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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- Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1251-1288.
- Frederik Booysen, 2002. "An Overview and Evaluation of Composite Indices of Development," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 59(2), pages 115-151, August.
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- Martinez-Alier, J., 1995. "The environment as a luxury good or "too poor to be green"?," Ecological Economics, Elsevier, vol. 13(1), pages 1-10, April.
- Jean-Christophe Dumont & Georges Lamaitre, 2006. "Counting Immigrants and Expatriates in OECD Countries: A New Perspective," OECD Economic Studies, OECD Publishing, vol. 2005(1), pages 49-83.
- Tatyana P. Soubbotina, 2004. "Beyond Economic Growth : An Introduction to Sustainable Development, Second Edition," World Bank Publications, The World Bank, number 14865, February.
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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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