Socio-economic development of countries based on the Composite Country Development Index (CCDI)

Kalamkas NURALINA; Raissa BAIZHOLOVA; Natalya ALEKSANDROVA; Viktor KONSTANTINOV; Alexander BIRYUKOV

doi:10.1016/j.regsus.2023.03.005

Regional Sustainability >

2023 , Vol. 4 >Issue 2: 115 - 128

DOI: https://doi.org/10.1016/j.regsus.2023.03.005

Socio-economic development of countries based on the Composite Country Development Index (CCDI)

Kalamkas NURALINA ,
Raissa BAIZHOLOVA ,
Natalya ALEKSANDROVA ,
Viktor KONSTANTINOV ,
Alexander BIRYUKOV

Expand

^aDepartment of Economy, Shakarim State University Semei, Semey, 071412, Kazakhstan
^bDepartment of Economics and Entrepreneurship, L.N. Gumilyov Eurasian National University, Nur-Sultan, 021801, Kazakhstan
^cDepartment of Personnel Management, Transbaikal State University, Chita, 672000, Russia
^dDepartment of Economics, Finance and Accounting, Orel State University, 302020, Russia
^eDepartment of Economic Theory and Analysis, Sterlitamak Branch of the Ufa University of Science and Technology, Sterlitamak, 453130, Russia

*E-mail address: kanuralina@rambler.ru (K. NURALINA).

Received date: 2022-09-13

Revised date: 2023-01-11

Accepted date: 2023-03-22

Online published: 2023-06-16

Fold

Abstract

World experience indicates the existence of significant imbalances in the development of countries. The problem of assessing the rational development of the regional and national economy is becoming urgent, since such assessments can prevent development imbalances across countries. The aim of this study is to elaborate a methodology to assess the countries’ socio-economic development by integraring 12 modern indices of socio-economic development into the Composite Country Development Index (CCDI). The methodology of this research was based on a set of key indices that described socio-economic development level in four fields (social development, digital development, economic development, and environmental security) and then these indices were integrated into the CCDI. The study further applied factor analysis and R-Studio software to define the gaps of social and economic development in 59 selected countries using the trigonometric function of the angle sine. The correlation analysis confirmed the existence of a close interrelation among the studied countries. This paper noted that due to the emergence of new priorities, it is necessary to revise the assessment methodology of socio-economic development level and expand them to cover the decisive factors. This was confirmed by the results obtained, demonstrating various combinations of the development level in the four fields and their impact on the CCDI. The scientific contribution of this research is to form a methodology (e.g., the CCDI) for evaluating the socio-economic development level of countries in the world.

Key words： Composite Country Development Index (CCDI); Correlation analysis; Social development; Digital development; Economic development; Environmental security

Cite this article

Kalamkas NURALINA , Raissa BAIZHOLOVA , Natalya ALEKSANDROVA , Viktor KONSTANTINOV , Alexander BIRYUKOV . Socio-economic development of countries based on the Composite Country Development Index (CCDI)[J]. Regional Sustainability, 2023 , 4(2) : 115 -128 . DOI: 10.1016/j.regsus.2023.03.005

References

[1]	Adeleye N., Eboagu C., 2019. Evaluation of ICT development and economic growth in Africa. Netnom. Econ. Res. Electr. Netw. 20(1), 31-53.
[2]	Balogun A.L., Marks D., Sharma R., et al., 2020. Assessing the potentials of digitalization as a tool for climate change adaptation and sustainable development in urban centres. Sustain. Cit. Soc. 53, 101888, doi: 10.1016/j.scs.2019.101888.
[3]	Bertelsmann Stiftung, 2021. Bertelsmann Transformation Index. [2023-01-11]. https://bti-project.org/en/?&cb=00000.
[4]	Beylot A., Secchi M., Cerutti A., et al., 2019. Assessing the environmental impacts of EU consumption at macro-scale. J. Clean. Produc. 216, 382-393.
[5]	Bilan Y., Mishchuk H., Samoliuk N., et al., 2020. Impact of income distribution on social and economic well-being of the state. Sustainability. 12(1), 429, doi: 10.3390/su12010429.
[6]	Chehabeddine M., Tvaronavi?ien? M., 2020. Securing regional development. Insig. Region. Develop. 2(1), 430-442.
[7]	Cifuentes-Faura J., 2021. Analysis of containment measures and economic policies arising from COVID-19 in the European Union. Int. Rev. Appl. Econ. 35(2), 242-255.
[8]	Cornell University, INSEAD (Institut Européen d’Administration des Affaires), WIPO (World Intellectual Property Organization), 2021. Global Innovation Index 2020. [2023-01-11]. https://www.globalinnovationindex.org/Home.
[9]	De Francesco F., Maggetti M., 2018. Assessing disproportionality: Indexes of policy responses to the 2007-2008 banking crisis. Pol. Scien. 51(1), 17-38.
[10]	Didenko N.I., Skripnuk D.F., Kikkas K.N., et al., 2018. Innovative and technological potential of the region and its impact on the social sector development. In: 2018 International Conference on Information Networking (ICOIN). Institute of Electrical and Electronics Engineers (IEEE). Chiang Mai, Thailand, 611-615.
[11]	Draskovic M., Milica D., Mladen I., et al., 2017. Preference of institutional changes in social and economic development. J. Internat. Stud. 10(2), 318-328.
[12]	Dutta S., Lanvin B., 2020. The Network Readiness Index 2020: Accelerating Digital Transformation in a Post-COVID Global Economy. Portulans Institute. [2023-01-11]. https://networkreadinessindex,org/wp-content/uploads/2020/10/NRI-2020-Final-Report-October2020.pdf.
[13]	Fund for Peace, 2021. Fragile States Index. [2023-01-11]. https://fragilestatesindex.org/.
[14]	Glinskiy V., Serga L., Novikov A., et al., 2017. Investigation of correlation between the regions sustainability and territorial differentiation. Proc. Manufact. 8, 323-329.
[15]	Global Change Data Lab, 2021a. Civil Liberties, 2021. [2023-01-11]. https://ourworldindata.org/grapher/civil-liberties-fh?country=ARG-AUS-BWA-CHN.
[16]	Global Change Data Lab, 2021b. Political Rights Index. [2023-01-11]. https://ourworldindata.org/grapher/political-rights-fh?country=ARG-AUS-BWA-CHN.
[17]	Global Entrepreneurship and Development Institute, 2021. The Digital Platform Economy Index 2020. [2023-01-11]. http://thegedi.org/wp-content/uploads/2020/12/DPE-2020-Report-Final.pdf.
[18]	Global Hunger Index, 2021. Global Hunger Index Scores. [2023-01-11]. https://www.globalhungerindex.org/ranking.html.
[19]	Gopalan H.S., Misra A., 2020. COVID-19 pandemic and challenges for socio-economic issues, healthcare and national programs in India. Diab. Metab. Syndr. Clin. Res. Rev. 14(5), 757-759.
[20]	Greenberg P., 2017. Disproportionality and resource-based environmental inequality: An analysis of neighborhood proximity to coal impoundments in Appalachia. Rur. Sociol. 82(1), 149-178.
[21]	Gupta S., Deep K., 2019. A hybrid self-adaptive sine cosine algorithm with opposition based learning. Exp. Sys. Applic. 119, 210-230.
[22]	Hathroubi S., 2019. Inclusive finance, growth and socio-economic development in Saudi Arabia: A threshold cointegration approach. J. Econ. Develop. 44(2), 77-111.
[23]	He W., Zhang Z.J., Li W., 2021. Information technology solutions, challenges, and suggestions for tackling the COVID-19 pandemic. Int. J. Inf. Manage. 57, 102287, doi: 10.1016/j.ijinfomgt.2020.102287.
[24]	IMD International Institute for Management Development, Lausanne World Competitiveness Center, 2021a. The IMD World Digital Competitiveness Ranking 2020 Results. [2023-01-11]. https://www.imd.org/wcc/world-competitiveness-center-rankings/world-digital-competitiveness-rankings-2020/.
[25]	IMD World Competitiveness Center, 2021b. World Competitiveness Rankings 2020 Results. [2023-01-11]. https://www.imd.org/wcc/world-competitiveness-center-rankings/world-competitiveness-ranking-2020/.
[26]	IEF Index of Economic Freedom, 2021. Country Rankings. [2023-01-11]. https://www.heritage.org/index/explore?view=by-region-country-year#top.
[27]	Institute for Economics and Peace, 2021a. Global Peace Index 2021: Measuring Peace in a Complex World. [2023-01-11]. https://www.visionofhumanity.org/wp-content/uploads/2021/06/GPI-2021-web-1.pdf.
[28]	Institute for Economics and Peace, 2021b. Global Terrorism Index. [2023-01-11]. https://www.visionofhumanity.org/maps/global-terrorism-index/#/.
[29]	Knoema, 2021a. Global Entrepreneurship Index. [2023-01-11]. https://knoema.com/atlas/topics/World-Rankings/World-Rankings/Global-entrepreneurship-index.
[30]	Knoema, 2021b. Health-care Efficiency Index. [2023-01-11]. https://knoema.com/atlas/topics/World-Rankings/World-Rankings/Health-care-efficiency-index.
[31]	Knoema, 2021c. Knowledge Economy Index. [2023-01-11]. https://knoema.com/atlas/topics/World-Rankings/World-Rankings/Knowledge-economy-index.
[32]	Lachowicz M., Leszczyński H., 2020. Modeling asymmetric interactions in economy. Mathematics. 8(4), 523, doi: 10.3390/math8040523.
[33]	Legatum Institute Foundation, 2021. The Legatum Prosperity Index 2020. [2023-01-11]. https://www.prosperity.com/about/resources.
[34]	Lenzen M., Li M., Malik A., et al., 2020. Global socio-economic losses and environmental gains from the Coronavirus pandemic. PLoS ONE. 15(7), e0235654, doi: 10.1371/journal.pone.0235654.
[35]	Matthews R., 2019. Conclusion:New directions for Canadian sociological analysis and regional development policy. In: MatthewsR., (ed.). The Creation of Regional Dependency. Toronto: University of Toronto Press, 217-220.
[36]	Oldekop J.A., Horner R., Hulme D., et al., 2020. COVID-19 and the case for global development. Worl. Develop. 134, 105044, doi: 10.1016/j.worlddev.2020.105044.
[37]	Ozili P., 2020. COVID-19 in Africa: Socio-economic impact, policy response and opportunities. Intern. J. Sociol. Soc. Polic. 42(3/4), 177-200.
[38]	Parra C.M., Gupta M., Mikalef P., 2021. Information and communication technologies (ICT)-enabled severe moral communities and how the (Covid19) pandemic might bring new ones. Int. J. Inf. Manage. 57, 102271, doi: 10.1016/j.ijinfomgt.2020.102271.
[39]	P?una C., 2020. Reliable signals and limit conditions using trigonometric interpolation for algorithmic capital investments. In: Proceedings of 7^th Business systems laboratory international symposia conference. Alicante: University of Alicante, 1-16.
[40]	Prawoto N., Priyo Purnomo E., Az Zahra A., 2020. The impacts of Covid-19 pandemic on socio-economic mobility in Indonesia. Internat. J. Econom. Busin. Administ. 8(3), 57-71.
[41]	Property Rights Alliance, 2021. International Property Rights Index. [2023-01-11]. https://www.internationalpropertyrightsindex.org/#world-map.
[42]	Reporters without Borders, 2021. Press Freedom Index. [2023-01-11]. https://rsf.org/en/index.
[43]	Reyes G.E., Useche A.J., 2019. Competitiveness, economic growth and human development in Latin American and Caribbean countries 2006-2015: A performance and correlation analysis. Competit. Rev. Internat. Busin. J. 29(2), 139-159.
[44]	Riadh B.J., 2021. Global Foreign Direct Investment Country Attractiveness Index. [2023-01-11]. http://www.fdiattractiveness.com/ranking-2020/.
[45]	Social Progress Imperative, 2021. Social Progress Index. [2023-01-11]. https://www.socialprogress.org/index/global/results.
[46]	Stojkoski V., Utkovski Z., Jolakoski P., et al., 2022. The socio-economic determinants of the coronavirus disease (COVID-19) pandemic. Sci. Rep. 12, 7099, doi: 10.1038/s41598-022-10894-6.
[47]	Sustainable Development Report, 2021. Rankings. [2023-01-11]. https://sdgindex.org/reports/sustainable-development-report-2020/.
[48]	Sustainable Development Solutions Network, 2021. The World Happiness Report 2020. [2023-01-11]. https://worldhappiness.report/ed/2020/.
[49]	Tian Y., Wang L., 2019. Mutualism of intra-and inter-prefecture level cities and its effects on regional socio-economic development: A case study of Hubei Province, Central China. Sustain. Cit. Soc. 44, 16-26.
[50]	Transparency International, 2021. Corruption Perceptions Index. [2023-01-11]. https://www.transparency.org/en/cpi/2021?gclid=Cj0KCQiAzeSdBhC4ARIsACj36uE51sWcBIwDGuqhXsev1pKDJwyuHjgYy7cW7Q4jIorTqV5GV89ma0aAu7fEALw_wcB.
[51]	Udemba E.N., 2021. Nexus of ecological footprint and foreign direct investment pattern in carbon neutrality: new insight for United Arab Emirates (UAE). Environ. Sci. Pollut. Res. 28(26), 34367-34385.
[52]	United Nations Development Programme, 2021. Human Development Index. [2023-01-11]. http://hdr.undp.org/en/indicators/137506.
[53]	Vasconcelos V.V., 2021. Social justice and sustainable regional development: Reflections on discourse and practice in public policies and public budget. Insig. Region. Develop. 3(1), 10-28.
[54]	Wang D., Zhou T., Wang M., 2021. Information and communication technology (ICT), digital divide and urbanization: Evidence from Chinese cities. Technol. Soc. 64, 101516, doi: 10.1016/j.techsoc.2020.101516.
[55]	Wang M., Zhao X., Gong Q., et al., 2019. Measurement of regional green economy sustainable development ability based on entropy weight-topsis-coupling coordination degree-A case study in Shandong Province, China. Sustainability. 11(1), 280, doi: 10.3390/su11010280.
[56]	World Bank Group, 2021a. Carbon Dioxide Emissions. [2023-01-11]. https://data.worldbank.org/indicator/EN.ATM.CO2E.PC.
[57]	World Bank Group, 2021b. Ease of Doing Business Scores. [2023-01-11]. https://www.doingbusiness.org/en/data/doing-business-score.
[58]	World Bank Group, 2021c. Energy Intensity Level of Primary Energy. [2023-01-11]. https://data.worldbank.org/indicator/EG.EGY.PRIM.PP.KD.
[59]	World Bank Group, 2021d. GDP Per Capita Growth. [2023-01-11]. https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG.
[60]	World Bank Group, 2021e. GINI Index. [2023-01-11]. https://data.worldbank.org/indicator/SI.POV.GINI.
[61]	World Bank Group, 2021f. Global Gender Gap Index. [2023-01-11]. https://genderdata.worldbank.org/.
[62]	World Bank Group, 2021g. High-technology Exports. [2023-01-11]. https://data.worldbank.org/indicator/TX.VAL.TECH.MF.ZS.
[63]	World Bank Group, 2021h. Research and Development Expenditure. [2023-01-11]. https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS.
[64]	World Energy Council, 2021. Energy Trilemma Index. [2023-01-11]. https://trilemma.worldenergy.org.
[65]	Yale Center for Environmental Law & Policy, 2021. Environmental Performance Index. [2023-01-11]. https://epi.yale.edu/epi-results/2020/component/epi.
[66]	Yu Z., Razzaq A., Rehman A., et al., 2021. Disruption in global supply chain and socio-economic shocks: A lesson from COVID-19 for sustainable production and consumption. Operat. Managem. Res. 15(1), 233-248.

Options

Outlines

模态框（Modal）标题

Abstract

Cite this article

References