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Constructing the FEEM Sustainability Index: A Choquet-Integral Application

Author Info

Listed author(s):
  • Caterina Cruciani

    (Fondazione Eni Enrico Mattei and Ca’ Foscari University of Venice)

  • Silvio Giove

    (Fondazione Eni Enrico Mattei and Ca’ Foscari University of Venice)

  • Mehmet Pinar

    (Fondazione Eni Enrico Mattei)

  • Matteo Sostero

    (Fondazione Eni Enrico Mattei and Ca’ Foscari University of Venice)

Abstract

This paper presents an application of a multi-attribute aggregation methodology to the construction of a sustainability index. Sustainability is a multi-faceted issue, in which synergies or conflicts may arise among the different components, thus making it a complex concept to which multi attribute methods can be applied. This paper addresses the development of the FEEM Sustainability Index (FEEM SI), a composite index including 19 different indicators grouped in the three classical pillars of sustainability ?economic, social and environmental. We present the relevance of multi-attribute aggregation methodologies when dealing with such complex concepts and provide an aggregation methodology used for this case study, the Choquet-integral aggregation. In particular, since this methodology requires the assignment of weights on indicators and their coalitions, an ad hoc questionnaire is implemented to assess the importance of sustainability indicators through expert elicitation. After computing consensus weights for the Choquet-integral aggregation procedure the overall sustainability index, the FEEM SI is calculated. This paper also conducts robustness analysis and discusses the main implications of the aggregation methodology used.

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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2012.50.

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Date of creation: Jun 2012
Handle: RePEc:fem:femwpa:2012.50
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Keywords: Sustainability Indices; Composite Indicators; Choquet Integral; Multiattribute Value Theory;

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Find related papers by JEL classification:
  • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
  • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
  • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
  • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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  1. Grabisch, Michel & Labreuche, Christophe & Vansnick, Jean-Claude, 2003. "On the extension of pseudo-Boolean functions for the aggregation of interacting criteria," European Journal of Operational Research, Elsevier, vol. 148(1), pages 28-47, July.
  2. Marichal, Jean-Luc & Roubens, Marc, 2000. "Determination of weights of interacting criteria from a reference set," European Journal of Operational Research, Elsevier, vol. 124(3), pages 641-650, August.
  3. Giuseppe Munda, 2005. "“Measuring Sustainability”: A Multi-Criterion Framework," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 7(1), pages 117-134, 01.
  4. Kenneth Arrow & Partha Dasgupta & Lawrence Goulder & Gretchen Daily & Paul Ehrlich & Geoffrey Heal & Simon Levin & Karl-Göran Mäler & Stephen Schneider & David Starrett & Brian Walker, 2004. "Are We Consuming Too Much?," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 147-172, Summer.
  5. Eboli, Fabio & Parrado, Ramiro & Roson, Roberto, 2010. "Climate-change feedback on economic growth: explorations with a dynamic general equilibrium model," Environment and Development Economics, Cambridge University Press, vol. 15(05), pages 515-533, October.
  6. Arrow, Kenneth J. & Dasgupta, Partha & Goulder, Lawrence H. & Mumford, Kevin J. & Oleson, Kirsten, 2012. "Sustainability and the measurement of wealth," Environment and Development Economics, Cambridge University Press, vol. 17(03), pages 317-353, June.
  7. Selden Thomas M. & Song Daqing, 1994. "Environmental Quality and Development: Is There a Kuznets Curve for Air Pollution Emissions?," Journal of Environmental Economics and Management, Elsevier, vol. 27(2), pages 147-162, September.
  8. Bohringer, Christoph & Loschel, Andreas, 2006. "Computable general equilibrium models for sustainability impact assessment: Status quo and prospects," Ecological Economics, Elsevier, vol. 60(1), pages 49-64, November.
  9. Elettra Agliardi, 2011. "Sustainability in Uncertain Economies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(1), pages 71-82, January.
  10. Ulengin, Fusun & Ilker Topcu, Y. & Sahin, Sule Onsel, 2001. "An integrated decision aid system for Bosphorus water-crossing problem," European Journal of Operational Research, Elsevier, vol. 134(1), pages 179-192, October.
  11. Jean-Charles Billaut & Denis Bouyssou & Philippe Vincke, 2010. "Should you believe in the Shanghai ranking?," Post-Print hal-00388319, HAL.
  12. Ness, Barry & Urbel-Piirsalu, Evelin & Anderberg, Stefan & Olsson, Lennart, 2007. "Categorising tools for sustainability assessment," Ecological Economics, Elsevier, vol. 60(3), pages 498-508, January.
  13. Carlo Carraro & Lorenza Campagnolo & Fabio Eboli & Elisa Lanzi & Ramiro Parrado & Elisa Portale, 2012. "Quantifying Sustainability: A New Approach and World Ranking," Working Papers 2012.94, Fondazione Eni Enrico Mattei.
  14. Patrick Meyer & Grégory Ponthière, 2011. "Eliciting Preferences on Multiattribute Societies with a Choquet Integral," Computational Economics, Springer;Society for Computational Economics, vol. 37(2), pages 133-168, February.
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Cited by:

  1. Bates, Samuel & Angeon, Valérie & Ainouche, Ahmed, 2014. "The pentagon of vulnerability and resilience: A methodological proposal in development economics by using graph theory," Economic Modelling, Elsevier, vol. 42(C), pages 445-453.
  2. Lorenza Campagnolo & Carlo Carraro & Marinella Davide & Fabio Eboli & Elisa Lanzi & Ramiro Parrado, 2016. "Can climate policy enhance sustainability?," Climatic Change, Springer, vol. 137(3), pages 639-653, August.
  3. Elettra Agliardi & Mehmet Pinar & Thanasis Stengos, 2015. "An environmental degradation index based on stochastic dominance," Empirical Economics, Springer, vol. 48(1), pages 439-459, February.
  4. Lorenza Campagnolo & Fabio Eboli, 2015. "Implications of the 2030 EU Resource Efficiency Target on Sustainable Development," Working Papers 2015.36, Fondazione Eni Enrico Mattei.
  5. Ludovico Carrino, 2016. "Data Versus Survey-based Normalisation in a Multidimensional Analysis of Social Inclusion," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 2(3), pages 305-345, November.
  6. Miguel F. Salvado & Susana G. Azevedo & João C. O. Matias & Luís M. Ferreira, 2015. "Proposal of a Sustainability Index for the Automotive Industry," Sustainability, MDPI, Open Access Journal, vol. 7(2), pages 1-32, February.
  7. E. Agliardi & M. Pinar & T. Stengos, 2014. "Assessing temporal trends and industry contributions to air and water pollution using stochastic dominance," Working Papers wp981, Dipartimento Scienze Economiche, Universita' di Bologna.
  8. M. Ferrara & F. Lamperti & R. Mavilia, 2016. "Looking for best performers: a pilot study towards the evaluation of science parks," Scientometrics, Springer;Akadémiai Kiadó, vol. 106(2), pages 717-750, February.
  9. Samuel BATES & Valérie ANGEON, 2015. "Promoting The Sustainable Development Of Small Island Developing States: Insights From Vulnerability And Resilience Analysis," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 15-29.
  10. Ludovico Carrino, 2015. "The weighting role of normalisation in a multidimensional analysis of Social Inclusion," Working Papers 2015:32, Department of Economics, University of Venice "Ca' Foscari".

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