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3350. Assessing the Sustainability of European Countries Using Quantitative Techniques
Invited abstract in session WC-44: MCDA and Composite Indicators: Issues, Advances and Applications 1, stream Multiple Criteria Decision Analysis.
Wednesday, 12:30-14:00Room: 20 (building: 324)
Authors (first author is the speaker)
| 1. | SANDRA GONZÁLEZ GALLARDO
|
| Applied Economics (Mathematics), University of Malaga | |
| 2. | Ana Belen Ruiz
|
| Applied Economics (Mathematics), University of Malaga | |
| 3. | Francisco Ruiz
|
| Applied Economics (Mathematics), University of Málaga | |
| 4. | Mariano Luque
|
| Applied Economics (Mathematics), Universidad de Malaga | |
| 5. | Pedro Fernandez-Rodero
|
| University of Málaga |
Abstract
In this work, we study the sustainability performance of European Countries by applying a methodology that combines both multiple criteria decision-making and statistical techniques. Using individual sustainability development indicators for the European countries available in the EUROSTAT database, we first build composite indicators to assess the economic, social, and environmental dimensions of the territories. Based on the information obtained, secondly, a statistical analysis is done to regress the composite indicators only considering those individual indicators that are somehow controllable by policy makers. The main objective is to get some insights into the impact that a modification of these controllable individual indicators would have on the overall sustainable development. Finally, we focus on the Spanish case, whose sustainability situation can be improved, as this country does not reach the best possible values of the composite indicators of the three dimensions. However, to make a decision about how to improve its situation, further information is needed in order to know the extent of the possible improvement, the trade-offs existing among the dimensions, and how this improvement could be attained. Therefore, we build a multiobjetive optimization problem based on the statistical analysis previously performed, which is aimed at identifying the most desired compromise among the three sustainability dimensions to enhance the sustainability situation of Spain.
Keywords
- Sustainable Development
- Multi-Objective Decision Making
Status: accepted
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