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Abstract


COMPARATIVE ANALYSIS OF MACROECONOMIC PERFORMANCES OF EMERGING EUROPEAN COUNTRIES WITH THE IMPACT OF COVID-19 WITH TOPSIS AND MABAC METHODS

Macroeconomic indicators provide important information about the economic performance of countries. The possible fluctuations of these variables require economic decision makers to develop policies and take measures against the negative situation that may occur. During the pandemic process, fluctuations in macroeconomic variables occurred almost all over the world. The aim of this study is to measure the economic performance of 16 emerging (and developing) Europe countries in the light of selected macroeconomic indicators. In the study, it is aimed to compare the economic performances before and during the pandemic. From this point of view, the year 2019 and 2020 were selected in the study. In the study, TOPSIS and MABAC are used as Multi-Criteria Decision-Making methods. In addition, the ENTROPY method is used for weighting variables. According to the TOPSIS method, the top three highest performing countries in 2019 were Kosovo, Bosnia and Herzegovina and Montenegro, respectively; The last three underperforming countries were Serbia, Moldova and Hungary, respectively. In 2020, the top three highest performing countries were Albania, Croatia and Russia, respectively; The last three underperforming countries were Turkey, Kosovo and Poland, respectively. According to the MABAC method, the top three highest performing countries in 2019 were Kosovo, Montenegro and Poland, respectively; The lowest performing countries were Serbia, Ukraine and Moldova. In 2020, the countries with the highest performance were Albania, Russia and Hungary; The lowest performing countries were Turkey, Kosovo and Ukraine. As a result of the study, Turkey, Kosovo, Poland, Serbia, Moldova, Hungary and Ukraine are more economically fragile in the pandemic process than other countries.



Keywords
Covid-19, Macroeconomics, Multi-Criteria Decision-Making Methods, TOPSIS, MABAC



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