Complex evaluation of the development of

Abstract

To measure the above parameter, a so-called indicator of new economy (INE) based on ten variables characterizing the development and effective use of „new economy" has been recently offered. The variables considered include: quality of legislation regulating contracts, infrastructure, the development of free trade and financial markets, research expenditures, quality of labor force, flexibility of labour market, flexibility of commodity markets, business undertakings and macroeconomic stability. The FNE indicator is a weighted sum of all ten variables for each state. It may also be calculated as a non-weighted sum of all the related criteria. It may be assumed (based on the expertise) that the impact of any particular variable (criterion) on the general indicator of „new economy" varies to some extent, therefore, multiple criteria decision-making methods should be used for complex evaluation of INE.