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Social Indicators Research

Erschienen in:

13.10.2015

A New Multidimensional Measure of Development: The Role of Technology and Institutions

verfasst von: K. Renuka Ganegodage, Alicia N. Rambaldi, D. S. Prasada Rao, Kam K. Tang

Erschienen in: Social Indicators Research | Ausgabe 1/2017

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Abstract

This paper constructs four structural indices by using 42 socioeconomic variables for 129 countries and the 10 years period from 2003 to 2012. Each structural index can be considered as a measure of a certain dimension of development. The first two indices are the most useful in explaining gaps in development across countries. The first captures the role of technology and institutional quality while the second provides a measure of the basic level of development. The contrast between them signifies that the notion of development is not only multidimensional, but also changing with the stage of development. These two indices are combined to form a development index (DI). A comparison of DI to income per capita and the Human Development Index highlights the importance of institutions in the transition of countries from merely having high income to full development. A methodological contribution of the paper is to use a Jackknife approach within the factor analysis routine to test for the significance of the extracted factors/indices.

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Titel: A New Multidimensional Measure of Development: The Role of Technology and Institutions
verfasst von: K. Renuka Ganegodage
Alicia N. Rambaldi
D. S. Prasada Rao
Kam K. Tang
Publikationsdatum: 13.10.2015
Verlag: Springer Netherlands
Erschienen in: Social Indicators Research / Ausgabe 1/2017
Print ISSN: 0303-8300
Elektronische ISSN: 1573-0921
DOI: https://doi.org/10.1007/s11205-015-1139-7

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