Alternative versions of the global competitive industrial performance ranking constructed by methods from social choice theory
Andrey Subochev, Igor Zakhlebin
TL;DR
This paper explores alternative methods from social choice theory to construct different versions of the global industrial performance ranking, aiming to improve or diversify the assessment of national competitiveness.
Contribution
It introduces novel ranking methods based on social choice theory to create alternative industrial performance indices.
Findings
Different rankings highlight varying country performances.
Social choice-based methods provide diverse perspectives on competitiveness.
Potential for more robust and inclusive assessments.
Abstract
The Competitive Industrial Performance index (developed by experts of the UNIDO) is designed as a measure of national competitiveness. Index is an aggregate of eight observable variables, representing different dimensions of competitive industrial performance.
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Taxonomy
TopicsGlobal Trade and Competitiveness · Multi-Criteria Decision Making