Rankings of countries have become of great interest to the business community, governments and academics. They provide single and composite indicators on the competitiveness and growth prospects of countries. This article presents the rankings of the World Economic Forum, the International Institute for Management Development, the Fraser Institute, the Heritage Foundation and the Bertelsmann Foundation. We conclude that although the rankings provide useful information their methodology is in general rudimentary and calls for further improvement. Government policy should be cautious when drawing conclusions from such rankings. Copyright 2008 die Autoren Journal compilation 2008, Verein für Socialpolitik und Blackwell Publishing Ltd.
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Volume (Year): 9 (2008)
Issue (Month): 2 (05)
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References listed on IDEAS
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- Lall, Sanjaya, 2001. "Competitiveness Indices and Developing Countries: An Economic Evaluation of the Global Competitiveness Report," World Development, Elsevier, vol. 29(9), pages 1501-1525, September.
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- Michael Freudenberg, 2003. "Composite Indicators of Country Performance: A Critical Assessment," OECD Science, Technology and Industry Working Papers 2003/16, OECD Publishing.
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- Giuseppe Nicoletti & Stefano Scarpetta & Olivier Boylaud, 2000. "Summary Indicators of Product Market Regulation with an Extension to Employment Protection Legislation," OECD Economics Department Working Papers 226, OECD Publishing.
- Wolfgang Ochel & Oliver Röhn, 2006. "Ranking of Countries - The WEF, IMD, Fraser and Heritage Indices," CESifo DICE Report, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 4(2), pages 48-60, 07.
- Wolfgang Ochel, 2004. "Lernen von anderen Ländern: Zum internationalen Vergleich und Transfer von Arbeitsmarktinstitutionen," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(2), pages 139-158, 05.
- Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
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