Comparative Analysis of OECD Countries in Terms of Basic Science and Technology Indicators Using Entropy and WASPAS Methods
Comparative Analysis of OECD Countries in Terms of Basic Science and Technology Indicators Using Entropy and WASPAS Methods

Summary/Abstract: Practical analysis of the policies implemented by countries successful in the field of science and technology is crucial, especially in the context of optimal policy selection for countries needing technological development. This study ranks 28 OECD countries on seven key science and technology indicators in 2022 using multi-criteria decision-making (MCDM) methods. The entropy method ranks the importance of variables, followed by the weighted aggregated sum product assessment (WASPAS) method for ranking countries based on technological performance. The WASPAS findings were confirmed with the additive ratio assessment (ARAS) method. The export market (share of computer, electronics and optics sector) was the most dominant criterion. Korea, Germany, Japan, France, and the Netherlands performed best, while Chile, Latvia, Luxembourg, and Lithuania need more effective policies. The study suggests that policies of technologically advanced countries should guide others.

• Details
• Contents