Evaluation of human capital performance of the countries by CRITIC and COPRAS methods: an application on the members of the organization of the black sea economic cooperation

Abstract

This study aims to evaluate the members of the Black Sea Economic Cooperation Organization (BSEC) in terms of human capital performance using CRITIC (Criteria Importance Through Intercriteria Correlation) and COPRAS (Complex Proportional Assessment) methods. A hybrid method has been used in analysis. This integrated model consists of a combination of CRITIC and COPRAS methods. The CRITIC method was used to find the objective weights of the criteria. The COPRAS method was used to rank the countries according to their performance. The infant mortality rate (per 1,000 live births), unemployment rate (percentage of the total labour force), average life expectancy at birth, total (years), labour force participation rate (percentage of the total population aged 15-64), current health expenditure (percentage of GDP), internet users (percentage of the total population) and population aged 15-64 (percentage of the total population) are used as criteria for measuring the human capital of countries. 2000, 2005, 2010, 2015, and 2018 data of the countries were used in the study. According to the analysis result, Serbia, Greece, Romania in 2000, Greece, Romania, Bulgaria in 2005, Greece, Russia, Bulgaria, in 2010, Russia, Moldova, Bulgaria in 2015, Russia, Romania and Bulgaria in 2018 are the top three countries with the highest human capital performance. Countries with the lowest human capital performance are as follows: Azerbaijan, Albania, Armenia in 2000 and 2005; Azerbaijan, Armenia, Turkey, in 2010; Turkey, Azerbaijan, Albania in 2015 and 2018.