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Operationalization and Estimation of Balanced Development Index for Poland 1999-2016

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  • Andrzej K. Koźmiński
  • Katarzyna Piotrowska
  • Krzysztof Zagórski
  • Adam Noga

Abstract

Stemming from assumption that Gross Domestic Product is an index oversimplifying economic development and not reflecting socio-economic development, the paper presents conceptualization, operationalization and estimation of Balanced Development Index (BDI), concerning both economic and social development in Poland. Actual values of this index as well as its four composite components (middle-level indexes) are presented for 1999-2013. A statistical model allowing estimation of BDI values as well as short-term forecasts is proposed alongside with the concept of balanced development. Application of this model for 1999-2016 is presented.

Suggested Citation

  • Andrzej K. Koźmiński & Katarzyna Piotrowska & Krzysztof Zagórski & Adam Noga, 2015. "Operationalization and Estimation of Balanced Development Index for Poland 1999-2016," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 16(3), pages 461-478, September.
    • Handle: RePEc:csb:stintr:v:16:y:2015:i:3:p:461-478
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    Cited by:

    1. Zagórski Krzysztof, 2018. "Etatism versus liberalism: Economic attitudes in Poland after the world crisis," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(1), pages 149-170, March.

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