and services comparable across areas, is a difficult task. In this paper we attempt to construct a cost-of-living index …

In this paper we develop an index for comparing the cost of doing business across several metropolitan areas in the U ….S. Such indices can be used as leading indicators of metropolitan economic growth. To create the index, we first identify …-based and pooled techniques to derive such an index. The index's variance decreases as the time horizon for which it is used …

index. The governance index is computed as the weighted average of principal components of the standardized governance … therefore estimate the governance index on the basis of five indicators, such as crime rates, riots, industrial disputes and … strikes, Gini index, and debt-income ratio. Then we propose to explore whether the quality of governance determines …

Unlike aversion to inequality, aversion to poverty resists formalization in welfare economics. One way to assign … normative significance to the poverty line is to allow the welfare measure to exhibit a discrete loss from poverty (DLP) at z …

(if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … poverty solely and not with inequality is internally inconsistent. …