What is a reasonable measure of progress?

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Natoli, Riccardo and Zuhair, Segu (2010) What is a reasonable measure of progress? International Journal of Sociology and Social Policy, 30 (5/6). pp. 201-218. ISSN 0144-333X

Abstract

Purpose – The purpose of this paper is to propose an alternative progress measure revolving around the utilisation of three key constructs: resources, infrastructure and environment. Design/methodology/approach – This paper utilises an interdisciplinary approach to construct a composite indicator to measure progress. Furthermore, a weighting technique based on public opinion, and a non-monetary evaluation, is employed. Findings – The findings reveal that the methodological approach employed above allows components that are vital to progress to be incorporated. Research limitations/implications – The research could be applied to countries with regard to issues dealing with project selection and resource allocation, while it is hoped to also promote interdisciplinary research between schools. Originality/value – The paper proposes an alternative measure of progress for nations. The advantage of the proposed method is that it has the capability to capture aspects important to progress.

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Item type Article
URI https://vuir.vu.edu.au/id/eprint/6949
DOI https://doi.org/10.1108/01443331011054190
Official URL http://www.emeraldinsight.com/journals.htm?issn=01...
Subjects Historical > Faculty/School/Research Centre/Department > School of Economics and Finance
Current > FOR Classification > 1499 Other Economics
Historical > SEO Classification > 9101 Macroeconomics
Keywords ResPubID20760. countries, economic development, measurement, national economy, resources
Citations in Scopus 1 - View on Scopus
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