Analytical Assessment of Inclusive Growth in Bangladesh

Methodology Construction of the index a) Normalisation of the indicators: The indicators were transformed to a 1-10 scale (worst to best) using a linear min-max transformation. This can be presented as: indicator score = 9 × (indicator value - sample minimum) (sample maximum - sample minimum) For indicators which exhibit worse outcomes with higher values: indicator score = -9 × +1 - sample minimum) +10 (indicator value (sample maximum - sample minimum) b) Aggregation towards pillar score: Simple arithmetic mean, designating equal weight to all the constituent indicators, was used. Formally: pillar score = K Σk-1 indicator scoreк K 8

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