Journal Article

·2018 OPEN ACCESS

DETERMINATION OF COUNTRIES’ POSITION USING BETTER LIFE INDEX: THE ENTROPY BASED MULTIMOORA APPROACH

Serpil Kılıç Depren YTU , Seda Bağdatlı Kalkan YTU

Trakya Üniversitesi sosyal bilimler dergisi/Trakya Üniversitesi Sosyal Bilimler dergisi

Abstract

The most significant requirement for people to maintain their lives comfortably, is to have a specific level of welfare. Therefore, a country having a high level of welfare is preferred as a livable country. This has significant influences on the economies of countries. One of most significant researches conducted for determining the welfare levels of countries is the Better Life Index (BLI) research conducted by Organization for Economic Co-operation and Development (OECD) every year on a regular basis. With this research, 38 countries are ranked based on main criteria and sub-criteria, but a general ranking is not made. The aim of this study is to rank the countries by using Better Life Index data created by OECD. In the study, the criterion weights were determined and then, the countries were ranked with MULTIMOORA method. Then, the relationship between ranking of countries and their Human Development Index (HDI) rankings were investigated with Spearman’s Rank Correlation Coefficient and the results were interpreted.

Keywords

Ranking (information retrieval) Rank correlation Human Development Index Index (typography) Welfare Spearman's rank correlation coefficient Rank (graph theory) Position (finance) Entropy (arrow of time) Generalized entropy index Process capability index Economics Econometrics Statistics Mathematics Economic growth Human development (humanity) Operations management Panel data Computer science Information retrieval

Subject Areas

Multi-Criteria Decision Making ·Management Science and Operations Research ·Social Sciences

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