NDLI: An Iterative Multivariate Post Hoc I-Distance Approach in Evaluating OECD Better Life Index

Content Provider	Springer Nature Link
Author	Marković, M. Zdravković, S. Mitrović, M. Radojičić, A.
Copyright Year	2015
Abstract	With the growing interest in evaluation of quality of life, emerging number of methods are presented. Each contribution varies depending on the matter of interest, and all of them address the issue of subjective weighting factors. The objective of this paper is to explore possibilities to enhance Better Life ranking methodology, available from the Better Life initiative website, using I-distance method. The result was twofold: firstly, we pointed out potential shortcomings of subjectively chosen weights of Better Life ranking methodology by employing our I-distance approach. Secondly, we provided detailed information on how each Better Life indicator contributes to the final position and emphasize the essential indicators in the process of ranking. We have collected the latest available data for 2014, including all 24 indicators of the Better Life composite index. After that we have compared the two ways of rankings, i.e. the I-distance ranking and the Better Life ranking, emphasizing the improvement offered by the I-distance methodology. Further, through iterative exclusion of indicators based on the level of their significance, we have reached the highest quality of the model. That model includes the following six indicators: personal earnings, water quality, life satisfaction, household net adjusted disposable income, employment rate, rooms per person. Hereby, we have compared and presented ranking changes at each iteration for the top 10 countries, which offer a level of consistency in their rank. In addition, one of the objectives is to help policymakers focus on the key indicators in order to improve the ranking of the country, showing governments and administrations which indicators are the most important to invest into. Moreover, our approach could be the foundation for impartial framework of the quality of life’s assessment, independent of subjectively formed weighting factors.
Starting Page	1
Ending Page	19
Page Count	19
File Format	PDF
ISSN	03038300
Journal	Social Indicators Research
Volume Number	126
Issue Number	1
e-ISSN	15730921
Language	English
Publisher	Springer Netherlands
Publisher Date	2015-01-28
Publisher Place	Dordrecht
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Composite index Better Life Index I-distance method Ranking of countries OECD countries Sociology Quality of Life Research Microeconomics Public Health Human Geography
Content Type	Text
Resource Type	Article
Subject	Sociology and Political Science Arts and Humanities Developmental and Educational Psychology

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Measuring World Better Life Frontier: A Composite Indicator for OECD Better Life Index

Measuring Multidimensional Inequality in the OECD Member Countries with a Distribution-Sensitive Better Life Index

Erratum to: Measuring Multidimensional Inequality in the OECD Member Countries with a Distribution-Sensitive Better Life Index

Incorporating Sustainability Concerns in the Better Life Index: Application of Corrected Convex Non-parametric Least Squares Method

Sustainability Ranking for Cuban Tourist Destinations Based on Composite Indexes

REDESIGNING THE GLOBAL FOOD SECURITY INDEX: A MULTIVARIATE COMPOSITE I-DISTANCE INDICATOR APPROACH

A Measure of the Cultural Distance Between Countries

Composite Indices of Development and Poverty: An Application to MDGs

On a Generalized Non-compensatory Composite Index for Measuring Socio-economic Phenomena

An Iterative Multivariate Post Hoc I-Distance Approach in Evaluating OECD Better Life Index

Similar Documents

Measuring World Better Life Frontier: A Composite Indicator for OECD Better Life Index

Measuring Multidimensional Inequality in the OECD Member Countries with a Distribution-Sensitive Better Life Index

Erratum to: Measuring Multidimensional Inequality in the OECD Member Countries with a Distribution-Sensitive Better Life Index

Incorporating Sustainability Concerns in the Better Life Index: Application of Corrected Convex Non-parametric Least Squares Method

Sustainability Ranking for Cuban Tourist Destinations Based on Composite Indexes

REDESIGNING THE GLOBAL FOOD SECURITY INDEX: A MULTIVARIATE COMPOSITE I-DISTANCE INDICATOR APPROACH

A Measure of the Cultural Distance Between Countries

Composite Indices of Development and Poverty: An Application to MDGs

On a Generalized Non-compensatory Composite Index for Measuring Socio-economic Phenomena

An Iterative Multivariate Post Hoc I-Distance Approach in Evaluating OECD Better Life Index