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

Author

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  • Koźmiński Andrzej K.

    (President, Kozminski University, Warsaw, Poland)

  • Noga Adam

    (Department of Economics, Kozminski University, Warsaw, Poland)

  • Piotrowska Katarzyna

    (Department of Statistical Methods and Informatics, Kozminski University, Warsaw, Poland)

  • Zagórski Krzysztof

    (Empirical Sociology Center, Kozminski University, Kozminski University, Warsaw, Poland)

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

  • Koźmiński Andrzej K. & Noga Adam & Piotrowska Katarzyna & Zagórski Krzysztof, 2015. "Operationalization and Estimation of Balanced Development Index for Poland 1999-2016," Statistics in Transition New Series, Polish Statistical Association, vol. 16(3), pages 461-487, September.
    • Handle: RePEc:vrs:stintr:v:16:y:2015:i:3:p:461-487:n:2
    DOI: 10.21307/stattrans-2015-026
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    References listed on IDEAS

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