The Proteus composite index: Towards a better metric for global food security. (February 2020)
- Record Type:
- Journal Article
- Title:
- The Proteus composite index: Towards a better metric for global food security. (February 2020)
- Main Title:
- The Proteus composite index: Towards a better metric for global food security
- Authors:
- Caccavale, Oscar Maria
Giuffrida, Valerio - Abstract:
- Highlights: The Proteus composite index measures food security in 185 countries over 28 years. The index tracks a country's state of food security and captures sudden onset crises. Globally food security has improved since 1990, with a slight reversal from 2014. Shortfalls typically associated with food security composite indices are addressed. A variance-based sensitivity analysis tackles sources of uncertainty in the index. Abstract: This paper proposes a new composite index to measure the multidimensional concept of food security. Although other indicators with the same objective exist, they come with several methodological shortfalls. The Proteus index makes a twofold contribution: a) we apply all the steps needed to tackle the uncertainty sources inherent to building a composite indicator (variable selection, data imputation, normalization, weighting and aggregation) and test the assumptions through a Monte Carlo procedure that applies a variance-based sensitivity analysis of model output; and b) the results are robust over time and are comparable within and between countries, thus allowing a measure that can track the country progress towards food security. We demonstrate that the main sources of output variability are weighting, normalization, data imputation, variable selection, and aggregation in descending order of importance, but interaction effects between the uncertainty sources also play a key role. The index provides a contribution to food security monitoring.Highlights: The Proteus composite index measures food security in 185 countries over 28 years. The index tracks a country's state of food security and captures sudden onset crises. Globally food security has improved since 1990, with a slight reversal from 2014. Shortfalls typically associated with food security composite indices are addressed. A variance-based sensitivity analysis tackles sources of uncertainty in the index. Abstract: This paper proposes a new composite index to measure the multidimensional concept of food security. Although other indicators with the same objective exist, they come with several methodological shortfalls. The Proteus index makes a twofold contribution: a) we apply all the steps needed to tackle the uncertainty sources inherent to building a composite indicator (variable selection, data imputation, normalization, weighting and aggregation) and test the assumptions through a Monte Carlo procedure that applies a variance-based sensitivity analysis of model output; and b) the results are robust over time and are comparable within and between countries, thus allowing a measure that can track the country progress towards food security. We demonstrate that the main sources of output variability are weighting, normalization, data imputation, variable selection, and aggregation in descending order of importance, but interaction effects between the uncertainty sources also play a key role. The index provides a contribution to food security monitoring. While it identifies countries requiring priority attention for their chronic situation, it proves flexible enough to capture sudden onset crises. It also reflects the main drivers that can dramatically affect a country's food security in the short run, insofar suggesting potential areas of intervention for policy makers. … (more)
- Is Part Of:
- World development. Volume 126(2020)
- Journal:
- World development
- Issue:
- Volume 126(2020)
- Issue Display:
- Volume 126, Issue 2020 (2020)
- Year:
- 2020
- Volume:
- 126
- Issue:
- 2020
- Issue Sort Value:
- 2020-0126-2020-0000
- Page Start:
- Page End:
- Publication Date:
- 2020-02
- Subjects:
- Food security -- Composite index -- Sensitivity analysis -- Sobol's method -- Monte Carlo modelling
Economic history -- 1990- -- Periodicals
Economic assistance -- Developing countries -- Periodicals
330.9 - Journal URLs:
- http://www.sciencedirect.com/science/journal/0305750X ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.worlddev.2019.104709 ↗
- Languages:
- English
- ISSNs:
- 0305-750X
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 9354.150000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
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