EVALUATING THE SUSTAINED DEVELOPMENT OF SOCIO- ECONOMIC SYSTEMS
EVALUATING THE SUSTAINED DEVELOPMENT OF SOCIO- ECONOMIC SYSTEMS

Summary/Abstract: The conventional approach to assessing thedevelopmental level of any socioeconomic system (SES)is to consider only its state in a given year. However, thisapproach does not adequately reflect the dynamic andcomplex nature of SES, which are inherently unstable dueto their inertia. In other words, the developmentindicators at any point in time (year) of the consideredperiod (CP) largely depend on the results of thedevelopment that occurred in the previous periods. Thismakes it difficult to adequately quantify the developmentof SES over a specific period. This paper presents a novelmethodology for obtaining the SES sustaineddevelopment index by combining the values of twoparameters – intensity and uniformity. Since the formermust take into account the totality of both positive andnegative changes that occurred during the CP, correlationregression analysis is used to calculate the values. Thelatter is reflected by the value relationships of actualchanges in individual periods of CP with SESdevelopment taking place without any deviations. Giventhat the importance of intensity and uniformity forsustained development is not the same, multi-criteriamethod is used to combine the values in a representativemanner.

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