Published : 2017-06-14

Modified human development index and its weighted alternative – the case of Visegrad Four plus Austria and Slovenia

Jan Nevima



Zuzana Kiszová



Abstract

The paper solves the problem of alternative access towards modified human development index (MHDI) of the Visegrad Four Group Plus NUTS 2 regions. Analytic hierarchy process (AHP) is one of multicriteria decision-making methods. It is based on pairwise comparison matrices and eigenvector method. AHP enables to derive unknown/undetermined priorities of factors. The basic aim of the contribution is due to the method of analytic hierarchy process to define the position of NUTS 2 regions in period of 2004-2013 years. The sense of applying the method will be setting the ranking of NUTS 2 regions reflecting their HDI for the year. AHP is used to derive unknown or undetermined weights of macroeconomic indicators influencing the MHDI.

Keywords:

Human development index, analytic hierarchy process, eigenvalue method, Visegrad Four Group Plus, NUTS 2



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Nevima, J. ., & Kiszová, Z. . (2017). Modified human development index and its weighted alternative – the case of Visegrad Four plus Austria and Slovenia. Forum Scientiae Oeconomia, 5(2), 102–111. https://doi.org/10.23762/fso_vol5no2_17_8

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