IDEAS home Printed from https://ideas.repec.org/a/vrs/crebss/v4y2018i1p53-61n5.html
   My bibliography  Save this article

Process of ranking countries by level of development

Author

Listed:
  • Račić Željko V.

    (University of Banja Luka, Faculty of Economics,Banja Luka, Bosnia and Herzegovina)

Abstract

The paper presents the process of ranking and classifying countries using the I-distance method. The I-distance method is a method of classification and multidimensional ranking based on the distance values between selected indicators. The selection of indicators was carried out using the principal components analysis, whereby the statistical software SPSS (Statistical Package for Social Sciences), the latest version 21th PASW Statistics, is used. The application of the I-distance determines the relative efficiency indicators. Classification and ranking are conducted based on the economic development using macroeconomic indicators for the selected European countries.

Suggested Citation

  • Račić Željko V., 2018. "Process of ranking countries by level of development," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 4(1), pages 53-61, June.
    • Handle: RePEc:vrs:crebss:v:4:y:2018:i:1:p:53-61:n:5
    DOI: 10.2478/crebss-2018-0005
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/crebss-2018-0005
    Download Restriction: no
    File URL: https://libkey.io/10.2478/crebss-2018-0005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Maria Cracolici & Miranda Cuffaro & Peter Nijkamp, 2010. "The Measurement of Economic, Social and Environmental Performance of Countries: A Novel Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 95(2), pages 339-356, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ho, Sy-Hoa & OUEGHLISSI, Rim & EL FERKTAJI, Riadh, 2019. "The dynamic causality between ESG and economic growth: Evidence from panel causality analysis," MPRA Paper 95390, University Library of Munich, Germany.
    2. Isabel Gallego-Alvarez & Mª Purificación Vicente-Galindo & Mª Purificación Galindo-Villardón & Miguel Rodríguez-Rosa, 2014. "Environmental Performance in Countries Worldwide: Determinant Factors and Multivariate Analysis," Sustainability, MDPI, vol. 6(11), pages 1-26, November.
    3. Svjetlana Janković Šoja & Ana Anokić & Dana Bucalo Jelić & Radojka Maletić, 2016. "Ranking EU Countries According to Their Level of Success in Achieving the Objectives of the Sustainable Development Strategy," Sustainability, MDPI, vol. 8(4), pages 1-10, March.
    4. Cracolici, Maria Francesca & Cuffaro, Miranda & Lacagnina, Valerio, 2018. "Assessment of Sustainable Well-being in the Italian Regions: An Activity Analysis Model," Ecological Economics, Elsevier, vol. 143(C), pages 105-110.
    5. Long, Xianling & Ji, Xi, 2019. "Economic Growth Quality, Environmental Sustainability, and Social Welfare in China - Provincial Assessment Based on Genuine Progress Indicator (GPI)," Ecological Economics, Elsevier, vol. 159(C), pages 157-176.
    6. Susan Randolph & Elizabeth Kaletski, 2018. "Securing Economic and Social Rights: Obstacle or Handmaiden to Growth?," Economic Rights Working Papers 26, University of Connecticut, Human Rights Institute.
    7. Šoja Svjetlana Janković & Jelić Dana Bucalo, 2016. "Indicators of sustainable development performance: Case study of European Union countries," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 2(2), pages 1-9, December.
    8. Freddy Marín-González & Sharmila Rani Moganadas & Ana Judith Paredes-Chacín & Sook Fern Yeo & Subhacini Subramaniam, 2022. "Sustainable Local Development: Consolidated Framework for Cross-Sectoral Cooperation via a Systematic Approach," Sustainability, MDPI, vol. 14(11), pages 1-33, May.
    9. Xiang Wei & Hailin Qu & Emily Ma, 2016. "How Does Leisure Time Affect Production Efficiency? Evidence from China, Japan, and the US," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(1), pages 101-122, May.
    10. BRIDA, Juan Gabriel & GARRIDo, Nicolas & MUREDDU, Francesco, 2014. "Club Performance Dynamics At Italian Regional Level," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(1), pages 47-68.
    11. Marc-Arthur Diaye & Sy-Hoa Ho & Rim Oueghlissi, 2022. "ESG performance and economic growth: a panel co-integration analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(1), pages 99-122, February.
    12. Ayasrah, Tha'r, 2012. "The Social Economic Development Index: A New Measurement of Development," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 46(2), pages 37-53.
    13. Isabel Gallego-Álvarez & Mª Galindo-Villardón & Miguel Rodríguez-Rosa, 2015. "Analysis of the Sustainable Society Index Worldwide: A Study from the Biplot Perspective," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(1), pages 29-65, January.
    14. Milenkovic, Nemanja & Vukmirovic, Jovanka & Bulajic, Milica & Radojicic, Zoran, 2014. "A multivariate approach in measuring socio-economic development of MENA countries," Economic Modelling, Elsevier, vol. 38(C), pages 604-608.
    15. Kalimeris, Panos & Bithas, Kostas & Richardson, Clive & Nijkamp, Peter, 2020. "Hidden linkages between resources and economy: A “Beyond-GDP” approach using alternative welfare indicators," Ecological Economics, Elsevier, vol. 169(C).
    16. G. Madonia & M. Cracolici & M. Cuffaro, 2013. "Exploring Wider Well-Being in the EU-15 Countries: An Empirical Application of the Stiglitz Report," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 111(1), pages 117-140, March.
    17. David, Oladipo Olalekan, 2019. "Nexus between telecommunication infrastructures, economic growth and development in Africa: Panel vector autoregression (P-VAR) analysis," Telecommunications Policy, Elsevier, vol. 43(8), pages 1-1.
    18. Juan Brida & Nicolás Garrido & Francesco Mureddu, 2014. "Italian economic dualism and convergence clubs at regional level," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(1), pages 439-456, January.
    19. Seyithan Ahmet Ates & Kursad Derinkuyu, 2021. "Green growth and OECD countries: measurement of country performances through distance-based analysis (DBA)," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(10), pages 15062-15073, October.
    20. Judit Oláh & Zuzana Hajduová & Roman Lacko & Pavol Andrejovský, 2020. "Quality of Life Regional Differences: Case of Self-Governing Regions of Slovakia," Sustainability, MDPI, vol. 12(7), pages 1-13, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:crebss:v:4:y:2018:i:1:p:53-61:n:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.