A multivariate approach in measuring socio-economic development of MENA countries

作者：Milenkovic Nemanja^*; Vukmirovic Jovanka; Bulajic Milica; Radojicic Zoran

来源：Economic Modelling, 2014, 38: 604-608.

DOI：10.1016/j.econmod.2014.02.011

• I-distance method
• MENA countries
• Ranking
• Socio-economic development

Socio-economic development of countries is a complex problem that has been constantly elaborated upon over the past few decades. An analysis of a country's welfare cannot be limited to either economic or social factors; it must be determined by combining both of these aspects. As technology has advanced, those indicators crucial for describing this phenomenon have also changed. internet connectedness has been introduced as an indicator of socio-economic development. Furthermore, the development of a health system is essential for a country's development. The aim of this paper has been to present one synthesized indicator that is able to quantitatively demonstrate any country's welfare. The statistical I-distance method is thoroughly explained and has been applied to 22 countries. Crucial indicators for ranking are also elaborated.

• 出版日期2014-2