Performance Evaluation of G20 Countries’ Fight Against COVID-19 Using Multiple Criteria Decision-Making Methods

Seda Karakaş Geyik (), Mehmet Hakan Satman () and Gülin Kalyoncu ()
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Seda Karakaş Geyik: İstanbul Üniversitesi, İktisat Fakültesi Ekonometri Bölümü, İstanbul, Türkiye.
Mehmet Hakan Satman: İstanbul Üniversitesi, İktisat Fakültesi Ekonometri Bölümü, İstanbul, Türkiye.
Gülin Kalyoncu: İstanbul Üniversitesi, Sosyal Bilimler Enstitüsü Yöneylem Anabilim Dalı, İstanbul, Türkiye.

EKOIST Journal of Econometrics and Statistics, 2022, vol. 0, issue 37, 27-52

Abstract: The COVID-19 pandemic has affected countries around the whole world in many different areas. The main determinants of a country’s performance against the pandemic can be summarized through criteria such as the strength of its current health system, economic structures, demographic structures, restrictions, and support. Countries’ strategies also involve the consensus that has been reached by international organizations. The main purpose of this study is to evaluate the performance of G20 countries using multiple criteria decision-making (MCDM) methods. The criteria were first weighted using the CRITIC method, with the number of cases, number of deaths, liquidity supports, and additional expenditures in the health sector having been determined as the most important criteria. The data were then analyzed using MCDM methods to obtain countries’ rankings. As a result, the most successful countries were respectively determined as Australia, Japan, and China, while Brazil, Mexico, and South Africa came in the respective last three places.

Keywords: Multiple Criteria Decision Making; Copeland Method; COVID-19; G20 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ist:ekoist:v:0:y:2022:i:37:p:27-52

DOI: 10.26650/ekoist.2022.37.1161945

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