PDF Measuring Country Performance and State Behavior

UNITED NATIONS DEVELOPMENT PROGRAMME

Measuring Country Performance and State Behavior: A Survey of Composite Indices

A UNDP/ODS Background Paper By Romina Bandura

Prepared for the Book Project The New Public Finance: Responding to Global Challenges

Office of Development Studies United Nations Development Programme, New York

- June 20, 2005 Note: The views expressed in this paper do not necessarily reflect those of UNDP. Please send comments and suggestions to the following e-mail address: ods@ or

TABLE OF CONTENTS

INTRODUCTION.......................................................................................................................... 6 Methodological Note ............................................................................................................................ 7 Structure of the Survey .........................................................................................................................7

OVERVIEW ................................................................................................................................. 8 ? Growth in the number of indices..................................................................................................8 ? What do the indices measure?......................................................................................................9 ? What is their purpose? ............................................................................................................... 10 ? Who elaborates these indices? ................................................................................................... 10 ? How many countries do the indices cover?................................................................................. 12 ? How are countries ranked or assessed?....................................................................................... 12 ? What sources of information are used to construct the indices?................................................... 13 ? How frequent are these indices updated?.................................................................................... 13 ? What are the some of the caveats or critiques to these indices? ................................................... 13 ? Where are these indices to be found? ......................................................................................... 14

REFERENCES............................................................................................................................ 19

INVENTORY OF INDICES (BY ALPHABETICAL ORDER) ............................................................. 21 1. Ageing Vulnerability Index ....................................................................................................... 22 2. AIDS Program Effort Index (API) ............................................................................................. 22 3. Alternative Country-Risk Index (Indice de Riesgo Pais Alternativo - IRPA) ............................... 22 4. APESMA Big Mac Index .......................................................................................................... 23 5. Assessing the Achievement of the Millennium Development Goals (MDGs).............................. 23 6. Bertelsmann Transformation Index (BTI) ................................................................................. 23 7. BIC3D Index............................................................................................................................. 24 8. Big Mac Index .......................................................................................................................... 25 9. BradyNet Ratings Ladder .......................................................................................................... 25 10. Bribe Payers Index (BPI)........................................................................................................... 25 11. Capital Access Index (CAI) ...................................................................................................... 26 12. Climate Analysis Indicators Tool (CAIT) .................................................................................. 26 13. Commitment to Development Index (CDI) ................................................................................ 26 14. Composite Score of Risk ? Business Risk Service (BRS) ........................................................... 27 15. Corruption Perception Index (CPI) ............................................................................................ 27 16. Country Indicators for Foreign Policy (CIFP) ............................................................................ 27 17. Country Policy and Institutional Assessment and IDA Country Performance Ratings ................. 28

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18. Country Risk Evaluation and Assessment Model (CREAM) Country Index................................ 28 19. Country Risk Rating.................................................................................................................. 29 20. CSGR Globalisation Index ........................................................................................................ 29 21. Dashboard of Sustainability....................................................................................................... 29 22. Democracy Score (Nations in Transit Ratings)........................................................................... 30 23. Disaster Risk Index (DRI) ......................................................................................................... 30 24. Early Motherhood Risk Ranking................................................................................................ 31 25. Ease of Doing Business ............................................................................................................. 31 26. E-Business Readiness Index ...................................................................................................... 32 27. Ecological Footprint .................................................................................................................. 33 28. Economic Freedom of the Word (EFW) Index ........................................................................... 33 29. Economic Vulnerability Index ................................................................................................... 33 30. Education for all Development Index (EDI) ............................................................................... 34 31. E-Government Index ................................................................................................................. 35 32. E-Government Readiness Index................................................................................................. 35 33. EIU Business Environment Rankings ........................................................................................ 35 34. EIU Country Risk Rating........................................................................................................... 36 35. EIU World Wide Cost of Living Index ...................................................................................... 37 36. Emerging Markets Bond Indices................................................................................................ 38 37. Environmental Performance Index (EPI).................................................................................... 38 38. Environmental Sustainability Index (ESI) .................................................................................. 39 39. Environmental Vulnerability Index (EVI) (In process) ............................................................... 39 40. E-Participation Index................................................................................................................. 39 41. E-Readiness Rankings ............................................................................................................... 40 42. Ethics Indices............................................................................................................................ 40 43. Ethno-linguistic and Religious Fractionalization Index and Political Instability Index................. 41 44. Eurochambres Economic Survey (EES) Indicators ..................................................................... 42 45. European Innovation Scoreboard (EIS) and Summary Innovation Index (SII)............................. 42 46. Financial Times Credit Ratings.................................................................................................. 43 47. Food Insecurity ......................................................................................................................... 43 48. Foreign Direct Investment Confidence Index ............................................................................. 44 49. FORELEND ? Lender's risk rating............................................................................................ 44 50. Gender Empowerment Measure (GEM)..................................................................................... 44 51. Gender Equity ........................................................................................................................... 45 52. Gender Gaps ............................................................................................................................. 45 53. Gender Gaps Scores in Education .............................................................................................. 46 54. Gender-related Development Index (GDI) ................................................................................. 46

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55. G-Index (Globalization Index)................................................................................................... 46 56. G-Index (Globalization Index)................................................................................................... 47 57. Global Civil Society Index (GCSI) -pilot ................................................................................... 47 58. Global Competitiveness Index ................................................................................................... 48 59. Global Investment Prospects Assessment (GIPA) ...................................................................... 49 60. Global Natural Disasters Risk Hotspots ..................................................................................... 49 61. Global Quality of Living ........................................................................................................... 49 62. Global Retail Development Index (GRDI) ................................................................................. 50 63. Global Risk Service................................................................................................................... 50 64. Global Terrorism Index ............................................................................................................. 50 65. Governance Indicators............................................................................................................... 51 66. Happiness Index........................................................................................................................ 51 67. Human Development Index (HDI) ............................................................................................. 52 68. Human Poverty Index (HPI) ...................................................................................................... 53 69. Human Rights Commitment Index............................................................................................. 53 70. Index Measuring the Strictness of Employment Protection Legislation (EPL)............................. 54 71. Index of Economic Freedom...................................................................................................... 54 72. Index of Human Insecurity ........................................................................................................ 55 73. Index of Human Progress .......................................................................................................... 55 74. Index of Social Vulnerability to Climate Change (SVI) .............................................................. 56 75. Innovation Capacity Index......................................................................................................... 56 76. Institutional Investor Country Credit ratings .............................................................................. 56 77. Internal Market Scoreboard and Internal Market Index............................................................... 56 78. International Country Risk Guide (ICRG) Ratings - Composite Risk Rating ............................... 57 79. International Index of Social Progress (ISP)............................................................................... 58 80. Investment and Performance in the Knowledge Based Economy ................................................ 58 81. Inward FDI Performance Index.................................................................................................. 59 82. Inward FDI Potential Index ....................................................................................................... 59 83. Latin American Index of Budget Transparency .......................................................................... 60 84. ITU Digital Access Index (DAI)................................................................................................ 61 85. Lisbon Scorecard....................................................................................................................... 61 86. Living Planet Index (LPI).......................................................................................................... 62 87. McKinsey Global Confidence Index .......................................................................................... 62 88. Major Military Spenders............................................................................................................ 62 89. Millennium Challenge Account country rankings....................................................................... 62 90. Mineral Extraction Risk Assessment (MERA) ........................................................................... 63 91. Mother's Index .......................................................................................................................... 64

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92. National Biodiversity Index (NBI) ............................................................................................. 64 93. Networked Readiness Index (NRI) ............................................................................................ 64 94. Official Development Assistance (ODA) Rankings.................................................................... 65 95. Offshore Location Attractiveness Index ..................................................................................... 65 96. Opacity Index (O-Factor) .......................................................................................................... 65 97. Outward FDI Performance Index ............................................................................................... 66 98. Overall Health System Achievement Index ................................................................................ 66 99. Overall Health System Performance Index................................................................................. 67 100. Overall Market Potential Index .................................................................................................. 67 101. Oxfam Survey of Donor Practices.............................................................................................. 68 102. Political Rights and Civil Liberties Ratings................................................................................ 68 103. Pollution-Sensitive Human Development Index (HDPI)............................................................. 69 104. Press Freedom Index ................................................................................................................. 69 105. Programme for International Student Assessment (PISA)........................................................... 69 106. Progress in International Reading Literacy Study (PIRLS) ......................................................... 70 107. Pro-Poor Policy (PPP) Index...................................................................................................... 70 108. Qualitative Risk Measure in Foreign Lending (QLM-FE) ? Financial Ethics Index..................... 70 109. Quality of Life Index................................................................................................................. 71 110. Quality of Life Index (QLI) ....................................................................................................... 71 111. Quality of Workforce Index (QWI)............................................................................................ 72 112. Reproductive Risk Index ........................................................................................................... 73 113. Responsible Competitiveness Index........................................................................................... 73 114. Science and Technology Indicators............................................................................................ 73 115. Social Watch Scorecard ? Thematic areas .................................................................................. 74 116. Sovereign Credit Rating ............................................................................................................ 74 117. Sovereign Credit Rating ............................................................................................................ 75 118. Sovereign Credit Rating ............................................................................................................ 76 119. Sovereign Credit Rating ............................................................................................................ 77 120. Sovereign Risk Rating ............................................................................................................... 77 121. Stability Index........................................................................................................................... 77 122. Sustainability Index................................................................................................................... 78 123. Technology Achievement Index ................................................................................................ 78 124. The Observer Human Rights Index ............................................................................................ 79 125. Tourism Competitiveness Monitor............................................................................................. 79 126. Transnationality Index of Host Economies................................................................................. 79 127. Trends in International Mathematics and Science Study (TIMSS) .............................................. 80 128. Under Five Mortality Rank ? U5MR (Child Welfare)................................................................. 80

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