Composing sustainable competitiveness index: practice and discussions

Abstract

The composite competitiveness indexes are useful communication tool for a comparison of the economies, awareness raising and in policy analysis. The benchmarking of economic outcomes as well as the potential serves as a basis for policy makers in setting policy agendas and investment priorities. Recent international discussions on further research avenue for composite index of competitiveness is driven by the approach that aims at ensuring a closer alignment between the measurement of competitiveness and sustainable development. Therefore, the article aims to contribute to (i) a better understanding of the complexity of the sustainable competitiveness; and (ii) the development of a theoretical framework for sustainable competitiveness index.