Title
An envelopment-based approach to measuring regional social progress
Date Issued
01 June 2020
Access level
metadata only access
Resource Type
journal article
Publisher(s)
Elsevier Ltd
Abstract
Today, more than ever, it is becoming evident that Gross Domestic Product (GDP) alone is not sufficient in guiding national development strategies. In this sense, measuring the social progress of a country can provide an additional lens on national performance, which would eventually help policymakers to not only gain an advanced understanding of the ways that would unleash greater long-term economic success, but also be able to propose strategies that would create the conditions for all individuals in a society to reach their full potential, enhancing and sustaining the quality of their lives. In this paper, we propose a method to measure social progress at the sub-national level, with an application to the Peruvian regions. As such, this paper builds a unified envelopment-based model for integrating a two-stage process of the index generation. We compare and contrast the radial and non-radial envelopment approaches; it is evident from the model that the non-radial approach provides better insights when compared to the radial approach.
Volume
70
Language
English
OCDE Knowledge area
Negocios, Administración
Subjects
Scopus EID
2-s2.0-85066151084
Source
Socio-Economic Planning Sciences
ISSN of the container
00380121
Sources of information:
Directorio de Producción Científica
Scopus