Research Article

Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index

Volume: 9 Number: 3 October 31, 2024
TR EN

Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index

Abstract

Background: The "Better Life Index", first developed by the Organization for Economic Co-operation and Development (OECD) in 2011, includes many criteria from the functioning of public services to environmental wealth, from security services to individual and social well-being. Method: The performances of OECD countries according to the decision criteria that constitute the Better Life Index has been evaluated with Bulut Index (BI) method, which is a multi-criteria decision-making method. Normalized Maximum Values (NMV) method, one of the objective weighting methods, was used to determine weights of decision criteria. Findings: Among the indicators of the Better Life Index, the murder rate per 100 thousand population ranks first in terms of criterion weight. In the study, due to the analysis and evaluation made with Bulut Index, Switzerland ranked first among OECD countries with 82.28 points in the welfare and well-being index ranking. On the other hand, Türkiye ranked fourth from the bottom among OECD countries. Conclusion: Based on the findings of the study, it is recommended that urgent and necessary measures be taken on homicide rates, long-term unemployment rates and air pollution criteria. The lack of criteria regarding civic participation, work-life balance and income status constitute limitations of the study. In future studies, it is especially recommended that other researchers include these variables.

Keywords

Bulut Index, Multi-Criteria Decision Making Models, OECD, Normalized Maximum Values Method, Better Life Index

Supporting Institution

There is no supporting institution.

Ethical Statement

Here by it is attested that the manuscript entitled “Evaluation of OECD Countries in Terms of Better Life Index By Bulut Index” submitted for publication in has been read and approved by all authors, has not been published, totally or partly, in any other journal even in any language and if accepted for publication in this journal, it will not be published in any other periodicals. Besides, it is confirmed that this article has not been submitted simultaneously to other journals in and/or other countries. I accept the liability of the scientific integrity of the manuscript contents.

Thanks

Thank you for your consideration of this manuscript.

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APA
Yücel, Ş., Bolukçu, F., Bulut, T., & Yücel, R. (2024). Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index. Bulletin of Economic Theory and Analysis, 9(3), 901-925. https://doi.org/10.25229/beta.1522625
AMA
1.Yücel Ş, Bolukçu F, Bulut T, Yücel R. Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index. Beta. 2024;9(3):901-925. doi:10.25229/beta.1522625
Chicago
Yücel, Şebnem, Ferhat Bolukçu, Tevfik Bulut, and Recep Yücel. 2024. “Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index”. Bulletin of Economic Theory and Analysis 9 (3): 901-25. https://doi.org/10.25229/beta.1522625.
EndNote
Yücel Ş, Bolukçu F, Bulut T, Yücel R (October 1, 2024) Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index. Bulletin of Economic Theory and Analysis 9 3 901–925.
IEEE
[1]Ş. Yücel, F. Bolukçu, T. Bulut, and R. Yücel, “Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index”, Beta, vol. 9, no. 3, pp. 901–925, Oct. 2024, doi: 10.25229/beta.1522625.
ISNAD
Yücel, Şebnem - Bolukçu, Ferhat - Bulut, Tevfik - Yücel, Recep. “Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index”. Bulletin of Economic Theory and Analysis 9/3 (October 1, 2024): 901-925. https://doi.org/10.25229/beta.1522625.
JAMA
1.Yücel Ş, Bolukçu F, Bulut T, Yücel R. Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index. Beta. 2024;9:901–925.
MLA
Yücel, Şebnem, et al. “Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index”. Bulletin of Economic Theory and Analysis, vol. 9, no. 3, Oct. 2024, pp. 901-25, doi:10.25229/beta.1522625.
Vancouver
1.Şebnem Yücel, Ferhat Bolukçu, Tevfik Bulut, Recep Yücel. Evaluation of OECD Countries in Terms of Better Life Index According to Bulut Index. Beta. 2024 Oct. 1;9(3):901-25. doi:10.25229/beta.1522625