Composite Indicators of Development: Some Recent Contributions

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Author(s): Sandrina B. Moreira (Instituto Politécnico de Setúbal (ESCE – IPS), Portugal)and Nuno Crespo (ISCTE – Instituto Universitário de Lisboa, Portugal)
Copyright: 2017
Pages: 23
Source title: Emerging Trends in the Development and Application of Composite Indicators
Source Author(s)/Editor(s): Veljko Jeremic (University of Belgrade, Serbia), Zoran Radojicic (University of Belgrade, Serbia)and Marina Dobrota (University of Belgrade, Serbia)
DOI: 10.4018/978-1-5225-0714-7.ch007

Keywords: Data Analysis & Statistics / Data Analysis and Statistics / Information Science Reference / Library & Information Science

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Abstract

Development is a complex and multidimensional phenomenon. The quantification of such a phenomenon requires indicators that may capture its most important components. In this chapter we present an extensive list of composite indicators of development, identifying their main possible common dimensions: income, income distribution, education, health, employment, infrastructures, values, and environment. We also discuss in detail five recent indices characterized by their comprehensiveness: 1) Regional Quality of Development Index (QUARS) of Sbilanciamoci!; 2) Wellbeing Index (WI) and Wellbeing/Stress Index (WSI) for measuring sustainable development; 3) Gross National Happiness (GNH) from the Center for Bhutan Studies; 4) Bertelsmann Transformation Index (BTI) of Bertelsmann Stiftung; and 5) World competitiveness scoreboard from the Institute for Management Development (IMD).

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