Araştırma Makalesi

Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach

Cilt: 20 Sayı: 3 28 Eylül 2022
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Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach

Öz

Economic freedom is a broad term with numerous aspects. The aim of the study is to increase awareness of the economic freedom components and to provide an analytical approach. Entropy, TOPSIS, ARAS, SAW, Borda Count Method, Clustering, and Spearman correlation analysis were used to assess 40 nations. The countries with the greatest per capita GDP such as Hong Kong, Singapore, and Switzerland are at the top of the economic freedom ranking. On the other side, countries with low per-capita income such as Poland, Thailand, and Russian Federation rank bottom. Governments and officials in low-scoring nations must provide an environment of stability, trust, and facilitation for their residents and foreign investors in terms of trade tariffs, inflation, and account restrictions. Individuals, groups, non-governmental organizations, and institutions should persuade decision-makers and politicians to take novel action plans in terms of taxes, inflation policies, account restrictions, and decision-making in favour of greater freedom.

Anahtar Kelimeler

Kaynakça

  1. Altın, F. G., Tunca, M. Z., & Ömürbek, N. (2020). Entropi Temelli SAW ve ARAS Yöntemleri ile Nato Ülkeleri Askeri Güçlerinin Sıralanması. Alanya Akademik Bakış, 4(3), 731-753.
  2. Azadnia, A. H., Ghadimi, P., & Molani-Aghdam, M. (2011). A hybrid model of data mining and MCDM methods for estimating customer lifetime value. Paper presented at the The 41st International Conference on Computers and Industrial Engineering (CIE41), Los Angeles, United States of America, 23-26 2011.
  3. Balcerzak, A. P., & Pietrzak, M. B. (2016). Application of TOPSIS method for analysis of sustainable development in European Union countries: Institute of Economic Research Working Papers.
  4. Berggren, N., & Nilsson, T. (2020). Economic freedom as a driver of trust and tolerance. Economic Freedom of the World: 2020 Annual Report.
  5. Boyacı, A. Ç. (2021). Which OECD Countries Are Advantageous in Fight Against COVID-19? Erciyes Üniversitesi Fen Bilimleri Enstitüsü Fen Bilimleri Dergisi, 37(1), 137-148.
  6. Çakır, S. (2017). Measuring logistics performance of OECD countries via fuzzy linear regression. Journal of Multi‐Criteria Decision Analysis, 24(3-4), 177-186.
  7. Dehdasht, G., Ferwati, M. S., Zin, R. M., & Abidin, N. Z. (2020). A hybrid approach using entropy and TOPSIS to select key drivers for a successful and sustainable lean construction implementation. PloS one, 15(2), e0228746.
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Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

28 Eylül 2022

Gönderilme Tarihi

4 Nisan 2022

Kabul Tarihi

19 Ağustos 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 20 Sayı: 3

Kaynak Göster

APA
Özkaya, G. (2022). Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi, 20(3), 245-268. https://doi.org/10.18026/cbayarsos.1098468
AMA
1.Özkaya G. Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi. 2022;20(3):245-268. doi:10.18026/cbayarsos.1098468
Chicago
Özkaya, Gökhan. 2022. “Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach”. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi 20 (3): 245-68. https://doi.org/10.18026/cbayarsos.1098468.
EndNote
Özkaya G (01 Eylül 2022) Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi 20 3 245–268.
IEEE
[1]G. Özkaya, “Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach”, Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi, c. 20, sy 3, ss. 245–268, Eyl. 2022, doi: 10.18026/cbayarsos.1098468.
ISNAD
Özkaya, Gökhan. “Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach”. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi 20/3 (01 Eylül 2022): 245-268. https://doi.org/10.18026/cbayarsos.1098468.
JAMA
1.Özkaya G. Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi. 2022;20:245–268.
MLA
Özkaya, Gökhan. “Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach”. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi, c. 20, sy 3, Eylül 2022, ss. 245-68, doi:10.18026/cbayarsos.1098468.
Vancouver
1.Gökhan Özkaya. Country Comparisons on the Concept of Economic Freedom: A Multi-Criteria Decision-Making Approach. Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi. 01 Eylül 2022;20(3):245-68. doi:10.18026/cbayarsos.1098468

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