ISSN:2148-2489

EVALUATING ECONOMIC FREEDOM CRITERIAS of OECD COUNTRIES WITH GREY RELATIONAL ANALYSIS METHOD and CLUSTER ANALYSIS FOR


In this research, Grey Relational Analysis (GRA) and Cluster Analysis Method were applied to the economic freedom index data of OECD (Economic Cooperation and Development Organization) countries. In the first part of this research, economic freedom index is mentioned. In the next part of the research, GRA method which is one of the Multi Criteria Decision Making (MCDM) methods is explained. In the application part, GRA method was applied to the economic freedom index data of 36 countries which are OECD countries between the years of 2015-2019 by considering 6 indices. Thus, it is aimed to rank the performance of the countries from the best to the worst. The MCDM methods are briefly mentioned and the steps and methods of application areas of GRA applied in the research are explained.


Keywords


OECD, Economic Freedom, Grey Relational Analysis Method, K-means Method

Yazar : Melike Taşcı - Çiğdem ÖZARI
Sayfa Sayısı: 464-488
DOI: http://dx.doi.org/10.29228/ASOS.36738
Tam Metin:
the Journal of Academic Social Sciences
E-Mail Aboneliği

E-Bülten'e abone olarak güncel haberlerin mailinize gelmesini sağlayabilirsiniz.

© Copyright Asos Eğitim Bilişim Danışmanlık / Akademik İletişim . Tüm Hakları Saklıdır.