Research Article

Comparison Of G-7 Countries' Macroeconomic Performance with SD and MABAC Methods

Volume: 8 Number: 1 March 29, 2024
TR EN

Comparison Of G-7 Countries' Macroeconomic Performance with SD and MABAC Methods

Abstract

Countries determine their economic policies according to macroeconomic performance criteria. Macroeconomic performance criteria provide basic information on the level of development of countries. A reduction in unemployment, price stability and a balanced budget are important for achieving economic growth and competitiveness. The aim of this study is to analyse the macroeconomic performance of the G7 (Germany, the United States, the United Kingdom, Italy, France, Japan and Canada), a union of the seven countries with the highest level of development in the world, between 2018 and 2022. . In the study, macroeconomic criteria (unemployment, inflation, external balance, and growth), which are called "magic diamonds" by OECD (Organization for Economic Cooperation and Development), were applied using SD (Standard Deviation) and MABAC (Multi-Attributive Border Approximation Area Comparison) methods. According to the results of the SD method, the inflation criterion has the greatest impact on macroeconomic performance in 2018 and 2019, the unemployment criterion in 2020 and 2022, and the growth criterion in 2021. According to the results of the MABAC method, Germany had the highest macroeconomic performance in 2020, and Japan had the highest macroeconomic performance in the other analyzed years.

Keywords

References

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Details

Primary Language

English

Subjects

Growth, Development Economics - Macro

Journal Section

Research Article

Publication Date

March 29, 2024

Submission Date

December 28, 2023

Acceptance Date

March 14, 2024

Published in Issue

Year 2024 Volume: 8 Number: 1

APA
Telli Üçler, Y. (2024). Comparison Of G-7 Countries’ Macroeconomic Performance with SD and MABAC Methods. Politik Ekonomik Kuram, 8(1), 243-255. https://doi.org/10.30586/pek.1411404
AMA
1.Telli Üçler Y. Comparison Of G-7 Countries’ Macroeconomic Performance with SD and MABAC Methods. Politik Ekonomik Kuram. 2024;8(1):243-255. doi:10.30586/pek.1411404
Chicago
Telli Üçler, Yasemin. 2024. “Comparison Of G-7 Countries’ Macroeconomic Performance With SD and MABAC Methods”. Politik Ekonomik Kuram 8 (1): 243-55. https://doi.org/10.30586/pek.1411404.
EndNote
Telli Üçler Y (March 1, 2024) Comparison Of G-7 Countries’ Macroeconomic Performance with SD and MABAC Methods. Politik Ekonomik Kuram 8 1 243–255.
IEEE
[1]Y. Telli Üçler, “Comparison Of G-7 Countries’ Macroeconomic Performance with SD and MABAC Methods”, Politik Ekonomik Kuram, vol. 8, no. 1, pp. 243–255, Mar. 2024, doi: 10.30586/pek.1411404.
ISNAD
Telli Üçler, Yasemin. “Comparison Of G-7 Countries’ Macroeconomic Performance With SD and MABAC Methods”. Politik Ekonomik Kuram 8/1 (March 1, 2024): 243-255. https://doi.org/10.30586/pek.1411404.
JAMA
1.Telli Üçler Y. Comparison Of G-7 Countries’ Macroeconomic Performance with SD and MABAC Methods. Politik Ekonomik Kuram. 2024;8:243–255.
MLA
Telli Üçler, Yasemin. “Comparison Of G-7 Countries’ Macroeconomic Performance With SD and MABAC Methods”. Politik Ekonomik Kuram, vol. 8, no. 1, Mar. 2024, pp. 243-55, doi:10.30586/pek.1411404.
Vancouver
1.Yasemin Telli Üçler. Comparison Of G-7 Countries’ Macroeconomic Performance with SD and MABAC Methods. Politik Ekonomik Kuram. 2024 Mar. 1;8(1):243-55. doi:10.30586/pek.1411404

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