| Assessment technique |
Benefits |
Drawbacks |
| Business cycle indexes |
Ability to forecast the economic development direction (crises and recoveries);Information value |
Assessment complexity, necessity of further data source;Difficulty in determining economic development stage;Applied only for the developed countries;Inability of independent derivation |
| KEI |
Provide the level of human capital development;Ability to partially assess innovation and information sector;Provide the level of knowledge economy institutional factors; |
Assessment complexity, necessity of further data source;Lack of industrial sector development data |
| CIPI |
Deep analysis of secondary production;Ability to assess prospects of transformative changes |
Assessment complexity;No data of structural reforms;Informational purposes, no data of lagging causes |
| Secondary Modernization Index |
Ability to assess quality of living;Ability to partially assess innovation sector;Provide insufficient data of key economic indicators;Assessment of knowledge economy development level |
Include KEI sub-aggregates;Informational purposes, necessity of further calculations for the building of a public policy |
| Sector analysis |
Provide the share of each sector;Ability to trace structural changes during evolution |
Absence of optimal structure model;Variety of structural analysis techniques, which assessed only one component of post-industrial development;Most of techniques emphasize the service sector skipping secondary production |
