Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/61612
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dc.contributor.authorFarrugia, Nadia-
dc.date.accessioned2020-10-13T06:18:44Z-
dc.date.available2020-10-13T06:18:44Z-
dc.date.issued2008-
dc.identifier.citationFarrugia, N. (2008). Conceptual and practical issues in constructing composite indices. In L. Briguglio, G. Cordina, N Farrugia, & C. Vigilance (Eds.), Small states and the pillars of economic resilience (pp. 361-384). Msida: University of Malta. Islands and Small States Institute & London: The Commonwealth Secretariaten_GB
dc.identifier.isbn978-99909-49-24-7-
dc.identifier.urihttps://www.um.edu.mt/library/oar/handle/123456789/61612-
dc.description.abstractThis chapter presents an analysis of the conceptual issues associated with the construction of composite indices. Composite indices, which are constructed by averaging a number of indicators or sub-indices, are multi-dimensional, in that they represent aggregate measures of a combination of factors. They are often used to simplify complex measurement constructs, and often have a strong political appeal due to the fact that they simplify complex matters into a single number. However, composite indices are often criticised for their subjectivity. Indeed the methodology used to construct an index generates considerable debate on various aspects, such as the weighting method used, possible correlation among the different sub-indices, missing variables, standardisation procedures and others. This paper will attempt to propose some desirable criteria for the construction of composite indices, including simplicity, ease of comprehension, and coverage issues and transparency. It will also discuss a number of methodological considerations including weighting.en_GB
dc.language.isoenen_GB
dc.publisherUniversity of Malta. Islands and Small States Institute & The Commonwealth Secretariaten_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectConceptualismen_GB
dc.subjectEconomic development -- Case studiesen_GB
dc.subjectMacroeconomics -- Case studiesen_GB
dc.subjectStates, Small -- Economic conditionsen_GB
dc.subjectStates, Small -- Economic aspectsen_GB
dc.titleConceptual and practical issues in constructing composite indicesen_GB
dc.title.alternativeSmall states and the pillars of economic resilienceen_GB
dc.typebookParten_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holderen_GB
dc.description.reviewedpeer-revieweden_GB
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