Abstract
Economic resilience is new discussion which was disclosed by the
economists after the conspicuous global financial crises of 2007-8.
Throughout the years, numerous determinants have been used by
different economists to calculate the resistance of any economy
against these shocks. However, among them, the determinants used
by Briguglio are broadly appreciated. Similarly, in this research paper
mostly the similar determinants have been used to determine the
economic resilience of the SAARC countries and its observer
members, Iran nevertheless, Afghanistan has been excluded due to
unenviable data. For the construction of resilience index and
evaluating the ranking of countries the AHP (Analytical Hierarchy
Approach) and TOPSIS approaches have been used. While Expert
Choice software gave us suitable weightage for the selected
determinants. The findings of the study reveal that, India is ranked as
the top, followed by Iran and Bangladesh as third among the SAARC
countries. Bhutan and Pakistan are ranked as low due to low
progress in macroeconomic indicators and the selected determinants
of the economic resilience. This study, would like to divert the
attention of policy makers and government authorities, they should
decrease the broaden gap of external debt and fiscal deficits of the
economies. They have to invest more in social development and
decline their reliance on the imports. Additionally, they should more
focus on the concentration of exports in a few limited group of
products which are highly vulnerable to the adverse shocks.
Dr. M. Ghaffari Fard , Mazhar Hussain. (2019) EVALUATING THE ECONOMIC RESILIENCE OF SAARC COUNTRIES BY USING AHP-TOPSIS APPROACH, Noor-e-Marfat, Volume 10, Issue 2.
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