A Novel Grey MCDM Model Assessing Macroeconomic Performance of G7 Countries
Küçük Resim Yok
Tarih
2025
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Research Information Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Macroeconomic indicators offer critical insights into the economic performance of nations. The potential variability of these factors necessitates formulating policies and implementing actions to counteract any adverse situations that may arise. This research aims to evaluate the macroeconomic performances of the seven developed nations, known as the G7 nations. The research identified imports of goods and services, exports of goods and services, gross fixed capital formation, gross domestic savings, unemployment, population, current account balance, inflation, consumer prices gross domestic product as criteria for performance assessment. An integrated framework integrating the LOPCOW-G and RAWEC-G methodologies is presented to assess the macroeconomic performance of G7 nations within the study's framework. The weight values derived from the LOPCOW-G technique indicate that the current account balance is the most significant factor influencing macroeconomic success. The RAWEC-G technique findings indicate that Japan had the highest economic performance, while the USA demonstrated the lowest economic performance.
Açıklama
Anahtar Kelimeler
G7, LOPCOW, Macroeconomic performance, MCDM, RAWEC
Kaynak
Journal of Grey System
WoS Q Değeri
Q3
Scopus Q Değeri
Cilt
37
Sayı
3
