Author:
Iwona Müller-Frączek Faculty of Economic Sciences and Management, Nicolaus Copernicus University, ul. Gagarina 13 a, 87-100, Toruń, Poland

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Abstract

Synthesizing multidimensional phenomena such as well-being in the form of composite indicators has been gaining popularity in recent years. The Mazziotta-Pareto Index is one of the methods of constructing non-compensatory composite indices. The paper proposes a modification of this method, which (unlike the original) enables periodical measurements and can be used to compare countries in research on East European transition. The essence of this modification is the use of anti-pattern normalization, during which only current data is used, and yet after normalization, the indicators are in a certain way comparable over time. The Anti-Pattern Normalized Mazziotta-Pareto Index (APMPI), unlike the original, does not change the previously determined values after the inclusion of new data. Both the imperfection of the original approach and the new proposal are illustrated by an empirical example. Indices of well-being for the OECD countries are constructed. The example shows that although AMPI and APMPI values are not comparable, the rankings based on them are not very different.

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  • Agovino, M.Garofalo, A. (2014): Flexicurity Index for Disabled People: Evidence from Italy. Rivista Internazionale di Scienze Sociali, 4: 357382.

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  • Agovino, M.Rapposelli, A. (2017): Speculation on a Flexicurity Index for Disabled People: The Italian case. Social Indicators Research, 130(1): 389414.

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  • Bandura, R. (2011): Composite Indices and Rankings: Inventory 2011 .New York: Technical Report, Office of Development Studies, United Nations Development Programme.

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  • Chelli, F.Ciommi, M.Emili, A.Taralli, S. (2016): Measuring Local Well-Being: A Comparison Among Aggregative Methods for the Equitable and Sustainable Well-Being. Rivista Italiana di Economia Demografia e Statistica, 70(4): 91102.

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  • De Muro, P.Mazziotta, M.Pareto, P. (2011): Composite Indices of Development and Poverty: An Application to MDGs. Social Indicators Research, 104(1): 118.

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  • Greco, S.Ushizaca, A.Tasiou, M.Torrisi, G. (2019): On the Methodological Framework of Composite Indices: A Review of the Issues of Weighting, Aggregation, and Robustness. Social Indicators Research, 141(1): 6194.

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  • Ivaldi, E.Bonatti, G.Soliani, R. (2016): The Construction of a Synthetic Index Comparing Multidimensional Well-Being in the European Union. Social Indicators Research, 125(2): 397430.

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  • Mazziotta, M.Pareto, A. (2007): Un Indicatore Sintetico di Dotazione Infrastrutturale: il Metodo Delle. In Atti Della XXVIII Conferenza Italiana di Scienze Regionali. Bolzano: AISRe.

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  • Mazziotta, M.Pareto, A. (2015): Comparing Two Non-Compensatory Composite Indices to Measure Changes over Time: A Case Study. Statistika: Statistics and Economy Journal, 95(2): 4453.

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  • Mazziotta, M.Pareto, A. (2016): On a Generalized Non-Compensatory Composite Index for Measuring Socio-Economic Phenomena. Social Indicators Research, 127(3): 9831003.

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  • Mazziotta, M.Pareto, A. (2018): Measuring Well-Being over Time: The Adjusted Mazziotta-Pareto Index versus Other Non-Compensatory Indices. Social Indicators Research, 136(3): 967976.

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  • Mihályi, P. (2014): Post-Socialist Transition in a 25-year Perspective. Acta Oeconomica, 64(S1): 124.

  • Müller-Frączek, I. (2018): Dynamic Measure of Development. In: Papież, M.Śmiech, S. (eds): The 12th Professor Aleksander Zelias International Conference on Modelling and Forecasting of Socio-Economic Phenomena. Conference Proceedings. Cracow: Foundation of the Cracow University of Economics, pp. 326334.

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  • Müller-Frączek, I. (2019a): Dynamic Measurement of Complex Phenomena in Assessing the Europe 2020 Strategy Effects. Regional Statistics, 9(1): 3253.

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  • Müller-Frączek, I. (2019b): Pattern Normalization – A New Tool for Dynamic Comparisons. Statistika: Statistics and Economy Journal, 99(2): 182197.

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  • Müller-Frączek, I. (2020a): Society Affluence vs Sport Development in Poland. Journal of Physical Education and Sport, 20(S2): 10851091.

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  • Müller-Frączek, I. (2020b): Effect of the Affluence of Society on the Development of Sport. Journal of Physical Education and Sport, 20(S5): 20233029.

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  • Podkaminer, L. (2015): Central and Eastern Europe: Trapped in Integration? Acta Oeconomica, 65(S1): 83106.

  • Sessa, M. (2016): Measuring and Monitoring the Achievements of the Millennium Development Goals through Dynamic Composite Indices. Social Indicators Research, 127(2): 469503.

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  • Tarantola, S. (2008): European Innovation Scoreboard: Strategies to Measure Country Progress over Time. JRC Scientific and Technical Reports, EUR, 23526. Luxembourg.

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Senior editors

Editors-in-Chief: István P. Székely, Dóra Győrffy

Editor(s): Judit Kálmán

Associate Editors

  • Péter Benczúr, Joint Joint Research Center, European Commission
  • Dóra Benedek, International Monetary Fund
  • Balázs Égert, OECD
  • Dániel Prinz, World Bank
  • Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

  • Anders Åslund, Georgetown University and Advisory Council of CASE, USA
  • István Benczes, Corvinus University of Budapest, Hungary 
  • Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
  • Fabrizio Coricelli, University of Siena, Italy
  • László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
  • Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
  • Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
  • Martin Kahanec, Central European University, Austria
  • Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
  • Péter Mihályi, Corvinus University of Budapest, Hungary
  • Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

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2023  
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Journal Impact Factor 0.7
Rank by Impact Factor Q3 (Economics)
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CiteScore 1.4
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Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
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Address
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ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)