<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?

Published Online: Aug 02, 2016

Page range: 167 - 174

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

Keywords
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?

Published Online: Aug 02, 2016

Page range: 167 - 174

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

Keywordsmacroeconomic analyses, economic activity evaluation, classification, economic development

© 2016 Wojciech Nasierowski

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

Keywords
macroeconomic analyses, economic activity evaluation, classification, economic development