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The Innovation-Based Human Development Index Using PROMETHEE II: The Context of G8 Countries

Author

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  • Weam Tunsi

    (College of Business Administration, University of Business and Technology, Jeddah 21448, Saudi Arabia)

  • Hisham Alidrisi

    (Department of Industrial Engineering, Faculty of Engineering, King Abdulaziz University, Jeddah 21589, Saudi Arabia)

Abstract

The current Human Development Index (HDI) has a promising potential to consider further dimensions, the technological dimensions in specific, in order to absorb various innovational aspects whenever human development is to be benchmarked among countries. Hence, the innovation-based HDI was developed herein using one of the well-known Multi-Criteria Decision Making (MCDM) techniques: the Preference Ranking Organization Method for Enrichment of Evaluations II (PROMETHEE II) considering a mixture of technological criteria, including the Global Innovation Index (GII) itself. The G8 countries, as leading countries worldwide, were investigated in this regard in order to attain such a benchmarking attempt. The model was formulated using seven criteria selected from the World Bank (WB) Open Data (such as High-technology exports as a percentage of manufactured exports, Research and development (R&D) expenditure as a percentage of GDP, and Trademark applications, …, etc.) along with the GII, for the purpose of conducting an MCDM-based evaluation model for the G8 countries. The results of the developed index affirm that the ranking of the G8 countries has distinctly been changed as a consequence of considering technological and innovational aspects, compared to the original HDI (i.e., USA +4—from 5th to 1st; Canada −4, from 2nd to 6th). By utilizing MCDM methods (including PROMETHEE II), this paper also affirms that an infinite number of indexes can be developed in the future by employing a huge number of WB indicators with respect to various MCDM approaches. Hence, international communities are in need of setting up commonly accepted guidelines in order to facilitate having a unified prioritization (i.e., unified preference) regarding the potential criteria and/or indicators to be considered globally for better sustainable development.

Suggested Citation

  • Weam Tunsi & Hisham Alidrisi, 2023. "The Innovation-Based Human Development Index Using PROMETHEE II: The Context of G8 Countries," Sustainability, MDPI, vol. 15(14), pages 1-13, July.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:14:p:11373-:d:1199613
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    References listed on IDEAS

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