Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs

Year 2024, Volume: 17 Issue: 2, 592 - 605, 17.03.2024

Murat Unanoglu , Çiğdem Özarı

https://doi.org/10.35674/kent.1417436

Abstract

The primary objective of this study is to forecast the manufacturing value added levels of G-20 countries by leveraging the fundamental dimensions extracted from the Global Innovation Index and ascertain the extent to which innovation indicators contribute to variations in manufacturing value added. The Random Forest algorithm, known for its versatility and precision in dealing with complex datasets, has been employed as a prominent machine learning technique to predict the manufacturing value added levels of G-20 countries during the period 2013-2022. The MVA levels of G-20 countries, obtained using average and standard deviation, were predicted with a 54.14% error rate through the assistance of innovation input and output indicators. The level predicted with the highest accuracy is the one closely aligned with the average. This study's uniqueness lies in its utilization of the Random Forest algorithm to predict value added levels based on innovation inputs and outputs, which constitute the fundamental dimensions of the Global Innovation Index.

Keywords

Global Innovation Index, G-20 Countries, Random Forest, Innovation, Manufacturing Value Added

G-20 Ülkelerinin İmalat Sanayi Katma Değerinin Değerlendirilmesi ve Yenilik Girdi ve Çıktı Göstergeleriyle İlişkisi

Abstract

Bu çalışmanın temel amacı, Küresel İnovasyon Endeksi'nden elde edilen temel boyutları kullanarak G-20 ülkelerinin imalat sanayi katma değer düzeylerini tahmin etmektir ve aynı zamanda inovasyon göstergelerinin imalat sanayi katma değerindeki farklılıklara ne ölçüde katkı sağladığını belirlemektir. Karmaşık veri kümeleriyle başa çıkma yeteneği ve hassasiyetiyle bilinen makine öğrenme yöntemlerinden rassal orman algoritması, 2013-2022 döneminde G-20 ülkelerinin katma değer düzeylerini tahmin etmek için kullanılmıştır. Ortalama ve standart sapma kullanılarak elde edilen G-20 ülkelerinin MVA seviyeleri, inovasyon girdi ve çıkış göstergelerinin yardımıyla %54,14 hata oranıyla tahmin edilmiştir. En iyi tahmin edilen seviye ise ortalamaya yakın olan gruptur. Bu çalışmanın benzersizliği, rassal orman algoritmasının kullanılarak Küresel İnovasyon Endeksi'nin temel boyutlarını oluşturan inovasyon girdi ve çıktı göstergeleriyle ülkelerin katma değer düzeylerini tahmin etmektir.

Keywords

Küresel İnovasyon Endeksi, G-20 Ülkeleri, Rassal Orman, Sanayi Katma Değeri, İnovasyon

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