META-ANALYSES OF COMPOSITE INDICES IN THE EVALUATION OF EUROPEAN UNION TERRITORY
META-ANALYSES OF COMPOSITE INDICES IN THE EVALUATION OF EUROPEAN UNION TERRITORY

Author(s): Lukáš Melecký
Subject(s): Social development, Economic development, EU-Accession / EU-DEvelopment
Published by: Masarykova univerzita nakladatelství
Keywords: composite index; development process; EU territory; indicators; meta-analyses;
Summary/Abstract: Measurement of territorial progress with regards to achieving the developmental potential plays a crucial role in improving the prosperity and quality of life in any territories. This process has proved difficult as contemporary views on measurement of territorial development are multidimensional concepts. Several methods of evaluating the level of development exist, most of methods have their own limitations, especially in selection of relevant indicators and weighting scheme. Despite the limitations, several approaches in the form of composite indices has been proposed by the European Union (EU) and subsequent institutions for the EU evaluation in the field of cohesion, competitiveness, entrepreneurship, inclusive society, innovation, regional development and potential, resilience, social progress, etc. The aim of the paper is to review the relevant approaches to evaluation of territorial development (especially the EU case) based on composite indices and give an overview of notion and main empirical results. Meta-analyses is based on comprehensive analysis of scientific literature and research studies of constructing the territorial composite indices. Results of meta-analysis will be utilised as a tool for future analysis in measuring regional efforts and progress as well as to compare territories regarding the level of regional development potential based on construction of own index.

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