Establishing the RIE index: a review of the components critical to progress measurement
Purpose – The main purpose of this paper is to propose a progress framework revolving around the utilisation of three key constructs: resources, infrastructure and environment (index). Design/methodology/approach – This paper utilises a composite indicator and an interdisciplinary approach to construct a comprehensive measure of progress. Findings – The findings reveal that the methodological approach employed above allows components that are vital to progress to be incorporated into a coherent framework. Research limitations/implications – The proposed progress framework could be applied to countries, or act as a foundation for future progress measures. It is also hoped to promote interdisciplinary research between schools. Originality/value – The paper proposes an alternative measure of progress for nations that has the capability to capture more aspects important to progress.
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Volume (Year): 37 (2010)
Issue (Month): 8 (July)
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References listed on IDEAS
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- Michael Freudenberg, 2003. "Composite Indicators of Country Performance: A Critical Assessment," OECD Science, Technology and Industry Working Papers 2003/16, OECD Publishing.
- Lehtonen, Markku, 2004. "The environmental-social interface of sustainable development: capabilities, social capital, institutions," Ecological Economics, Elsevier, vol. 49(2), pages 199-214, June.
- M. Saisana & A. Saltelli & S. Tarantola, 2005. "Uncertainty and sensitivity analysis techniques as tools for the quality assessment of composite indicators," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 168(2), pages 307-323.
- John F. Helliwell, 1996. "Economic Growth and Social Capital in Asia," NBER Working Papers 5470, National Bureau of Economic Research, Inc.
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- Berkes, Fikret & Folke, Carl, 1992. "A systems perspective on the interrelations between natural, human-made and cultural capital," Ecological Economics, Elsevier, vol. 5(1), pages 1-8, March.
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