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¿How plural is the plural economy of Bolivia? Constructing a plural economy indicator with fuzzy sets

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  • Rolando Manuel Gonzáles Martínez

Abstract

An indicator that measures the compliance with the constitutional principles of a plural economy is proposed. An inference system based on fuzzy sets was used to calculate the indicator. The fuzzy system summarizes the principles of income redistribution and environmental sustainability into an overall measure of plural economy that allows to objectively judge the change towards a plural economy in Bolivia.

Suggested Citation

  • Rolando Manuel Gonzáles Martínez, 2012. "¿How plural is the plural economy of Bolivia? Constructing a plural economy indicator with fuzzy sets," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 16(1), pages 9-29, June.
    • Handle: RePEc:blv:journl:v:16:y:2012:i:1:p:9-29
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    References listed on IDEAS

    as
    1. Andriantiatsaholiniaina, Luc A. & Kouikoglou, Vassilis S. & Phillis, Yannis A., 2004. "Evaluating strategies for sustainable development: fuzzy logic reasoning and sensitivity analysis," Ecological Economics, Elsevier, vol. 48(2), pages 149-172, February.
    2. Phillis, Yannis A. & Andriantiatsaholiniaina, Luc A., 2001. "Sustainability: an ill-defined concept and its assessment using fuzzy logic," Ecological Economics, Elsevier, vol. 37(3), pages 435-456, June.
    3. D. Joseph Stiglitz, 2009. "Moving Beyond Market Fundamentalism To A More Balanced Economy," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 80(3), pages 345-360, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Plural economy indicator; fuzzy sets;

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • P40 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - General

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