International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1534
Status : Paper published
Language : Turkish
Topic : Regional Economics
Presenter: Prof. Dr. Ziya Gökalp Göktolga
Session : 1E Büyüme I
Comparison of the Economic Performance Turkish Republics in Central Asia with Analytic Hierarchy Process and Vise Kriterijumska Optimizacija I Komprom
Orta Asya Türk Cumhuriyetlerinin Ekonomik Performanslarının Analitik Hiyerarşi Süreci ve VIKOR Metodu ile Karşılaştırılması
- Asst. Prof. Dr. Engin Karakış (Cumhuriyet University, Türkiye)
- Prof. Dr. Ziya Gökalp Göktolga (Cumhuriyet University, Türkiye)
Abstract
The aim of this study is to compare the economic performance of Turkish Republics in Central Asia with Multi Criteria Decision Making (MCDM) methods. Turkish Republics have been experiencing a transition from a centrally planned economy towards a market economy since their independence. In this study important macro-economic and social indicators are used to determine economic performance. Economic performance evaluation of the countries an important issue for economic management, investors, creditors and stock investors. Vise Kriterijumska Optimizacija I Kompromisno Resenje (VIKOR) is an improved method for optimization in multi-criteria case. VIKOR method is a method based on a compromise solution. VIKOR method returns a sorted index based on the measurement closeness to ideal solution. In this study Analytic Hierarchy Process (AHP) method is used in determining the criteria weight. VIKOR is used to measure economic performance of Turkish Republics. Economic Performance of Turkish Republics in Central Asia (Azerbaijan, Turkmenistan, Kazakhstan, Kyrgyzstan, and Uzbekistan) are compared with VIKOR method. Study provides comparisons of the economic performance Turkish Republics in Central Asia. İnvestigated with VIKOR method countries best and worst economic performance years are detected during mentioned period and results are analyzed.
JEL codes: C61
Karakış, Engin, Göktolga, Ziya Gökalp (2016). "Comparison of the Economic Performance Turkish Republics in Central Asia with Analytic Hierarchy Process and Vise Kriterijumska Optimizacija I Komprom" in Proceedings of International Conference of Eurasian Economies 2016, pp.786-793, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01534
