Country Innovation Advantage Ranking: A New Approach and comparison with the Global Innovation Index

Published: 10 October 2019| Version 1 | DOI: 10.17632/jrks744mmc.1
Contributor:
Joseph Gogodze

Description

We consider a special multi-objective decision-making problem, aiming to identify the ‘best countries’ in terms of their innovative advantage. We propose using rating/ranking-theory methods for the solution to this problem. Moreover, we also show that voting theory methods can be useful to aggregate the results from different ranking methods. For illustrative purposes, our investigation uses a dataset from the Global Innovation Index (GII) 2019. Using different rating/ranking methods, we obtain new alternative ratings/rankings of the innovative advantages of countries. In Particular, the following methods was used as examples: the Buchholz method, Colley method, the Markov-chain method, Perron-Frobenius and geometric mean versions of the analytical hierarchy process (AHP), and the entropy method. The dataset presents the results of our calculations. Namely, the new ratings/rankings of the innovative advantages of countries and their comparison with GII -2019. A detailed description of the calculation methods will be presented in the corresponding publication. The dataset is presented as a sheet of an MS Excel file (.xlsx): which include the following columns: Column #: ID; Column Country: Country name; Column 3 Code: ISO alpha 3 code of country; Column GII-Rating: GII-2019 score Column rE: rating score by the entropy method; Column AHPpf: rating score by the AHP Perron-Frobenius version; Column AHPgm: rating score by the AHP geometric mean version; Column rB: rating score by the Buchholz method; Column rC: rating score by the Colley method; Column Mch: rating score by the Markov-chain method; Column GII-Rank: GII-2019 rank; Column Rank-rE: ranking by the entropy method; Column Rank-AHPpf: ranking by the AHP Perron-Frobenius version; Column Rank-AHPgm: ranking by the AHP geometric mean version; Column Rank-rB: ranking by the Buchholz method; Column Rank-rC: ranking by the Colley method; Column Rank-Mch: ranking by the Markov-chain method; Column AggR: ranking obtained by aggregation previous 6 ranks by the Borda method.

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countries innovative advantage assessment

Categories

Applied Mathematics, Decision Making

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