Calculating an Index of Economic Security: Methodological Choices

Syed Saad Mahmood

ISBN 10: 3659466387 / ISBN 13: 9783659466380

Published by LAP LAMBERT Academic Publishing Okt 2013, 2013

About this Item

Neuware -Security about one's economic future is something that is valued by risk-averse individuals and its absence may decrease their economic well-being. Therefore, rich societies have social protection mechanisms in place to guard people against potential economic hazards. However, such mechanisms may be absent in poor countries where people are not only poorer but exposed to significant economic risks. Under this context, this work inquires if there is a comparable way to measure an Index of Economic Security for a sample of three South Asian and seven OECD countries. We provide a theoretical framework to articulate why economic security is important in the measurement of well-being. We also discuss the human rights perspective on economic insecurity and its implications for measurement of economic security. After constructing a basic index, we conduct sensitivity analysis to determine how much impact methodological choices have on country performance.Books on Demand GmbH, Überseering 33, 22297 Hamburg 92 pp. Englisch.

Seller Inventory # 9783659466380

Bibliographic Details

• Title: Calculating an Index of Economic Security: Methodological Choices
• Publisher: LAP LAMBERT Academic Publishing Okt 2013
• Publication Date: 2013
• Language: English
• ISBN 10: 3659466387
• ISBN 13: 9783659466380
• Binding: Taschenbuch
• Condition: Neu

About this title

Synopsis

Security about one's economic future is something that is valued by risk-averse individuals and its absence may decrease their economic well-being. Therefore, rich societies have social protection mechanisms in place to guard people against potential economic hazards. However, such mechanisms may be absent in poor countries where people are not only poorer but exposed to significant economic risks. Under this context, this work inquires if there is a comparable way to measure an Index of Economic Security for a sample of three South Asian and seven OECD countries. We provide a theoretical framework to articulate why economic security is important in the measurement of well-being. We also discuss the human rights perspective on economic insecurity and its implications for measurement of economic security. After constructing a basic index, we conduct sensitivity analysis to determine how much impact methodological choices have on country performance.

About the Author

Syed S. Mahmood, MA: Studied Economics at Dalhousie University