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Country Welfare and the Political Game
Högskolan i Skövde, Institutionen för teknik och samhälle.ORCID iD: 0000-0003-0407-7024
2011 (English)In: 13th Uddevalla Symposium 2010: Innovation and Multidimensional Entrepreneurship - Economic, Social and Academic Aspects / [ed] Iréne Bernhard, University West , 2011, p. 417-430Conference paper, Published paper (Refereed)
Abstract [en]

We measure country welfare by an index number calculated from welfare components like GDP per capita and expected length of life. We rank countries from high to low welfare using such estimated welfare indices. In such calculation the chosen welfare components, the procedures used to normalize them, and the weight structure are important. Changing the components, the normalization procedures, or the weight structure change the welfare indices and it may in the next step also alter the rank order. In this paper, I present information about the importance of the weight structure, and the normalization procedure, taking the welfare components that follow I extract the rank order for each structure. The result of this procedure is a rank order distribution for each country. In this paper, I present the rank order distribution for some countries. For example: According to the human development index Sweden is ranked at 7th place. With random weights Sweden is ranked as high as fifth place in 5.1 per cent of the cases, and as low as 14th in 13.6 per cent of the cases, with the mean rank equal to 9.8. The ruling political parties and the political opposition can choose weights and normalization procedure to favor their argument, even though they start from the same data.

Place, publisher, year, edition, pages
University West , 2011. p. 417-430
Series
Research reports, ISSN 1653-7831 ; 2011:01
Keywords [en]
Welfare, components, weights, index, ranking, distribution
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-49849OAI: oai:DiVA.org:hj-49849DiVA, id: diva2:1454093
Conference
13th Uddevalla Symposium, 16–22 August, 2010, Jönköping, Sweden
Available from: 2020-07-14 Created: 2020-07-14 Last updated: 2020-07-14Bibliographically approved

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Olsson, Michael

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Citation style
  • apa
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