1 / 10

COMPOSITE INDICATORS ALTERNATIVE MEASURES OF COMPARATIVE ECONOMIC PERFORMANCE

COMPOSITE INDICATORS ALTERNATIVE MEASURES OF COMPARATIVE ECONOMIC PERFORMANCE. THE INDEX OF ECONOMIC FREEDOM. What is a Composite Indicator? (Source: OECD: http:// stats.oecd.org/glossary/detail.asp?ID=6278 ).

jace
Download Presentation

COMPOSITE INDICATORS ALTERNATIVE MEASURES OF COMPARATIVE ECONOMIC PERFORMANCE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. COMPOSITE INDICATORSALTERNATIVE MEASURES OF COMPARATIVE ECONOMIC PERFORMANCE THE INDEX OF ECONOMIC FREEDOM

  2. What is a Composite Indicator?(Source: OECD: http://stats.oecd.org/glossary/detail.asp?ID=6278) • A composite indicator is formed when individual indicators are compiles into a single index, on the basis of an underlying model of the multi-dimensional concept that is being measured. • A composite indicator measures multi-dimensional concepts (e.g. competitiveness, e-trade or environmental quality) which cannot be captured by a single indicator. Ideally, a composite indicator should be based on a theoretical framework / definition, which allows individual indicators / variables to be selected, combined and weighted in a manner which reflects the dimensions or structure of the phenomena being measured.

  3. The Index of Economic Freedom • Published by the Heritage Foundation in the United States. The Heritage Foundation is a Conservative organization that has traditionally supported the Republicans.

  4. 10 Economic Freedoms • The Index of Economic Freedom has 4 broad categories which cover 10 economic freedoms each year. • Each of these indicators are combined to determine an average score for a country.

  5. Source: The Economic Freedom Index 2012 Heritage Foundation.

  6. Internet Quiz 2012 Economic Freedom Index • Spend 10 minutes reading the supplied handout on the Economic Freedom Index. • Then go to the following website: http://www.proprofs.com/quiz-school/ In the search box at the top of this page type in: Economic Freedom. • You are required to complete 25 multiple choice questions with a 25 minute time limit. • Ensure you enter your name & details before starting.

More Related