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ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD
Abstract
With the advancement of democracy in a country, sustainable development, innovation, economic growth and progress can be achieved. Therefore, the progress of major economies in democracy can influence the global economy. In this context, the research measured the democracy performance of G7 countries, which account for more than half of global capital, using the Democracy Index (DI) components data created by The Economist Intelligence Unit (TEIU), the most recent and up-to-date data available, through the PSI multi-criteria decision-making (MCDM) method. According to the PSI (Preference Selection Index) method, the democracy performance of countries was ranked as Canada, Germany, the United Kingdom, Japan, France, Italy, and the USA. Furthermore, the average democracy performance value of countries was calculated, and it was observed that the countries with performance lower than this value were the United Kingdom, Japan, France, Italy, and the USA. Therefore, it is considered that the countries with lower-than-average democracy performance need to improve their democracy performance to contribute more to the global economy. Additionally, according to sensitivity, comparative, and simulation analyses in the research, it was concluded that the democracy performance of countries can be measured using the PSI method within the scope of the DI.
Keywords
References
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Details
Primary Language
English
Subjects
Regional Economy
Journal Section
Review Article
Authors
Early Pub Date
May 6, 2024
Publication Date
June 15, 2024
Submission Date
October 27, 2023
Acceptance Date
January 21, 2024
Published in Issue
Year 2024 Volume: 5 Number: 2
APA
Altıntaş, F. F. (2024). ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD. Toplum Ekonomi Ve Yönetim Dergisi, 5(2), 245-268. https://doi.org/10.58702/teyd.1382058
AMA
1.Altıntaş FF. ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD. Toplum Ekonomi ve Yönetim Dergisi. 2024;5(2):245-268. doi:10.58702/teyd.1382058
Chicago
Altıntaş, Furkan Fahri. 2024. “ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD”. Toplum Ekonomi Ve Yönetim Dergisi 5 (2): 245-68. https://doi.org/10.58702/teyd.1382058.
EndNote
Altıntaş FF (June 1, 2024) ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD. Toplum Ekonomi ve Yönetim Dergisi 5 2 245–268.
IEEE
[1]F. F. Altıntaş, “ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD”, Toplum Ekonomi ve Yönetim Dergisi, vol. 5, no. 2, pp. 245–268, June 2024, doi: 10.58702/teyd.1382058.
ISNAD
Altıntaş, Furkan Fahri. “ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD”. Toplum Ekonomi ve Yönetim Dergisi 5/2 (June 1, 2024): 245-268. https://doi.org/10.58702/teyd.1382058.
JAMA
1.Altıntaş FF. ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD. Toplum Ekonomi ve Yönetim Dergisi. 2024;5:245–268.
MLA
Altıntaş, Furkan Fahri. “ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD”. Toplum Ekonomi Ve Yönetim Dergisi, vol. 5, no. 2, June 2024, pp. 245-68, doi:10.58702/teyd.1382058.
Vancouver
1.Furkan Fahri Altıntaş. ANALYSIS OF DEMOCRACY PERFORMANCES OF G7 COUNTRIES: AN APPLICATION WITH PSI METHOD. Toplum Ekonomi ve Yönetim Dergisi. 2024 Jun. 1;5(2):245-68. doi:10.58702/teyd.1382058
Cited By
PSI VE MABAC YÖNTEMLERİYLE TASARRUF FİNANSMAN ŞİRKETLERİNİN 2021-2023 DÖNEMİ FİNANSAL PERFORMANS ANALİZİ
Kırklareli Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi
https://doi.org/10.51969/klusbmyo.1579802