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Integrated Analysis Of The Cost Of Living Index In Asian Countries

Author

Listed:
  • Tuğba Yılmaz

    (Antalya Belek University)

  • Elçin Noyan

    (Antalya Belek University)

Abstract

This study investigated the cost of living in 44 Asian countries in 2023. The data were collected from numbeo.com and analyzed using the entropy method from the multi-criteria decision making (MCDM) methods. The five criteria determined for this analysis were ranked according to the Moosra, Moora, Vikor and Waspas methods. The results showed that the countries at the top of the cost of living ranking have similar rankings in other methods. This study is expected to contribute to the literature on the current cost of living analysis with MCDM methods.

Suggested Citation

  • Tuğba Yılmaz & Elçin Noyan, 2023. "Integrated Analysis Of The Cost Of Living Index In Asian Countries," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 38(120), pages 247-262, October.
    • Handle: RePEc:acc:malfin:v:38:y:2023:i:120:p:247-262
    DOI: https://doi.org/10.33203/mfy.1329330
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    More about this item

    Keywords

    Cost Of Living; Multi-Criteria Decision Making Methods; Entropy;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

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