The construction of governance indicators is a multidimensional construct and faces questions regarding the definition of the weights attributed to its dimensions and sub-indicators. This study compares three existing methods of constructing composite indicators with the Subjective–objective method of maximizing extracted variance (Sommev). The Sommev method establishes weights for composite indicator components considering the subjectivity of the experts' opinion and the objectivity portrayed by the information collected for each sub-indicator. To evaluate the quality of the results generated, it is proposed to verify the average variance extracted, degree of consensus and connection with the external variable. As an example, was constructed governance indicator considering 20 countries with the largest economies in the world. The governance sub-indicators used the components of the Worldwide Governance Indicators (WGI). The GDP per capita was defined as an external variable. It uses World Bank database for the year 2021. The results indicate that countries developed have the best results for the governance indicator. These results corroborate the importance of verifying failures in governance mechanisms. Identify which dimensions have the greatest influence is important to direct public policies more efficiently to foster economic development. The quality verification indicating the robustness of the results.
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