On the measurement of certain aspects of social development |
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Authors: | Amal Kantiray |
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Institution: | 1. D-25, RBI Officers' Colony, Poorvi Marg, Vasant Vihar, 110 057, New Delhi, India
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Abstract: | An attempt has been made in this paper to measure social development. There has been some limited use of per capita national income as a measure of development. A number of social indicators from various societal areas may, alternatively, better represent social development of a region. A composite index of selected social indicators has been proposed as a measure of social development. Certain existing methods of construction of composite indexes have been examined and new methods proposed using the variance-covariance matrix and intercorrelation matrix of the indicators and the concept of (Euclidean) distance. Two examples of intertemporal and international comparisons have been presented to illustrate the proposed methods.The author is grateful to Prof. M. Mukherjee under whose supervision and guidance this work was carried out. However, the views expressed in this paper are those of the author and not of the institution to which he belongs. |
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