Analysis of Business Sophistication Performance in G7 Countries: An Application of the MIEXCF-based CODAS Method

Authors : Furkan Fahri Altıntaş

Pages : 33-55

Doi:10.54821/uiecd.1618200

View : 35 | Download : 56

Publication Date : 2025-03-31

Article Type : Research Paper

Abstract :The business sophistication (BS) performance of major economies significantly influences global BS and the global economy. Consequently, analyzing the BS performance of these economies is crucial. Therefore, the aim of this study is to evaluate the BS performance of G7 countries using the MIEXCF-based CODAS method, based on the most recent Global Innovation Index - Business Sophistication (GII-BS) criteria. Empirical findings reveal that \\\"Knowledge Workers\\\" and \\\"Knowledge Absorption\\\" are the most significant criteria for countries, according to the MIEXCF method. Therefore, G7 countries should place greater emphasis on the \\\"Knowledge Workers\\\" and \\\"Knowledge Absorption\\\" BS criteria to make a greater contribution to global business development and the economy. Furthermore, the BS performance of countries was measured using the MIEXCF-based CODAS method, and the performance rankings were determined as follows: USA, Japan, UK, France, Germany, Canada, and Italy. Additionally, the study calculated the average BS performance value, and it was found that Germany, Canada, and Italy had below-average BS performance values. Therefore, it is concluded that these countries need to improve their BS performance to contribute more to global BS and the global economy. Methodologically, sensitivity, comparative, and simulation analyses indicate that the MIEXCF-based CODAS method can be effectively used to measure the BS performance of countries using the GII-BS criteria.
Keywords : İş Gelişmişliği, G7, MIEXCF, MIEXCF Tabanlı CODAS