ON THE METHOD OF CONSTRUCTING DYNAMICALLY COMPARABLE COMPOSITE INDICES
Abstract
This paper proposes a new method for constructing dynamic composite indices that has two important properties, such as nonnegative weights and dynamic comparability. The method is applied to construct a composite index of population health, as an example. The current method of composite indices’ construction is compared to existing approaches, namely the principal component method and the technique suggested by D. Borzykh in 2016. In contrast to the latter, the new approach meets both requirements, i.e. dynamic comparability and nonnegativity of weights. Thus, it is shown that the method suggested in this paper has the best properties.
About the Authors
D. A. Borzykh
National Research University Higher School of Economics
Russian Federation
Borzykh Dmitriy A., Senior Lecturer, Department of Applied Economics, Faculty of Economic Sciences
Russian Federation
Borzykh Dmitriy A., Senior Lecturer, Department of Applied Economics, Faculty of Economic Sciences
K. K. Furmanov
National Research University Higher School of Economics
Russian Federation
Furmanov Kirill K., PhD in Economics, Associate Professor, Department of Applied Economics, Faculty of Economic Sciences
Russian Federation
Furmanov Kirill K., PhD in Economics, Associate Professor, Department of Applied Economics, Faculty of Economic Sciences
I. K. Chernysheva
National Research University Higher School of Economics
Russian Federation
Chernysheva Irina K., Senior Lecturer, Department of Applied Economics, Faculty of Economic Sciences
Russian Federation
Chernysheva Irina K., Senior Lecturer, Department of Applied Economics, Faculty of Economic Sciences
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Review
For citations:
Borzykh D.A., Furmanov K.K., Chernysheva I.K. ON THE METHOD OF CONSTRUCTING DYNAMICALLY COMPARABLE COMPOSITE INDICES. Vestnik NSUEM. 2016;(4):67-83. (In Russ.)
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