THE EVALUATION OF COMPETITIVENESS PERFORMANCE FOR DEVELOPING EIGHT COUNTRIES BY GREY TOPSIS

Year 2019, Volume: 3 Issue: 2, 70 - 79, 02.07.2019

Bahadır Fatih Yıldırım , Sultan Kuzu Yıldırım

Abstract

The World Economic
Forum has developed the Global Competitiveness Index to measure the countries'
competitiveness and rank the countries according to their level of competition.
This index is calculated separately for each country starting from 2007
considering the 12 indicators. In this study, a new ranking has been obtained
for 8 countries (D-8) developed with TOPSIS-G method by using the annual Global
Competitiveness Index data published by the World Economic Forum over the
period of 2007 to 2017. The relationship between the ranking of TOPSIS-G and observed
ranking was investigated by Spearman-Rank correlation coefficient and Kendall
Tau nonparametric correlation coefficients. As a result, it was determined that
the ranking found with TOPSIS-G method was strongly related to the annual
published rankings. In addition, the new ranking is less affected by competing
rankings over the years. While the country with the highest level of
competitiveness with Topsis-G method is Malaysia, Turkey is third. Pakistan is
the lowest competitiveness country.

Keywords

Global Competitiveness Index, D8, TOPSIS-G

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