How was the 2010 Prosperity Index compiled?
We went through three major stages of research, statistical analysis, and review. The first was to take lessons learned from established theoretical and empirical literature. This research enabled us to determine the foundations of prosperity and indentify data sources that contained measurements for these foundations. Secondly, through rigorous econometric analysis we determined which variables had statistically significant relationships to prosperity. Finally, we underwent a review by independent academic advisors in different fields related to prosperity. The result of this analysis is a Index that provides assessments of countries’ performances on 89 measures of wealth and wellbeing. For more information on this process, please refer to the methodology section of the full report.
We went through three major stages of research, statistical analysis, and review. The first was to take lessons learned from established theoretical and empirical literature. This research enabled us to determine the foundations of prosperity and identify data sources that contained measurements for these foundations. Secondly, through rigorous econometric analysis we determined which variables had statistically significant relationships to prosperity. Finally, we underwent a review by independent academic advisors in different fields related to prosperity. The result of this analysis is an Index that provides assessments of countries’ performances on 89 measures of wealth and wellbeing. For more information on this process, please refer to the methodology section of the full report.
