Rebuilding the Pillars of Sustainable Society Index: A Multivariate Post Hoc I-Distance Approach

PROBLEMY EKOROZWOJU – Problems of Sustainable Development 2016, Vol. 12, No. 1, 125-134

10 Pages Posted: 21 Oct 2016

See all articles by Dejan Savić

Dejan Savić

University of Belgrade

Veljko Jeremic

University of Belgrade

Natasa Petrovic

University of Belgrade

Date Written: October 20, 2016

Abstract

Sustainable Society Index (SSI) is a composite indicator constructed to measure and describe societal progress along all three dimensions of sustainable development: human, environmental and economic. In this paper, we explore possibilities to evaluate and enhance SSI ranking calculation methodology based on the use of an iterative multivariate post hoc I-distance approach. Based on the assessment on how each indicator contributes to the final position of different countries and identification of the most influential indicators, we examine possibilities of reduction of a number of indicators. The goal is to improve the stability of the ranking results and overall quality of the model, focusing on the analysis of the relative contribution of the indicators in an iterative assessment process. By this, we provide in-depth analysis and more comprehensive understanding of specific factors that determines one country ranking position. Thus proposed approach can support policymakers to identify key indicators and focus the priority areas where investment in improvement measures and programs would have the most efficient impact on the overall positioning of the country.

Keywords: sustainable development; Sustainable Society Index; composite indicators; I-distance; relative contributions

JEL Classification: O13, Q20, Q32, Q41, R11, M14

Suggested Citation

Savić, Dejan and Jeremic, Veljko and Petrovic, Natasa, Rebuilding the Pillars of Sustainable Society Index: A Multivariate Post Hoc I-Distance Approach (October 20, 2016). PROBLEMY EKOROZWOJU – Problems of Sustainable Development 2016, Vol. 12, No. 1, 125-134 , Available at SSRN: https://ssrn.com/abstract=2856356

Dejan Savić (Contact Author)

University of Belgrade

Studentski trg 1
Belgrade, 11000
Serbia

Veljko Jeremic

University of Belgrade

Studentski trg 1
Belgrade, 11000
Serbia

Natasa Petrovic

University of Belgrade

Studentski trg 1
Belgrade, 11000
Serbia

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