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ERIC Number: EJ1000624
Record Type: Journal
Publication Date: 2013-May
Pages: 27
Abstractor: As Provided
Reference Count: 30
ISBN: N/A
ISSN: ISSN-0303-8300
An Unbalance Adjustment Method for Development Indicators
Tarabusi, Enrico Casadio; Guarini, Giulio
Social Indicators Research, v112 n1 p19-45 May 2013
This paper analyzes some aggregation aspects of the procedure for constructing a composite index on a multidimensional socio-economic phenomenon such as development, the main focus being on the unbalance among individual dimensions. First a theoretical framework is set up for the unbalance adjustment of the index. Then an aggregation function is proposed that takes unbalance among development dimensions into account; a separate index is also introduced that measures the unbalance itself. Finally the dataset of the Index of African Governance for the year 2007 is used to test this method and compare it against the weighted arithmetic mean of variables with relation to the measured values of unbalance, yielding significantly different results for ratings and rankings, which in addition show negative correlations with the unbalance adjustment values. The changes ensuing from the adjustment are commented for some countries.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Africa