Dynamic measurement of complex phenomena in assessing the Europe 2020 strategy effects
Dynamic measurement of complex phenomena in assessing the Europe 2020 strategy effects

Summary/Abstract: The paper presents a novel construction of dynamic composite indicators modelled on the Human Development Index (HDI),where, instead of scaling, the author applies normalization with respect to anti-pattern: an original method of variable normalization.This method enables the reflection of different environments (reference groups) in dynamic synthetic comparative studies. An empirical example illustrates the utility of the new method. As regards the Europe 2020 strategy, the socio-economic development of 10 countries that joined the European Union (EU) in2004 is analysed from the perspective of this group of countries as well as the whole EU. The results for the two groups (environments) are similar, but not identical. The study finally carries out an in-depth analysis for the selected country, Poland. Again, both environments show visible differences.

• Details
• Contents