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https://ruomo.lib.uom.gr/handle/7000/1046| Title: | Constructing composite indicators with Shannon entropy: The case of Human Development Index |
| Authors: | Karagiannis, Roxani Karagiannis, Giannis |
| Type: | Article |
| Subjects: | FRASCATI::Social sciences FRASCATI::Social sciences |
| Keywords: | Composite indicators Weighting Shannon entropy HDI |
| Issue Date: | Jun-2020 |
| Publisher: | Elsevier |
| Source: | Socio-Economic Planning Sciences |
| Volume: | 70 |
| First Page: | 100701 |
| Abstract: | In this paper, we propose a weighting scheme for constructing composite indicators based on Shannon entropy. Its main advantages are that it delivers a set of common weights across decision-making units that allow for complete comparison and ranking and is easy to implement. It can also be extended to provide group specific weights. We explore the potential of the suggested weighing method by using it to re-estimate the Human Development Index |
| URI: | https://doi.org/10.1016/j.seps.2019.03.007 https://ruomo.lib.uom.gr/handle/7000/1046 |
| ISSN: | 0038-0121 |
| Other Identifiers: | 10.1016/j.seps.2019.03.007 |
| Appears in Collections: | Department of Economics |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Shannon-HDI-5.pdf | manuscript | 1,17 MB | Adobe PDF |  View/Open |
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