An Automatic Anchoring of the Reference Social Index

Emil Dinga (), Cristina Tanasescu () and Gabriela-Mariana Ionescu ()
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Emil Dinga: Romanian Academy
Gabriela-Mariana Ionescu: Romanian Academy

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2022, vol. 162, issue 2, No 19, 935-957

Abstract: Abstract The paper offers a conceptual and methodological examination of the Reference Social Index (RSI) in Romania, which has been brought back to our attention, after a 10-year period during which its value did not change. The lack of political stability and, sometimes, the irresponsibility of governing parties create the risk of deviating the value of RSI, established by political decision, from the economic, social, and moral perspectives, and the support with which this indicator is invested. In considering the consequences generated by the possible arbitrary situation in setting the RSI value, it is necessary in the near future to identify a methodological anchor for the dynamic adjustment of the RSI value, avoiding the incidence of the political factor, that is, of arbitrariness. In this paper, a relevant macro-economic indicator for anchoring the RSI will be identified, so that its variation can be done automatically (via an automatic stabilization mechanism) without the circumstantial intervention of the political factor.

Keywords: Reference Social Index; Automatic stabilizer; Political factor; Social sustainability; Economic anchor (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s11205-021-02873-7

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