Research Article
BibTex RIS Cite
Year 2023, Volume: 11 Issue: 2, 157 - 182, 31.12.2023
https://doi.org/10.17093/alphanumeric.1360478

Abstract

References

  • Alotaibi, A. A., & Alajlan, N. (2021). Using quantile regression to analyze the relationship between socioeconomic indicators and carbon dioxide emissions in G20 countrie Sustainability, 13, 1-12.
  • Alshamrani, A. M., & Hezam, I. M. (2023). Integrating rough-entropy and rough-TOPSIS methods for evaluating the legatum prosperity pillars of weakest performing countrie Measurement and Control, 1-14. DOI: 10.1177/00202940231174427.
  • Azar, A. F., Bakouie, F., Adeli, M. H., Radfar, R., & Kazemi, M. A. (2022). Investigation the relationship between social capital and public health in Iran’s legatum prosperity index with canonical correlation analysi The Iranian Journal of Health Insurance, 5(2), 143-154.
  • Bate, R. (2009). What is prosperity and how do we measure it? American Enterprise Insitute for Public Policy Research(3), 1-7.
  • Bektaş, (2022). Türk sigorta sektörünün 2002-2021 dönemi için MEREC, LOPCOW, COCOSO, EDAS ÇKKV yöntemleri ile performansının değerlendirilmesi. BDDK Bankacılık ve Finansal Piyasalar Dergisi, 16(2), 247-283.
  • Biswas, , Gupta, , Upadhyay, A., Bandyopadhyay, G., & Shaw, R. (2023). A new grey correlational compromise ranking approach for portfolio selection for investment in ESG stock International Conference on Advances in Computing and Data Sciences ( 566–580). Kolkata: Springer.
  • Bubnovskaia, O. V., Leonidova, V. V., & Leonidov, D. V. (2021). Relationship between the country’s safety and health rating and the morbidity indicators of COVID-19. COVID-19 Pandemic: Case Studies & Opinions, 2(1), 184–188.
  • Budsaratragoon, P., & Jitmaneeroj, B. (2021). Reform priorities for prosperity of nations: The Legatum Index. Journal of Policy Modeling, 43(3), 657-672.
  • Burck, J., Uhlich, T., Bals, C., Höhne, N., & Nascimento, L. (2023). Climate Change Performance Index. Bonn/Berlin: Germanwatch.
  • Conceição, P. (2018). Human Development Report 2021-2022 Uncertaintime New York: United Nations Development Programme. http://www.tdk.gov.tr/index.php?option=com_gts&arama=gts&guid=TDK.GT5b2394fa220360.50484850 adresinden alınmıştır
  • Das, P. P., & Chakraborty, (2023). A comparative analysis on optimization of end milling processes using multi criteria decision making method International Journal on Interactive Design and Manufacturing (IJIDeM), 17, 1611–1632.
  • Ecer, F., & Pamucar, D. (2022). A novel LOPCOW-DOBI multi-criteria sustainability performance assessment methodology: An application in developing country banking sector. Omega(112), 1-17.
  • Ecer, F., Ögel, İ. Y., Krishankumar, R., & Tirkolaee, E. B. (2023). The q rung fuzzy LOPCOW VIKOR model to assess the role of unmanned aerial vehicles for precision agriculture . Artificial Intelligence Review, 1-34. DOI: https://doi.org/10.1007/s10462-023-10476-6.
  • Gamal, A., El-Gawad, A., & Abouhawwash, M. (2023). Towards a responsive resilient supply chain based on industry 5.0: A case study in healthcare system Neutrosophic Systems with Applications, 2, 1-24.
  • Gigovic, L., Pamucar, D., Bajic, Z., & Milicevic, M. (2016). The Combination of Expert Judgment and GIS-MAIRCA Analysis for the Selection of Sites for Ammunition Depot Sustainability, 8, 1-30.
  • Green, M., Harmacek, J., Htitich, M., & Krylova, P. (2022). 2022 Social Progress Index. Washington: The Social Progress Imperative.
  • Güney, T. (2014). Corruption, Prosperity and Sustainable Development: Some New Evidence. Eskişehir Osmangazi Üniversitesi İİBF DERGİSİ, 9(3), 181-206.
  • Helliwell, J., Layard, R., Sachs, J. D., De Neve, J.-E., Aknin, L. B., & Wang, (2023). World Happiness Report 2023 . New York: United Nation
  • Institute for Economics & Peace. (2023). Global Peace Index 2023: Measuring Peace in a Complex World. Sydney: Institute for Economics & Peace Publishing.
  • Institute, L. (2023). The 2023 Legatum Prosperity Index. London: The Legatum Institute Foundation.
  • Kabakçı Günay, E., & Sülün, D. (2021). Sosyal sermayenin ekonomik kalkınma üzerindeki etkisiniİn legatum refah endeksİ çerçevesinde değerlendirilmesi: OECD ülkeleri örneği. Elektronik Sosyal Bilimler Dergisi, 20(80), 1982-1996.
  • Keleş, N. (2023). Lopcow ve Cradis yöntemleriyle G7 ülkelerinin ve Türkiye’nin yaşanabilir güç merkezi şehirlerinin değerlendirilmesi. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 16(3), 727–747.
  • Keleş, N. (2023). Uygulamalarla klasik ve güncel karar verme yöntemleri. Ankara: Nobel.
  • Kešeljević, A. K. (2007). Indexes of economic freedom An outline and open issue Zb. rad. Ekon. fak. Rij., 25(2), 223-243.
  • Kim, A. B. (2023). 2023 Index of Economic Freedom. Washington: The Heritage Foundation.
  • Krishankumar, R., & Ecer, F. (2023). Selection of IoT service provider for sustainable transport using q-rung orthopair fuzzy CRADIS and unknown weight Applied Soft Computing, 132(3. DOI: https://doi.org/10.1016/j.asoc.2022.109870).
  • Lee, , Díaz-Puente, J. M., & Martin, (2017). The contribution of open government to prosperity of society. International Journal of Public Administration, 1-14. DOI: 10.1080/01900692.2017.1405446 .
  • Moore, H. L., & Mintchev, N. (2021). What is prosperity?. London: Institute for Global.
  • Moore, H. L., Battaglia, F., Lorgat, R., & Moseley, K. (2023). Plociy Brief-Prosperity index. Berlin: The World Policy Forum and Global Solutions Initiative Foundation.
  • Mumford, K. J. (2016). Prosperity, sustainability and the measurement of wealth. Asia & the Pacific Policy Studies, 3(2), 226–234.
  • Pociovălişteanu, D.-M., Badea, L., & Sorici, C. O. (2010). Approaches of prosperity in the globalization era. Annals of University of Craiova - Economic Sciences Series, 1(38), 143-151.
  • Puška, A., Nedeljkovic, M., Prodanovic, R., Vladisavljevic, R., & Suzic, R. (2022). Market Assessment of Pear Varieties in Serbia Using Fuzzy. CRADIS and CRITIC methods, 12(139), 1-15. DOI: https://doi.org/10.3390/agriculture12020139.
  • Puška, A., Stević, Ž., & Pamučar, D. (2022). Evaluation and selection of healthcare waste incinerators using extended sustainability criteria and multi criteria analysis method Environment, Development and Sustainability, 24, 11195–11225.
  • Puška, A., Štilić, A., & Stojanović, I. (2023). Approach for multi-criteria ranking of Balkan countries based on the index of economic freedom. Journal of Decision Analytics and Intelligent Computing, 2(1), 1-14.
  • Simic, V., Svetlana , D.-M., Tirkolaee, B., Stević, Ž., Ala, A., & Amirteimoori, A. (2023). Neutrosophic LOPCOW ARAS model for prioritizing industry 4.0 based material handling technologies in smart and sustainable warehouse management system Applied Soft Computing, 143, DOI: https://doi.org/10.1016/j.asoc.2023.110400.
  • Stojanović, I., Puška, A., & Selaković, M. (2022). A multi-criteria approach to the comparative analysis of the global innovation index on the example of the western Balkan countrie Sciendo, 10(2), 9-26.
  • Timmerman, T. A. (2016). Does national culture predict national prosperity? Allied Academies International Conference. Academy of Organizational Culture, Communications and Conflict, 21(1), 46-49.
  • Ulutaş, A., Balo, F., & Topal, A. (2023). Identifying the most efficient natural fibre for common commercial building insulation materials with an integrated PSI, MEREC, LOPCOW and MCRAT model. Polymers, 15, 1-23.
  • Ulutaş, A., Balo, F., Mirković, K., Stević, Ž., & Mostafa, M. (2023). MCDM model for critical selection of building and insulation materials for optimising energy usage and environmental effect in production focu Journal of Civil Engineering and Management, 29(7), 587–603.
  • United Nation (2023). The Sustainable Development Goals Report. New York: United Nation
  • Wolf, M., Emerson, J. W., Esty, D. C., de Sherbinin, A., & Wendling, Z. A. (2022). 2022 Environmental Performance Index. New Haven: Yale Center for Environmental Law & Policy.
  • Woodcraft, , & Anderson , B. (2019). Rethinking prosperity for London: When citizens lead transformation. London: Institutte for Global Prosperity.
  • Yalman, İ. N., Koşaroğlu, Ş. M., & Işık, Ö. (2023). 2000-2020 döneminde türkiye ekonomisinin makroekonomik performansının MEREC-LOPCOW-MARCOS modeliyle değerlendirilmesi. Finans Politik & Ekonomik Yorumlar, 664, 57-86.
  • Yımaz, N. (2023). An integrated LOPCOW WISP model for analyzing performance of banking sector Romania. H. Akgün, Sağlık, & U. İnan içinde, Academic Studies in Social, Human and Administrative Sciences ( p. 162-176). Ankara: Gece Kıtaplığı.

Analysis of the Prosperity Performances of G7 Countries: An Application of the LOPCOW-based CRADIS Method

Year 2023, Volume: 11 Issue: 2, 157 - 182, 31.12.2023
https://doi.org/10.17093/alphanumeric.1360478

Abstract

The prosperity policies and strategies of major economies have the potential to significantly influence both the global economy and the prosperity of other nations. Therefore, the assessment of the prosperity performance of major economies holds paramount importance. In this context, the primary aim of this research is to evaluate the prosperity performance of G7 countries using the LOPCOW-based CRADIS method, leveraging sub-component values from the Legatum Prosperity Index. The secondary objective is to examine the relationship between a country's prosperity performance assessed through the LOPCOW-based CRADIS method and its quantifiability within the Legatum Prosperity Index (LPI) framework, as well as its associations with other Multi-Criteria Decision-Making (MCDM) methodologies. The findings reveal the ranking of countries' prosperity performance as follows: Germany, the United Kingdom, Canada, Japan, the United States, France, and Italy. Additionally, an assessment of the average prosperity performance of these countries highlights that the United States, France, and Italy perform below the established average. Consequently, it is imperative for these nations to enhance their prosperity performance to make a more substantial contribution to the global economy. Furthermore, sensitivity and discrimination analysis suggest that countries' prosperity performance can be quantified within the LPI framework. Another noteworthy observation is the strong resemblance of the LOPCOW-based CRADIS method to the MEREC-based CRADIS and the LOPCOW-based MARCOS methods

References

  • Alotaibi, A. A., & Alajlan, N. (2021). Using quantile regression to analyze the relationship between socioeconomic indicators and carbon dioxide emissions in G20 countrie Sustainability, 13, 1-12.
  • Alshamrani, A. M., & Hezam, I. M. (2023). Integrating rough-entropy and rough-TOPSIS methods for evaluating the legatum prosperity pillars of weakest performing countrie Measurement and Control, 1-14. DOI: 10.1177/00202940231174427.
  • Azar, A. F., Bakouie, F., Adeli, M. H., Radfar, R., & Kazemi, M. A. (2022). Investigation the relationship between social capital and public health in Iran’s legatum prosperity index with canonical correlation analysi The Iranian Journal of Health Insurance, 5(2), 143-154.
  • Bate, R. (2009). What is prosperity and how do we measure it? American Enterprise Insitute for Public Policy Research(3), 1-7.
  • Bektaş, (2022). Türk sigorta sektörünün 2002-2021 dönemi için MEREC, LOPCOW, COCOSO, EDAS ÇKKV yöntemleri ile performansının değerlendirilmesi. BDDK Bankacılık ve Finansal Piyasalar Dergisi, 16(2), 247-283.
  • Biswas, , Gupta, , Upadhyay, A., Bandyopadhyay, G., & Shaw, R. (2023). A new grey correlational compromise ranking approach for portfolio selection for investment in ESG stock International Conference on Advances in Computing and Data Sciences ( 566–580). Kolkata: Springer.
  • Bubnovskaia, O. V., Leonidova, V. V., & Leonidov, D. V. (2021). Relationship between the country’s safety and health rating and the morbidity indicators of COVID-19. COVID-19 Pandemic: Case Studies & Opinions, 2(1), 184–188.
  • Budsaratragoon, P., & Jitmaneeroj, B. (2021). Reform priorities for prosperity of nations: The Legatum Index. Journal of Policy Modeling, 43(3), 657-672.
  • Burck, J., Uhlich, T., Bals, C., Höhne, N., & Nascimento, L. (2023). Climate Change Performance Index. Bonn/Berlin: Germanwatch.
  • Conceição, P. (2018). Human Development Report 2021-2022 Uncertaintime New York: United Nations Development Programme. http://www.tdk.gov.tr/index.php?option=com_gts&arama=gts&guid=TDK.GT5b2394fa220360.50484850 adresinden alınmıştır
  • Das, P. P., & Chakraborty, (2023). A comparative analysis on optimization of end milling processes using multi criteria decision making method International Journal on Interactive Design and Manufacturing (IJIDeM), 17, 1611–1632.
  • Ecer, F., & Pamucar, D. (2022). A novel LOPCOW-DOBI multi-criteria sustainability performance assessment methodology: An application in developing country banking sector. Omega(112), 1-17.
  • Ecer, F., Ögel, İ. Y., Krishankumar, R., & Tirkolaee, E. B. (2023). The q rung fuzzy LOPCOW VIKOR model to assess the role of unmanned aerial vehicles for precision agriculture . Artificial Intelligence Review, 1-34. DOI: https://doi.org/10.1007/s10462-023-10476-6.
  • Gamal, A., El-Gawad, A., & Abouhawwash, M. (2023). Towards a responsive resilient supply chain based on industry 5.0: A case study in healthcare system Neutrosophic Systems with Applications, 2, 1-24.
  • Gigovic, L., Pamucar, D., Bajic, Z., & Milicevic, M. (2016). The Combination of Expert Judgment and GIS-MAIRCA Analysis for the Selection of Sites for Ammunition Depot Sustainability, 8, 1-30.
  • Green, M., Harmacek, J., Htitich, M., & Krylova, P. (2022). 2022 Social Progress Index. Washington: The Social Progress Imperative.
  • Güney, T. (2014). Corruption, Prosperity and Sustainable Development: Some New Evidence. Eskişehir Osmangazi Üniversitesi İİBF DERGİSİ, 9(3), 181-206.
  • Helliwell, J., Layard, R., Sachs, J. D., De Neve, J.-E., Aknin, L. B., & Wang, (2023). World Happiness Report 2023 . New York: United Nation
  • Institute for Economics & Peace. (2023). Global Peace Index 2023: Measuring Peace in a Complex World. Sydney: Institute for Economics & Peace Publishing.
  • Institute, L. (2023). The 2023 Legatum Prosperity Index. London: The Legatum Institute Foundation.
  • Kabakçı Günay, E., & Sülün, D. (2021). Sosyal sermayenin ekonomik kalkınma üzerindeki etkisiniİn legatum refah endeksİ çerçevesinde değerlendirilmesi: OECD ülkeleri örneği. Elektronik Sosyal Bilimler Dergisi, 20(80), 1982-1996.
  • Keleş, N. (2023). Lopcow ve Cradis yöntemleriyle G7 ülkelerinin ve Türkiye’nin yaşanabilir güç merkezi şehirlerinin değerlendirilmesi. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 16(3), 727–747.
  • Keleş, N. (2023). Uygulamalarla klasik ve güncel karar verme yöntemleri. Ankara: Nobel.
  • Kešeljević, A. K. (2007). Indexes of economic freedom An outline and open issue Zb. rad. Ekon. fak. Rij., 25(2), 223-243.
  • Kim, A. B. (2023). 2023 Index of Economic Freedom. Washington: The Heritage Foundation.
  • Krishankumar, R., & Ecer, F. (2023). Selection of IoT service provider for sustainable transport using q-rung orthopair fuzzy CRADIS and unknown weight Applied Soft Computing, 132(3. DOI: https://doi.org/10.1016/j.asoc.2022.109870).
  • Lee, , Díaz-Puente, J. M., & Martin, (2017). The contribution of open government to prosperity of society. International Journal of Public Administration, 1-14. DOI: 10.1080/01900692.2017.1405446 .
  • Moore, H. L., & Mintchev, N. (2021). What is prosperity?. London: Institute for Global.
  • Moore, H. L., Battaglia, F., Lorgat, R., & Moseley, K. (2023). Plociy Brief-Prosperity index. Berlin: The World Policy Forum and Global Solutions Initiative Foundation.
  • Mumford, K. J. (2016). Prosperity, sustainability and the measurement of wealth. Asia & the Pacific Policy Studies, 3(2), 226–234.
  • Pociovălişteanu, D.-M., Badea, L., & Sorici, C. O. (2010). Approaches of prosperity in the globalization era. Annals of University of Craiova - Economic Sciences Series, 1(38), 143-151.
  • Puška, A., Nedeljkovic, M., Prodanovic, R., Vladisavljevic, R., & Suzic, R. (2022). Market Assessment of Pear Varieties in Serbia Using Fuzzy. CRADIS and CRITIC methods, 12(139), 1-15. DOI: https://doi.org/10.3390/agriculture12020139.
  • Puška, A., Stević, Ž., & Pamučar, D. (2022). Evaluation and selection of healthcare waste incinerators using extended sustainability criteria and multi criteria analysis method Environment, Development and Sustainability, 24, 11195–11225.
  • Puška, A., Štilić, A., & Stojanović, I. (2023). Approach for multi-criteria ranking of Balkan countries based on the index of economic freedom. Journal of Decision Analytics and Intelligent Computing, 2(1), 1-14.
  • Simic, V., Svetlana , D.-M., Tirkolaee, B., Stević, Ž., Ala, A., & Amirteimoori, A. (2023). Neutrosophic LOPCOW ARAS model for prioritizing industry 4.0 based material handling technologies in smart and sustainable warehouse management system Applied Soft Computing, 143, DOI: https://doi.org/10.1016/j.asoc.2023.110400.
  • Stojanović, I., Puška, A., & Selaković, M. (2022). A multi-criteria approach to the comparative analysis of the global innovation index on the example of the western Balkan countrie Sciendo, 10(2), 9-26.
  • Timmerman, T. A. (2016). Does national culture predict national prosperity? Allied Academies International Conference. Academy of Organizational Culture, Communications and Conflict, 21(1), 46-49.
  • Ulutaş, A., Balo, F., & Topal, A. (2023). Identifying the most efficient natural fibre for common commercial building insulation materials with an integrated PSI, MEREC, LOPCOW and MCRAT model. Polymers, 15, 1-23.
  • Ulutaş, A., Balo, F., Mirković, K., Stević, Ž., & Mostafa, M. (2023). MCDM model for critical selection of building and insulation materials for optimising energy usage and environmental effect in production focu Journal of Civil Engineering and Management, 29(7), 587–603.
  • United Nation (2023). The Sustainable Development Goals Report. New York: United Nation
  • Wolf, M., Emerson, J. W., Esty, D. C., de Sherbinin, A., & Wendling, Z. A. (2022). 2022 Environmental Performance Index. New Haven: Yale Center for Environmental Law & Policy.
  • Woodcraft, , & Anderson , B. (2019). Rethinking prosperity for London: When citizens lead transformation. London: Institutte for Global Prosperity.
  • Yalman, İ. N., Koşaroğlu, Ş. M., & Işık, Ö. (2023). 2000-2020 döneminde türkiye ekonomisinin makroekonomik performansının MEREC-LOPCOW-MARCOS modeliyle değerlendirilmesi. Finans Politik & Ekonomik Yorumlar, 664, 57-86.
  • Yımaz, N. (2023). An integrated LOPCOW WISP model for analyzing performance of banking sector Romania. H. Akgün, Sağlık, & U. İnan içinde, Academic Studies in Social, Human and Administrative Sciences ( p. 162-176). Ankara: Gece Kıtaplığı.
There are 44 citations in total.

Details

Primary Language English
Subjects Quantitative Decision Methods
Journal Section Articles
Authors

Furkan Fahri Altıntaş 0000-0002-0161-5862

Publication Date December 31, 2023
Submission Date September 14, 2023
Published in Issue Year 2023 Volume: 11 Issue: 2

Cite

APA Altıntaş, F. F. (2023). Analysis of the Prosperity Performances of G7 Countries: An Application of the LOPCOW-based CRADIS Method. Alphanumeric Journal, 11(2), 157-182. https://doi.org/10.17093/alphanumeric.1360478

Alphanumeric Journal is hosted on DergiPark, a web based online submission and peer review system powered by TUBİTAK ULAKBIM.

Alphanumeric Journal is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License