 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

An overview and evaluation of methods for deriving composite indices of regional development in socio-economic issues

Original language description

Economic growth has lifted hundreds of millions out of poverty and improved the lives of many more over the last half-century. Yet it is increasingly evident that a model of development based solely on economic progress is incomplete. We must widen our understanding of the success of societies beyond economic outcomes. Inclusive growth requires achieving both economic and social progress as stated in the Strategy Europe 2020. Advances in understanding, theory and measurement must necessarily proceed hand in hand. Right measurement is a powerful instrument for social progress; wrong or imprecise measurement a source of hazard and even havoc. Measurement of a region&apos;s progress plays a crucial role in improving the prosperity and quality of life of regional communities. This process has however proven difficult as contemporary views on measurement of regional development are presented as multi-dimensional concepts. Several methods of evaluating regional economies exist, most of methods have their own limitations in selection of relevant indicators and weighting scheme. Despite the limitations, several approaches in the form of composite indices have been proposed by the European Union and the other institutions. This paper discusses challenges faced in the design of composite indices of regional development in socio-economic issues.

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

XXI. mezinárodní kolokvium o regionálních vědách : sborník příspěvků : Kurdějov, 13.-15. června = 21st International Colloquium on Regional Sciences : conference proceedings : June 13-15, 2018

ISBN

978-80-210-8969-3

ISSN

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e-ISSN

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Number of pages

9

Pages from-to

48-56

Publisher name

Masarykova univerzita

Place of publication

Brno

Event location

Kurdějov

Event date

Jun 13, 2018

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000583803900005