An Analysis of Value-Added Production and Macroeconomic Performances of the Turkic Countries via DEMATEL and COPRAS Methods
SOSYOEKONOMI, vol.28, no.45, pp.139-164, 2020 (ESCI, TRDizin)
- Publication Type: Article / Article
- Volume: 28 Issue: 45
- Publication Date: 2020
- Doi Number: 10.17233/sosyoekonomi.2020.03.09
- Journal Name: SOSYOEKONOMI
- Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
- Page Numbers: pp.139-164
- Keywords: Value-Added Production, Macroeconomics Performance, DEMATEL, COPRAS, Turkic Countries, INTEGRATED APPROACH, SELECTION, MANAGEMENT, TOPSIS, DEA
- Open Archive Collection: AVESIS Open Access Collection
- Ondokuz Mayıs University Affiliated: Yes
Abstract
In this study, the macroeconomic and value-added production performances of Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, and Turkey between 2008 and 2016 are analyzed with DEMATEL and COPRAS methods. The results show that Turkey and Turkmenistan displayed the best macroeconomic and worst value-added production performances, however, Kazakhstan, Uzbekistan, and Azerbaijan are ranked below Turkey and Turkmenistan in terms of macroeconomic performances although they show much better value-added production performances than these two countries. This indicates that Kazakhstan, Uzbekistan, and Azerbaijan cannot utilize their income efficiently, while Turkey and Turkmenistan better utilize their income that they generate through nonproduction fields of activity.