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Rediscovering the Condorcet approach as an aggregation technique for progress measures

Natoli, Riccardo and Zuhair, Segu (2011) Rediscovering the Condorcet approach as an aggregation technique for progress measures. Economic Papers, 30 (3). pp. 368-376. ISSN 0812-0439

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Abstract

There are three main aggregation techniques designed for progress measurements to help facilitate the benchmarking and ranking of countries according to aggregated dimensions. They are: (i) additive methods; (ii) geometric aggregations; and (iii) non-compensatory multi-criteria analysis. Virtually, all measures utilise one of the first two techniques. This article will critically review these aggregation approaches. In doing so, this article will assert that the Condorcet approach, despite being overlooked by many major institutions, demands strong consideration for aggregating progress measures. The theoretical implications of using the Condorcet method will be explored. An empirical application of the Condorcet model is undertaken on the Resource–Infrastructure– Environment Index to test the validity of this approach as an aggregation technique for progress measures.

Item Type: Article
Uncontrolled Keywords: ResPubID24149, ResPubID24384, aggregation, Condorcet method, progress measurement
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1402 Applied Economics
SEO Classification > 970114 Expanding Knowledge in Economics
Depositing User: VUIR
Date Deposited: 13 Sep 2012 23:49
Last Modified: 03 Sep 2014 06:27
URI: http://vuir.vu.edu.au/id/eprint/9339
DOI: https://doi.org/10.1111/j.1759-3441.2011.00119.x
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