Current Methods and Practices for Evaluation the EU Social Resilience: Composite Index Approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F19%3A10241197" target="_blank" >RIV/61989100:27510/19:10241197 - isvavai.cz</a>

Result on the web

—

DOI - Digital Object Identifier

—

Result language

angličtina

Original language name

Current Methods and Practices for Evaluation the EU Social Resilience: Composite Index Approach

Original language description

Regional economies have always been prone to different kinds of shocks such as economic downturns, industry shocks, financial and monetary crises, which can destabilize the path and pattern of regional economic growth. 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. Nowadays, the problem of determining the internal reserves of socio-economic development of region becomes more important, the solution of which requires the development of new approaches to the definition of essence, structure, methods for assessing the socio-economic potential. The question of how to measure development has attracted the attention of economists and other social scientists as well as non-government organizations and policy-makers for many decades. 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 the measurement of regional development are presented as multi-dimensional concepts. Several methods of evaluating regional economies exist, most of the methods have their own limitations in the 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 the challenges faced in the design of composite indices of regional development in socio-economic issues.

Czech name

—

Czech description

—

Type

D - Article in proceedings

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

<a href="/en/project/GJ17-23411Y" target="_blank" >GJ17-23411Y: Income distribution in the society: econometric models and dominance criteria for intersecting Lorenz curves</a><br>

Continuities

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

Publication year

2019

Confidentiality

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

Article name in the collection

Economic policy in the european union member countries : proceedings of 16th international scientific conference : September 12-14, 2018, Čeladná, Czech Republic

ISBN

978-80-7510-289-8

ISSN

—

e-ISSN

—

Number of pages

12

Pages from-to

337-348

Publisher name

Slezská univerzita v Opavě

Place of publication

Opava

Event location

Čeladná

Event date

Sep 12, 2018

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000485363200037