GREEN GROWTH PERFORMANCE ACROSS COUNTRIES: AN MCDM-BASED ASSESSMENT WITH POLICY IMPLICATIONS FOR SUSTAINABLE FINANCE
Tezin Türü: Yüksek Lisans
Tezin Yürütüldüğü Kurum: Yıldız Teknik Üniversitesi, İktisadi Ve İdari Bilimler Fak., İşletme Bölümü, Türkiye
Tezin Onay Tarihi: 2026
Tezin Dili: İngilizce
Öğrenci: ASMA HEIDARI
Danışman: Gökhan Özkaya
Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
Özet:
In recent years, green growth—aimed at achieving economic growth while adapting to environmental constraints—has become one of the key policy frameworks for attaining the Sustainable Development Goals. Although the use of various indicators to assess green performance has increased, comparative studies remain limited, particularly in the field of multidimensional assessments of structural similarities and differences across countries and continents. The aim of this study is to examine and compare the performance of countries and continents in the field of green growth.
This study is based on data from the Green Growth Index Report and includes 40 countries. The top 10 countries from each continent—Asia, Europe, Africa, and the Americas—were selected based on the Human Development Index (HDI 2025). It should be noted that HDI was not included as an analytical variable in the study and was used solely as a criterion for sample selection. Methodologically, a Multi-Criteria Decision-Making (MCDM) framework was adopted. The CRITIC (Criteria Importance through Correlation Between Criteria) method was employed to determine the objective weights of the Green Growth Index criteria. The PROMETHEE method was then used to rank countries and continents based on their Green Growth Index performance. In addition, cluster analysis was used to group and classify countries into homogeneous groups.
Overall, the results indicate significant heterogeneity in green growth performance across countries and continents. In fact, countries at similar levels of development do not necessarily perform similarly in green growth outcomes. Furthermore, continental patterns do not capture significant intra-continental differences. Finally, this study integrates advanced MCDM techniques with cross-country and cross-continental analyses to advance the green growth literature. The findings provide policy-relevant analytical insights into how green growth performance can inform sustainable finance strategies at the national and regional scales, offering valuable guidance for policymakers to develop a green growth-aligned strategy tailored to the region's circumstances.
Key Words: Green Growth; Sustainable Finance; Multi-Criteria Decision Making (MCDM)