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Ulaştırma ve Lojistik Kongreleri

alphanumeric journal

The Journal of Operations Research, Statistics, Econometrics and Management Information Systems

Economic Freedom Index Calculation Using FCM


Necati Alp Erilli, Ph.D.


Abstract

The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world's nations. There are many kinds of Economic Freedom Indices depending on variables which many institute or company determine for their research. The aim is to predict countries or regions according to economic parameters. In this study, fuzzy clustering algorithm is proposed for economic freedom ındex calculation. By using degree of memberships founded by FCM, Economic Freedom index will be calculated for regions. Results compared with indices calculated by The Heritage Foundation for the year 2013, 2014, 2015 and 2016. It is showed that FCM is an alternative method for index calculating systems.

Keywords: Classification, Economic Freedom, FCM, Freedom Index, Fuzzy Clustering Analysis

Jel Classification: C38, F63, O50

FCM Kullanarak Ekonomik Özgürlük Endeks Hesaplaması


Öz

Ekonomik Özgürlük Endeksi, Heritage Foundation ve Wall Street Journal tarafından 1995 yılında dünya uluslarındaki ekonomik özgürlük derecesini ölçmek için oluşturulan yıllık bir endeks ve sıralamadır. Birçok enstitü veya şirketin araştırmaları için belirlediği değişkenlere bağlı olarak Ekonomik Özgürlük Endekslerinin birçok türü vardır. Amaç, ülkeleri veya bölgeleri ekonomik parametrelere göre öngörmektir. Bu çalışmada, ekonomik özgürlük endeksi hesaplaması için bulanık kümeleme algoritması önerilmiştir. Bulanık C-Ortalamalar yardımıyla hesaplanan üyelik derecelerini kullanarak, ülkeler için Ekonomik Özgürlük endeksi hesaplanacaktır. Heritage Foundation tarafından 2013, 2014, 2015 ve 2016 yılları için hesaplanan endekslerle karşılaştırıldığında sonuçlar, BCO'nun endeks hesaplama sistemleri için alternatif bir yöntem olduğunu göstermiştir.

Anahtar Kelimeler: BCO, Bulanık Kümeleme Analizi, Ekonomik Özgürlük, Sınıflama, Özgürlük Endeksi


Cite this article

Erilli, NA. (2018). Economic Freedom Index Calculation Using FCM. Alphanumeric Journal, 6(1), 93-116. http://dx.doi.org/10.17093/alphanumeric.337322

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Volume 6, Issue 1, 2018

2018.06.01.ECON.01

alphanumeric journal

Volume 6, Issue 1, 2018

Pages 93-116

Received: Sept. 8, 2018

Accepted: April 5, 2018

Published: June 26, 2018

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