Analyzing the global risks for the financial crisis after the great depression using comparative hybrid hesitant fuzzy decision-making models: Policy recommendations for sustainable economic growth

dc.authorid0000-0002-8072-031X
dc.authorid0000-0002-9858-1266
dc.contributor.authorDinçer, Hasan
dc.contributor.authorYüksel, Serhat
dc.contributor.authorŞenel, Seçil
dc.date.accessioned10.07.201910:49:13
dc.date.accessioned2019-07-10T19:50:13Z
dc.date.available10.07.201910:49:13
dc.date.available2019-07-10T19:50:13Z
dc.date.issued2018
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Uluslararası Ticaret ve Finansman Bölümü
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Uluslararası Lojistik Yönetimi Bölümü
dc.descriptionWOS: 000446770200169
dc.description.abstractThe aim of this study is to analyze the effects of global risks on financial crises. For this purpose, five different outstanding crises after the Great Depression of 1929 are taken into the consideration. Additionally, four different dimensions are selected regarding global risk by considering the Global Risk Report. Moreover, the hesitant fuzzy DEMATEL, the hesitant fuzzy VIKOR, and the hesitant fuzzy TOPSIS methodologies are used to reach this objective. We concluded that, with respect to global risks, the industry-based dimension has the highest importance in comparison to other dimensions. In addition, we also identified that the 2010 European debt crisis and the 1982 Latin American debt crisis were the most influenced crises in terms of global risk. The main reason for this is that the macroeconomic problems such as high inflation and unemployment had negative impacts on the industries of these countries. Another important point is that the results of the hesitant fuzzy VIKOR and hesitant fuzzy TOPSIS models are quite different, but they are the most similar when the experts do not reach the consensus. This situation shows that this analysis is quite appropriate with respect to the hesitant approach. While considering these aspects, we recommended that countries should firstly focus on the solutions related to industry level problems in order to minimize the global risk. Owing to this issue, it can be more possible to reach sustainable economic growth in the world.
dc.identifier.citationDinçer, H., Yüksel, S. ve Şenel, S. (2018). Analyzing the global risks for the financial crisis after the great depression using comparative hybrid hesitant fuzzy decision-making models: Policy recommendations for sustainable economic growth. Sustainability, 10(9). https://dx.doi.org/10.3390/su10093126
dc.identifier.doi10.3390/su10093126
dc.identifier.issn2071-1050
dc.identifier.issue9
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://dx.doi.org/10.3390/su10093126
dc.identifier.urihttps://hdl.handle.net/20.500.12511/1920
dc.identifier.volume10
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherMDPI
dc.relation.ispartofSustainabilityen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsAttribution 4.0 International*
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/*
dc.subjectGlobal Risk
dc.subjectFinancial Crisis
dc.subjectHesitant Fuzzy DEMATEL
dc.subjectHesitant Fuzzy TOPSIS
dc.subjectHesitant Fuzzy VIKOR
dc.subjectSustainable Economic Growth
dc.titleAnalyzing the global risks for the financial crisis after the great depression using comparative hybrid hesitant fuzzy decision-making models: Policy recommendations for sustainable economic growth
dc.typeArticle

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