Abstract
Stiglitz's Commission on the Measurement of Economic Performance and Social Progress (CMEPSP) argued that well-being is multidimensional and identified eight distinct dimensions. Conventional linear techniques confirm that a large number of dimensions are needed to describe development. In contrast, a new non-linear technique that we introduce from chaos theory shows that a smaller number of dimensions are needed to span the development space. From the analysis, variables representing the Health, Education, Inequality and Individual Rights areas of life quality would provide a broad picture of development, whereas income per capita adds little extra information.
| Original language | English |
|---|---|
| Pages (from-to) | 445-455 |
| Number of pages | 11 |
| Journal | Journal of International Development |
| Volume | 25 |
| Issue number | 4 |
| Early online date | 18 Jan 2012 |
| DOIs | |
| Publication status | Published - May 2013 |
Keywords
- development
- well-being
- dimension
ASJC Scopus subject areas
- Organic Chemistry
- Inorganic Chemistry
- Waste Management and Disposal
- Leadership and Management
- Fundamentals and skills
- Care Planning
- Development
- Geography, Planning and Development
