To the question of the world economy indexing

Andriy Serhiyovych Malovychko


This article discusses some of the world's indices. They have become the basis for the ratings of the countries that allow to evaluate their role on the world stage and extent of their involvement into such modern processes as globalization, integration, internationalization of production and so on. Special attention is paid to the methods and features of these indexes, the complexity of which is caused by the presence of a wide range of different indicators of public activities that make up the index. The variety of data and scales of some economies do not allow to standardize some parameters. In this case it is necessary to apply the method of normalization of the panel, which is described in the article. It is emphasized that the present method is not standard for any rating, because each of them has its own characteristics depending on the set of indicators that are part of it. There are the indicators that are presented in the article: the index of quality of life and life satisfaction index. They are calculated on the basis of expert opinion. Also in this paper it has been considered the method of construction of such important indices as KOF-index of globalization, global competitiveness index, index of human development, life satisfaction index, the index of quality of life.


index; world ranking; KOF-index of globalization; global competitiveness index; index of human development; life satisfaction index; the index of quality of life

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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