Measuring Detroit’s economic progress with the DEAI

Measuring Economic Progress

Economists have been inquiring into the nature and causes of the wealth of nations for centuries,1 but the regular and systematic construction of official quantitative measures of relative economic progress is a phenomenon of recent decades. A key role in this transformation was played by Colin Clark, who held that ‘[c]omparisons of economic welfare between one community and another, one econom...

Discussion of Measuring Economic Progress

One of the strongest motives in life is the desire to ‘keep up with the Joneses’. In economic debate, this tendency is reflected in a concern with international rankings of various kinds. These rankings are frequently used to bolster a variety of spurious arguments. A typical form of the argument is ‘Australia has declined relative to country X on scale Y, and we should therefore adopt policy Z...

Context-Dependent Data Envelopment Analysis-Measuring Attractiveness and Progress with Interval Data

Data envelopment analysis (DEA) is a method for recognizing the efficient frontier of decision making units (DMUs).This paper presents a Context-dependent DEA which uses the interval inputs and outputs. Context-dependent approach with interval inputs and outputs can consider a set of DMUs against the special context. Each context shows an efficient frontier including DMUs in particular l...

Measuring Global Educational Progress

Measuring Student and School Progress with the California API

This paper focuses on interpreting the major conceptual features of California’s Academic Performance Index (API) as a coherent set of statistical procedures. To facilitate a characterization of its statistical properties, we first cast the index as a simple weighted average of the subjective worth of students’ normative performance and present its estimation in the form of a linear model. In t...