In Search of Non-Fragility of the Socio-Economic System: Using the Synthetic BDI Index Cover Image

W poszukiwaniu antykruchości systemu społeczno-ekonomicznego – zastosowania syntetycznego wskaźnika ALK
In Search of Non-Fragility of the Socio-Economic System: Using the Synthetic BDI Index

Author(s): Andrzej K. Koźmiński, Adam Noga, Katarzyna Piotrowska, Krzysztof Zagórski
Subject(s): National Economy, Economic development, Socio-Economic Research
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: balanced development index (BDI); socio-economic development; Poland;

Summary/Abstract: The paper presents a new composite Balanced Development Index (BDI), named “ALK Indicator”, applied to analyse and predict socio-economic changes in Poland during 1999-2015 period. This is done because traditional measures of economic development, such as GDP growth, inflation, state budget etc., are insufficient for assessing and forecasting socio-economic situation of the country, shaping the living conditions of the society. There are four groups of indicators entering the composite BDI: two economic (internal and external) and two social (current situations and predictions). They are used to construct four intermediate indexes, which are aggregated into the general BDI. The validity of that index is proven by its high correlation with confidence indicators reflecting the assessments of socio-economic situation in the country and psychological condition of the society. The authors present the analysis of the past socio-economic development in Poland, based on this composite index. The results are interpreted in terms of balanced socio-economic development as guidelines for socio-economic policy.

  • Issue Year: 2016
  • Issue No: 1
  • Page Range: 32-60
  • Page Count: 29
  • Language: Polish
Toggle Accessibility Mode