Dynamism Index

Overview

The Dynamism Index (DYI) measures a notional premium (or deficit) of economic freedom above total public sector delivery. 

Statistical Formulation

DYI is estimated by the composite index triangulation equation-form as follows.

DYI = {EFWI - WGI}, simplifed

DYI = [ Economic Freedom ] - [ Public Sector Delivery ]

A triangulation equation-form refers to a two-point measurement methodology capable of imputing statistical confidence derived from mutually independent uniform data series that are referenced to an identical sample set (country set). 

The DYI thus captures a transposition of country outcomes on the Economic Freedom of the World Index (EWFI) in contraposition to country results for core world governance indicators measured by the World Bank World Governance Index (WGI).