Araştırma Makalesi

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

Cilt: 17 Sayı: 2 17 Mart 2024
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Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs

Öz

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.

Anahtar Kelimeler

Kaynakça

  1. Anyanwu, J. C. (2017). Manufacturing Value Added Development in North Africa: Analysis of Key Drivers, Asian Development Policy Review, 5(4), 281-298. https://doi.org/10.18488/journal.107.2017.54.281.298
  2. Baldwin, R., & Ito, T. (2021). The Smile Curve: Evolving Sources of Value Added in Manufacturing, Canadian Journal of Economics/Revue Canadienne D'économique, 54(4), 1842-1880. https://doi.org/10.1111/caje.12555.
  3. Baba, B., & Sevil, G. (2020). Predicting IPO Initial Returns Using Random Forest, Borsa Istanbul Review, 20(1), 13-23. https://doi.org/10.1016/j.bir.2019.08.001.
  4. Boudt, K., Todorov, V., & Upadhyaya, S. (2009). Nowcasting Manufacturing Value Added for Cross-Country Comparison, Statistical Journal of the IAOS, 26(1,2), 15-20.
  5. Breiman, L. (2001). Random Forests, Machine Learning, 45, 5-32.
  6. Calderoni, L., Ferrara, M., Franco, A., & Maio, D. (2015). Indoor Localization in a Hospital Environment Using Random Forest Classifiers, Expert Systems with Applications, 42(1), 125-134. https://doi.org/10.1016/j.eswa.2014.07.042.
  7. Cantore, N., Clara, M., Lavopa, A., & Soare, C. (2017). Manufacturing as an Engine Of Growth: Which is The Best Fuel?, Structural Change and Economic Dynamics, 42, 56-66. https://doi.org/10.1016/j.strueco.2017.04.004.
  8. Chen, D.; Zheng, S., & Gou, L. (2015). The Impact of Science and Technology Policies on Rapid Economic Development in China, The Global Innovation Index 2015, chapter 6, https://www.wipo.int/edocs/pubdocs/en/wipo_pub_gii_2015-chapter6.pdf.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Kalkınma Coğrafyası

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

17 Mart 2024

Gönderilme Tarihi

10 Ocak 2024

Kabul Tarihi

16 Mart 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 17 Sayı: 2

Kaynak Göster

APA
Unanoglu, M., & Özarı, Ç. (2024). Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs. Kent Akademisi, 17(2), 592-605. https://doi.org/10.35674/kent.1417436
AMA
1.Unanoglu M, Özarı Ç. Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs. Kent Akademisi. 2024;17(2):592-605. doi:10.35674/kent.1417436
Chicago
Unanoglu, Murat, ve Çiğdem Özarı. 2024. “Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs”. Kent Akademisi 17 (2): 592-605. https://doi.org/10.35674/kent.1417436.
EndNote
Unanoglu M, Özarı Ç (01 Mart 2024) Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs. Kent Akademisi 17 2 592–605.
IEEE
[1]M. Unanoglu ve Ç. Özarı, “Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs”, Kent Akademisi, c. 17, sy 2, ss. 592–605, Mar. 2024, doi: 10.35674/kent.1417436.
ISNAD
Unanoglu, Murat - Özarı, Çiğdem. “Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs”. Kent Akademisi 17/2 (01 Mart 2024): 592-605. https://doi.org/10.35674/kent.1417436.
JAMA
1.Unanoglu M, Özarı Ç. Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs. Kent Akademisi. 2024;17:592–605.
MLA
Unanoglu, Murat, ve Çiğdem Özarı. “Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs”. Kent Akademisi, c. 17, sy 2, Mart 2024, ss. 592-05, doi:10.35674/kent.1417436.
Vancouver
1.Murat Unanoglu, Çiğdem Özarı. Assessing The Level of Manufacturing Value Added of G-20 and Its Relation to Innovation Inputs and Outputs. Kent Akademisi. 01 Mart 2024;17(2):592-605. doi:10.35674/kent.1417436

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