Rediscovering the Condorcet approach as an aggregation technique for progress measures

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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

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.

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Item type Article
URI https://vuir.vu.edu.au/id/eprint/9339
DOI https://doi.org/10.1111/j.1759-3441.2011.00119.x
Official URL http://onlinelibrary.wiley.com/doi/10.1111/j.1759-...
Subjects Historical > Faculty/School/Research Centre/Department > School of Economics and Finance
Historical > FOR Classification > 1402 Applied Economics
Historical > SEO Classification > 970114 Expanding Knowledge in Economics
Keywords ResPubID24149, ResPubID24384, aggregation, Condorcet method, progress measurement
Citations in Scopus 6 - View on Scopus
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