Constructing Knowledge Economy Composite Indicators using an MCA-DEA approach
Bibliographic Data
| ID | 15068063 |
|---|---|
| Authors | José Manuel Guaita Martínez (0000-0002-7050-3389, ESIC Business & Marketing School), J M Martins (0000-0002-5639-2213, Universidad Internacional De La Rioja), José María Martín Martins (0000-0002-5891-0037, Universidad Internacional De La Rioja, corresponding author), José María Martín Martín, María Sol Ostos Rey (Universidad de Granada), Mónica Castro (0000-0001-5667-8089, Universidad Rey Juan Carlos), Mónica de Castro Pardo (Universidad Rey Juan Carlos) |
| Year | 2021 |
| Volume | 34 |
| Issue | 1 |
| Pages | 331-351 |
| Publication date | 2021-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2020.1782765 |
| OpenAlex | W3082037688 |
| Language | EN |
| Citations received | 4 |
| References cited | 37 |
Composite indicators are a remarkably useful tool in policy analysis and public communication for assessing phenomena, such as Knowledge-Based Economy (KBE), that cannot be expressed by means of a simple indicator. The objective of this study is to propose and compare three MCA-DEA models from a “Benefit of Doubt” (BoD) approach in order to build KBE Composite Indicators. To show the effectiveness of the models, this paper proposes a case study of 36 European countries to assess the degree of development of KBE. The results revealed differences with respect to the optimal weights assigned to the sub-indicators, the discriminating power, the operability, and the participatory nature of the models. Model 1 yielded high scores for every country and low discriminating power. Model 2 favored the most efficient countries in terms of KBE and allows for the incorporation of expert knowledge, thereby giving flexibility to the process. Model 3 made it possible to construct composite indicators from an optimal balance approach and yielded low results overall. These results demonstrate the necessity to analyze the different choices for measuring KBE in order to determine which indicator is more suitable for each context
Industrial engineering · Knowledge economy · Knowledge management · Operability · Operations research · Predictive power · Statistics · Computer Science · Economic Growth and Development · Energy, Environment, Economic Growth · Engineering · Fiscal Policy and Economic Growth · Mathematics · Artificial Intelligence
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| Unique citing works | 4 |
|---|---|
| Citations per year | 1 |
| Citation span | 2022 - 2023 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |