A New Measurement of Global Equity in a Sustainability Perspective: Examining Differences from Space and Time Dimensions

Abstract

With the increasing development gap, how to measure global equity in the perspective of sustainability has become an essential issue nowadays. To examine the intra-generational equity from the space dimension and the inter-generational equity from the time dimension, a new measurement of global equity in a sustainability is proposed in this paper. Firstly, a comprehensive assessment index of regional development and an index of regional equity are constructed based on panel data using an entropy weight method (EVW) and a coefficient of variation method (CVM). Secondly, the intra-generational equity within different continents and echelons and the inter-generational equity in seven fields over the last 30 years are analyzed. Lastly, the global equity index for the next 10 years is predicted based on a panel data autoregressive model. The results of the study will be a reference for global equity strategies.