Sustainable Development Indicator with Special Focus on Developing Countries. Proposal of New Sustainable Development Index (Nsdi)

Karahasanović Dina (), Tatić Kasim () and Avdić Armin ()
Additional contact information
Karahasanović Dina: Foreign Investment Promotion Agency of Bosnia and Herzegovina Sarajevo, Bosnia and Herzegovina
Avdić Armin: Faculty of Economics University of Sarajevo Sarajevo, Bosnia and Herzegovina

Scientific Annals of Economics and Business, 2012, vol. 59, issue 1, 257-273

Abstract: After a brief overview of contemporary indicators (environmental and sustainable development indicators), it is clear that developing countries are lagging behind and are not able to follow current trends. Due to the limited capacity, they have problems in updating the economic indicators and in submitting data to international institutions. Without a clear recommendation less developed countries with difficulties can follow the development of indicators. Therefore, the new index of sustainable development is proposed, which is based on available data and it is applicable to the less developed countries. The new sustainable development index (nSDi), as a simple and innovative model, enables the calculation and monitoring of sustainability, by using available data for most countries. According to the methodology, nSDi is based on the Human Development Index (HDI), but it is adapted toward the definition of sustainable development. In calculation follows the compatibility of economy, nature and society. According to these models, nSDi values for target European countries are calculated.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/v10316-012-0018-5 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:59:y:2012:i:1:p:257-273:n:18

DOI: 10.2478/v10316-012-0018-5

Access Statistics for this article

Scientific Annals of Economics and Business is currently edited by Ovidiu Stoica

More articles in Scientific Annals of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().