Composite indices of development
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2013
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Abstract
This chapter examines the motivation for the emergence of composite indices of development and the main grounds on which they have been criticized. A composite index is a function of variables and weights that maps attainments in a variety of attributes into a single real number. While portfolios of development indicators are informative and necessary, there is also a need for a summary measure that combines these indicators into a single number. This approach has given rise to the construction of composite indices of development.
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HUMAN DEVELOPMENT, POVERTY MEASUREMENT, INDICATORS, INDICES, DEVELOPMENT INDICATORS, GENDER EQUALITY, DEVELOPMENT THEORY, GLOBAL SOUTH