<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></abstract>

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.

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

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

Foundations of Management

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

This paper examines the information content of the selected composite indexes, namely the Global Competitiveness Report Index, the Human Development Index, the...

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

Publié en ligne: 02 août 2016

Pages: 167 - 174

DOI: https://doi.org/10.1515/fman-2016-0013

Mots clés
macroeconomic analyses, economic activity evaluation, classification, economic development

© 2016 Wojciech Nasierowski

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Publié en ligne: 02 août 2016

Pages: 167 - 174

DOI: https://doi.org/10.1515/fman-2016-0013

Mots clésmacroeconomic analyses, economic activity evaluation, classification, economic development

© 2016 Wojciech Nasierowski

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
macroeconomic analyses, economic activity evaluation, classification, economic development