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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

Výsledek vznikl pri realizaci vícero projektů. Více informací v záložce Projekty.

Návaznosti

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

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

515-520

Název nakladatele

MATFYZPRESS

Místo vydání

Praha

Místo konání akce

Jindřichův Hradec

Datum konání akce

12. 9. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000507455300089