Analytical Assessment of Inclusive Growth in Bangladesh
Methodology
Limitations of the index
✓ To some extent choice of indicators was dictated by data availability
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Critical indicators regarding social protection, environment, technology,
productivity and work environment could not be incorporated due to lack of
comparable time series data
✓ The selection of indicators was made keeping the developing country context in
mind. For a different set of countries - particularly developed ones - the selected
indicators could be different
✓ Within a pillar, each indicator has equal weight. While constructing the composite
index, the pillars' weights were assigned based on their perceived relative
significance on the process of attaining inclusive growth. Although this process
involves implicit value judgment - similar method was followed by McKinley (2010)
✓ The results of this index depend on the sample of countries due to the applied linear
transformation technique. Any change in country composition will alter the outcome
from this index. In this context, it is a suitable tool for the comparison of peer
countries rather than countries on diverse stages of development
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