Özet:

In this study, the OECD (Economic Cooperation and Development Organization) member countries for the years 2015-2019, taking into account 6 indicators that are directly related to the freedom included in the Economic Freedom Index, from the Multi-Critical Decision Method to the Grey Relations Analysis Method and from the Compilation Analysis Method to the non-hierarchical K-mediates Method. With the Gray Relationship Analysis Method, countries were ranked from the best to the worst, taking into account these criteria, periodic differences were assessed. The method of K-mediates is applied and the countries are divided into two groups, taking into account the same criteria for the same period. similar countries are identified. The findings obtained from the two methods were examined whether they were compatible with each other. In this context, it is assessed whether the countries that are close to each other are included in the same group.

Özet:

In this research, Grey Relational Analysis (GRA) and Cluster Analysis Method were applied to the economic freedom index data of OECD (Economic Cooperation and Development Organization) countries. In the first part of this research, economic freedom index is mentioned. In the next part of the research, GRA method which is one of the Multi Criteria Decision Making (MCDM) methods is explained. In the application part, GRA method was applied to the economic freedom index data of 36 countries which are OECD countries between the years of 2015-2019 by considering 6 indices. Thus, it is aimed to rank the performance of the countries from the best to the worst. The MCDM methods are briefly mentioned and the steps and methods of application areas of GRA applied in the research are explained.

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