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Measurement and determinants of socioeconomic development: A critical conspectus

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Abstract

The study evaluates the progress made in the past decades on the measurement of socioeconomic performance. Both income and social indicators approaches are thoroughly surveyed and an additional contribution is made to the latter by undertaking a large-scale correlation study. The results of the correlation analysis indicate a high level of correspondence between per capita GNP and various composite social indices constructed by an aggregation procedure called the ‘Wroclaw Taxonomic Method’. On the determinants of socioeconomic progress, the study examines two well-known development strategies, equity and basic needs. Besides, it suggests few other policy instruments which might influence the level of socioeconomic development. Finally, some ‘new’ areas are identified for future research in this subject.

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  1. Department of Economics and Statistics, National University of Singapore, 0511, Kent Ridge, Singapore

    Habibullah Khan

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Khan, H. Measurement and determinants of socioeconomic development: A critical conspectus. Soc Indic Res 24, 153–175 (1991). https://doi.org/10.1007/BF00300358

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