A New Multidimensional Measure of Development: The Role of Technology and Institutions

Ganegodage, K. Renuka; Rambaldi, Alicia N.; Rao, D. S. Prasada; Tang, Kam Ki

doi:10.1007/s11205-015-1139-7

Cited by 2 publications

(10 citation statements)

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“…Based on previous research findings, it was found that the main dimensions of a multidimensional composite index for measuring regional development should include the knowledge accumulation, quality of life, and underlying health levels of societies [33] (p. 4). Thus, also taking into account the dimensions used and presented previously by Ganegodage et al [32], we consider that the five dimensions defined by us are relevant and appropriate for a regional analysis of the development in a Central and Eastern European country, and the selected indicators are also valid for a longer period of time. However, the specific selection of indicators for each dimension (sub-index) was established with multivariate statistical methods from a larger variable list, which are available in a territorial range for a longer period of time.…”

Section: Romanian Regional Development: Previous Methods and Analysesmentioning

confidence: 98%

“…Research questions. Starting from the dimensions used by Ganegodage et al [32], and from the methodological and content considerations on cultural areas formulated by Sandu [35,36], and also considering Jongh and Meyer's [9] caution and the advice of Greco et al [45] on subjective weighting (he warns us to be cautious when constructing-combining and using multidimensional composite indices, because of the subjective weightings or other subjectivities included in the methodology), as well as Periši and Wagner's [44] (p. 207) recent findings on the advantages of multidimensional methods, this research tries to answer the following questions:…”

Section: Methodsmentioning

confidence: 99%

“…The idea of new structural economics refers to the fact that a country that follows a comparative advantage growth strategy can achieve a faster development, a lower economic volatility, and less income inequality than other countries [29] (p. 306). Ganegodage et al [32] recently revised the pioneering approach of Adelman and Morris (1967), regarding a multidimensional measure of human development. They pointed out that the notion of development is not only multidimensional, but also changes with the stage of development.…”

Section: Theoretical Considerations 21 Literature Review and Conceptu...mentioning

confidence: 99%

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Changes in the Regional Development of Romania (2000–2019), Measured with a Multidimensional PEESH Index

2022

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Measuring development is a long-standing challenge in the social sciences. Although multidimensional and multivariate approaches to development present several conceptual and/or methodological problems, some studies have pointed out that the unidimensional view of economic progress has failed on a large scale. The main purpose of our article is to elaborate a multidimensional composite index called the PEESH (population, economic, education, social, and health) Development Index, for measuring socio-economic development in Romania with a territorial profile. The PEESH DI index presented in this paper contains five sub-dimensions: population dynamics, economy and labor force, education, social conditions and housing, and health and life conditions, including 22 core indicators. The components of the resulting multidimensional index were weighted using factor analysis and then aggregated transversely into a composite index. Our results show that the differentiated increase of the indicators composing the PEESH DI resulted in a certain restructuring of the development hierarchy of Romania’s counties between 2000 and 2019. These empirical facts strengthen the idea that development cannot be reduced to only economic growth, it comprises an important social dimension as well. Finally, we have strongly argued in this paper that it is time to switch from a single-sided and reductionist perspective of the measurement of regional disparities, within the framework of the Cohesion Policy in the European Union, to a wider and multidimensional perspective, reflecting the complex character of the development process.

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Section: Romanian Regional Development: Previous Methods and Analysesmentioning

confidence: 98%

Section: Methodsmentioning

confidence: 99%

Section: Theoretical Considerations 21 Literature Review and Conceptu...mentioning

confidence: 99%

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Changes in the Regional Development of Romania (2000–2019), Measured with a Multidimensional PEESH Index

2022

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“…Additionally, we included the following variables to operationalize the institutional development of a country: control of corruption (Mungiu and Harmann, 2019), government effectiveness (Ahmad and Saleem, 2014), political stability (Waterbury, 1976; Altun, 2016) and absence of violence (Buvinic and Morrison, 1999; Bowman et al , 2008), regulatory quality and rule of law (Boettke and Subrick, 2003; Ganegodage et al , 2017), and voice and accountability (Goetz and Jenkins, 2002). We also used directly related institutional parameters for franchising, such as specific laws and the number of days required to start a business.…”

Section: Methodsmentioning

confidence: 99%

“…We also used directly related institutional parameters for franchising, such as specific laws and the number of days required to start a business. Finally, we considered variables related to infrastructure, such as access to electricity and water, fixed broadband access, and cellphone subscriptions (Ganegodage et al , 2017).…”

Section: Methodsmentioning

confidence: 99%

Franchising and country development: evidence from 49 countries

Lanchimba

Porras

Méndez

et al. 2021

IJOEM

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PurposeAlthough previous research has examined the role of franchising for the economic development of countries, no empirical study to date has investigated the importance of franchising for social, infrastructural, and institutional development. The authors address this research gap by applying research results from the field of sustainable entrepreneurship and highlight that franchising has a positive impact on economic, social, institutional and infrastructural development.Design/methodology/approachThis study uses a fixed-effects model on a panel dataset for 2006–2015 from 49 countries to test the hypothesis that franchising positively influences various dimensions of country development such as economic social institutional and infrastructural development.FindingsThe findings highlight that franchising has a positive impact on the economic, social, infrastructural, and institutional development of a country. Specifically, the results show that the earlier and the more franchising systems enter a country, the stronger the positive impact of franchising on the country's economic, social, institutional, and infrastructural development.Research limitations/implicationsThis study has several limitations that provide directions for further research. First, the empirical investigation is limited by the characteristics of the data, which are composed of information from 49 countries (covering a period of 10 years). Because franchising is not recognized as a form of entrepreneurial governance in many emerging and developing countries, the available information is mainly provided by the franchise associations in the various countries. Hence, there is a need to collect additional data in each country and to include additional countries. Second, although the authors included developed and developing countries in the analysis, the authors could not differentiate between developed and developing countries when testing the hypotheses, because the database was not sufficiently complete. Third, future studies should analyze the causality issue between franchising and development more closely. The role of franchising in development may be changing depending on different unobserved country factors, economic sector characteristics, or development stages.Practical implicationsWhat are the practical implications of this study for the role of franchising in the development of emerging and developing economies? Because public policy in emerging and developing countries suffers from a lack of financial resources to improve the social, infrastructural and institutional environment, entrepreneurs, such as franchisors who expand into these countries, play an important role for these countries' development. In addition to their entrepreneurial role of exploring and exploiting profit opportunities, they are social, institutional, and political entrepreneurs who may positively influence country development (Schaltegger and Wagner, 2011; Shepard and Patzelt, 2011). Specifically, the findings highlight that countries with an older franchise sector (more years of franchise experience) may realize first-mover advantages and hence larger positive spillover effects on their economic, social, institutional and infrastructural development than countries with a younger franchise sector. Hence, governments of emerging and developing countries have the opportunity and responsibility to reduce potential market entry barriers and provide additional incentives for franchise systems in order to trigger these positive spillover effects. The authors expect that the spillover effects from the franchise sector on the economic, institutional, social and infrastructural development of a country are stronger in emerging and developing countries than in developed countries.Originality/valuePrevious research has focused on the impact of franchising on the economic development of a country, such as its growth of gross domestic product (GDP), employment, business skills, innovation and technology transfer. This study extends the existing literature by going beyond the impact of franchising on economic development: the results show that franchising as an entrepreneurial activity offers opportunities for economic, social, institutional, and infrastructural development, all of which are particularly important for emerging and developing economies. The findings of this study contribute to the international franchise and development economics literature by offering a better understanding of the impact of franchising on country development.

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A New Multidimensional Measure of Development: The Role of Technology and Institutions

Cited by 2 publications

References 30 publications

Changes in the Regional Development of Romania (2000–2019), Measured with a Multidimensional PEESH Index

Changes in the Regional Development of Romania (2000–2019), Measured with a Multidimensional PEESH Index

Franchising and country development: evidence from 49 countries

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