IDEAS home Printed from
   My bibliography  Save this article

Assessing global competitiveness under multi-criteria perspective


  • Pérez-Moreno, Salvador
  • Rodríguez, Beatriz
  • Luque, Mariano


Nowadays competitiveness has become a key economic feature both in policy and in academia. The Global Competitiveness Index (GCI) of the World Economic Forum is one of the best known competitiveness indices, which measures the microeconomic and macroeconomic foundations of national competitiveness. It conceives competitiveness as the set of institutions, policies and factors that determines the level of productivity of a country. This index allows total substitutability between the twelve pillars that aim to measure the different dimensions of competitiveness, albeit partially modulated by some different weights. In this paper, we implement a multi-criteria approach with new alternative normalization and aggregation formulas for such pillars of competitiveness. In particular, we propose two innovations for the computation of the GCI: (i) a double reference point scheme in the normalization; and (ii) an aggregation function which deals with the problem of substitutability between pillars. We calculate three alternative global competitiveness indices (weak, strong and mixed) with different degrees of substitutability, as well as the mixed index without normalizing. We suggest the use of a suitable mixed index alongside the GCI.

Suggested Citation

  • Pérez-Moreno, Salvador & Rodríguez, Beatriz & Luque, Mariano, 2016. "Assessing global competitiveness under multi-criteria perspective," Economic Modelling, Elsevier, vol. 53(C), pages 398-408.
  • Handle: RePEc:eee:ecmode:v:53:y:2016:i:c:p:398-408
    DOI: 10.1016/j.econmod.2015.10.030

    Download full text from publisher

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Raj Nallari & Breda Griffith, 2013. "Clusters of Competitiveness," World Bank Publications, The World Bank, number 15788, December.
    2. Fagerberg, Jan & Srholec, Martin & Knell, Mark, 2007. "The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind," World Development, Elsevier, vol. 35(10), pages 1595-1620, October.
    3. Luque, Mariano & Ruiz, Francisco & Steuer, Ralph E., 2010. "Modified interactive Chebyshev algorithm (MICA) for convex multiobjective programming," European Journal of Operational Research, Elsevier, vol. 204(3), pages 557-564, August.
    4. Boltho, Andrea, 1996. "The Assessment: International Competitiveness," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 1-16, Autumn.
    5. Mercedes Delgado & Christian Ketels & Michael E. Porter & Scott Stern, 2012. "The Determinants of National Competitiveness," NBER Working Papers 18249, National Bureau of Economic Research, Inc.
    6. Luque, Mariano & Miettinen, Kaisa & Eskelinen, Petri & Ruiz, Francisco, 2009. "Incorporating preference information in interactive reference point methods for multiobjective optimization," Omega, Elsevier, vol. 37(2), pages 450-462, April.
    7. Krugman, Paul R, 1996. "Making Sense of the Competitiveness Debate," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 17-25, Autumn.
    8. Ehrgott, Matthias & Tenfelde-Podehl, Dagmar, 2003. "Computation of ideal and Nadir values and implications for their use in MCDM methods," European Journal of Operational Research, Elsevier, vol. 151(1), pages 119-139, November.
    9. Eckhard Siggel, 2006. "International Competitiveness and Comparative Advantage: A Survey and a Proposal for Measurement," Journal of Industry, Competition and Trade, Springer, vol. 6(2), pages 137-159, June.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. repec:eee:tefoso:v:131:y:2018:i:c:p:4-17 is not listed on IDEAS


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecmode:v:53:y:2016:i:c:p:398-408. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.