On the Methodological Framework of Composite Indices: A Review of the Issues of Weighting, Aggregation, and Robustness

Greco, Salvatore; Ishizaka, Alessio; Tasiou, Menelaos; Torrisi, Gianpiero

doi:10.1007/s11205-017-1832-9

On the Methodological Framework of Composite Indices: A Review of the Issues of Weighting, Aggregation, and Robustness

In recent times, composite indicators have gained astounding popularity in a wide variety of research areas. Their adoption by global institutions has further captured the attention of the media and policymakers around the globe, and their number of applications has surged ever since. This increa…