Methodology for composite index construction: contributions from the Departmental Competitive Potential Index for Uruguay

Authors

DOI:

https://doi.org/10.46661/rev.metodoscuant.econ.empresa.6592

Keywords:

Composite indicators, Methodology, Competitiveness, Uruguay

Abstract

The objective of the article is to carry out a review of the subject of composite indicators, especially that related to the methodological process associated with their construction, detailing and discussing the various steps linked to said process, using the construction of the Competitive Potential Index Departmental (IPCD) as a reference., an indicator that measures the competitive potential of the Departments (administrative regions) in Uruguay, in order to show a specific case and the options that were taken in its construction, without going into the detailed explanation of said indicator. The main reflection that should be highlighted is the need for transparency in the construction of the index. That is, the strength of the composite index and its usefulness in the future will depend directly on the quality of the information and the justification provided for each of the decisions made by the researcher (or research team) in charge of building the index.

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Author Biographies

Español, Español

Roberto Horta es Doctor en Economía y Dirección de Empresas por la Universidad de Deusto (San Sebastián, España) y Economista - Licenciado en Economía por la Universidad de la República (Montevideo, Uruguay). Investiga en temas de competitividad, innovación e internacionalización de empresas

Español, Español

Micaela Camacho es Doctora en Economía por la Universidad Católica Argentina. Magíster en Administración de Empresas (MBA), Copenhagen Business School (Copenhague, Dinamarca). Licenciada en Economía de la Empresa por la Universidad Católica del Uruguay. Investiga en temas de competitividad, innovación y clusters. Directora del Instituto de Competitividad

Español, Español

Luis Silveira es Doctor en Competitividad Empresarial y Desarrollo Económico, Universidad de Deusto (España). Magíster en Economía y Regulación de los Servicios Públicos, Universitat de Barcelona (España). Magíster en Gerencia de Empresas de Telecomunicaciones, Universidad ORT (Uruguay). Economista, Universidad de la República (Uruguay). Investiga en temas de competitividad, innovación y clusters. Es investigador en el Instituto de Competitividad de la Universidad Católica del Uruguay y Profesor Asociado en la misma universidad

Español, Universidad Católica del Uruguay

Lucía Ferreira es MBA y Licenciada en Economía por la Universidad Católica del Uruguay. Investiga en temas de competitividad, innovación y clusters. Es investigadora del Instituto de Competitividad.

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Published

2023-10-31

How to Cite

Español, E., Español, E., Español, E., & Ferreira, L. (2023). Methodology for composite index construction: contributions from the Departmental Competitive Potential Index for Uruguay. Journal of Quantitative Methods for Economics and Business Administration, 36, 1–23. https://doi.org/10.46661/rev.metodoscuant.econ.empresa.6592

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