FSIN Technical Series No. 7: Quantitative Analyses for Resilience Measurement
Recognizing that the final value of the growing body of work on resilience will be settled through empirical study, the Resilience Measurement Technical Working Group (RM-TWG) was formed to offer guidance on sound measurement practices.
As the foundation for empirical work on resilience, measurement involves a set of methods that translate abstract concepts into quantitative representations (e.g. indicators, variables, scales or models). Based on accepted procedures from econometrics and statistics, quantitative methods for resilience measurement may be described using two estimation frameworks.
The first is concerned with resilience as a variable. The associated analysis methods address the question “What procedures can be used to define the set of indicators that represent resilience?”. The second estimation framework examines relationships in which resilience is a key variable. Analysis methods for this framework address the question “How can we model and test the way in which resilience is part of a relationship?”. With these frameworks and questions in mind, the objective of this RM-TWG technical briefing is to present some of the quantitative methods that may be used in resilience analysis.
Section 2 of this briefing comprises a short discussion of the importance of defining resilience clearly. The following two sections explore the questions associated with the two estimation frameworks, offering a series of guiding principles and, where appropriate, formulaic expressions. Section 5 contains a few observations on data requirements.
This briefing is deliberately concise; for detailed explanations of the more technical aspects of resilience measurement, please consult the list of resources provided at the end of the paper, where there is also a glossary of terms.