Composite Indexes Economic and Social Performance: Do they provide Valuable Information?

• Authors: Wojciech Nasierowski
• Languages of publication: EN

Abstracts

EN

This paper examines the information content of the selected composite indexes, namely the Global Competitiveness Report Index, the Human Development Index, the Knowledge Economy Index, the Innovation Union Scoreboard, and the like. These indexes are examined from the viewpoint of country rankings. It is argued that these indexes provide highly similar information, which brings to question the usefulness of such a variety of approaches. This paper also explores the drawbacks of composite indexes, and questions whether these indexes can adequately serve as policy-setting mechanisms.

Keywords

EN

macroeconomic analyses; economic activity evaluation; classification; economic development

• Publisher: Sciendo
• Journal: Foundations of Management
• Year: 2016
• Volume: 8
• Issue: 1
• Pages: 167-174

Dates

published

2016-01-01

online

2016-08-02

Contributors

author

Wojciech Nasierowski

• University of New Brunswick, Fredericton, NB, E3B 5A3, Canada

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Identifiers

DOI

10.1515/fman-2016-0013