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Composite indicators are useful as tool for complex evaluation and aggregation of different variables of regional development. Variables which are aggregated in a composite indicator have first to be weighted. All variables may be given equal weights or they mea be given differing weights which reflect the significance, reliability or other characteristics of the underlying data. The weights given to different variables heavily influence the outcomes of the composite indicator. Aim of this paper is an evaluation of selected methods for weighting of particular variables in frame of composite indicator construction. Evaluation is verified on group of regional economic variables based on Strategy of regional development.

Keywords: Composite indicator ; region ; principal component analysis ; expert

Subject(s): Community/Rural/Urban Development

Research Methods/ Statistical Methods

Issue Date: Dec 30 2010

Publication Type: Journal Article

DOI and Other Identifiers: ISSN 1804-1930 (Other)

PURL Identifier: http://purl.umn.edu/99082 Published in: AGRIS on-line Papers in Economics and Informatics, Number 4

Volume 02 Page range: 59-64

Total Pages: 6

JEL Codes: GA; IN

Series Statement: 2010

4

Record appears in: Czech University of Life Sciences Prague > Faculty of Economics and Management > AGRIS on-line Papers in Economics and Informatics





Author: Hlavsa, Tomas

Source: http://ageconsearch.umn.edu/record/99082?ln=en







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