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Rankings and Ratings: Instructions for Use

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Multidimensional measures (composite indicators, indices, ratings, league tables) can effectively underpin the development of data-driven narratives in support to policy. A controversy surrounds the use of these measures. We review some good and bad practices from the recent literature. We then discuss briefly a decalogue to develop a multidimensional measure. We argue in favour of a multi-modelling approach to represent different scenarios in the construction of an aggregate measure prior to drawing recommendations for policy making. Finally, we try to establish a link between the analytic use of well designed aggregate measures and the development of a robust culture of evaluation of policies based on evidence. An application of these concepts and tools to the Rule of Law index developed by the World Justice Project is given.
2012-08-03
T.M.C.ASSER PRESS and Contributors
JRC64677
1876-4045,   
http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=8394471,    https://publications.jrc.ec.europa.eu/repository/handle/JRC64677,   
10.1017/S1876404511200058,   
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