Economic Freedom Index Calculation Using FCM

Economic Freedom Index Calculation Using FCM

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 c...

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Bibliographic Details
Main Author: Necati Alp Erilli
Format: Article
Language:English
Published: Istanbul University 2018-06-01
Series:Alphanumeric Journal
Subjects:
Classification
Economic Freedom
FCM
Freedom Index
Fuzzy Clustering Analysis
Online Access: http://alphanumericjournal.com/media/Issue/volume-6-issue-1-2018/economic-freedom-index-calculation-using-fcm.pdf
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spelling doaj-7e1617d20add4b27a220ede2c002cf482020-11-25T00:40:30ZengIstanbul UniversityAlphanumeric Journal2148-22252148-22252018-06-016193116http://dx.doi.org/10.17093/alphanumeric.33732221482225Economic Freedom Index Calculation Using FCMNecati Alp Erilli0 Cumhuriyet University, Department of Econometrics, Faculty of Economics and Administrative Sciences 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. http://alphanumericjournal.com/media/Issue/volume-6-issue-1-2018/economic-freedom-index-calculation-using-fcm.pdf ClassificationEconomic FreedomFCMFreedom IndexFuzzy Clustering Analysis
collection DOAJ
language English
format Article
sources DOAJ
author Necati Alp Erilli
spellingShingle Necati Alp Erilli
Economic Freedom Index Calculation Using FCM
Alphanumeric Journal
Classification
Economic Freedom
FCM
Freedom Index
Fuzzy Clustering Analysis
author_facet Necati Alp Erilli
author_sort Necati Alp Erilli
title Economic Freedom Index Calculation Using FCM
title_short Economic Freedom Index Calculation Using FCM
title_full Economic Freedom Index Calculation Using FCM
title_fullStr Economic Freedom Index Calculation Using FCM
title_full_unstemmed Economic Freedom Index Calculation Using FCM
title_sort economic freedom index calculation using fcm
publisher Istanbul University
series Alphanumeric Journal
issn 2148-2225
2148-2225
publishDate 2018-06-01
description 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.
topic Classification
Economic Freedom
FCM
Freedom Index
Fuzzy Clustering Analysis
url http://alphanumericjournal.com/media/Issue/volume-6-issue-1-2018/economic-freedom-index-calculation-using-fcm.pdf
work_keys_str_mv AT necatialperilli economicfreedomindexcalculationusingfcm
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