Theoretical and Applied Economics
No. 2 / 2025 (643), Summer
A comparative analysis of development in SAARC countries in the relation of sustainable development – taxonomic analysis
Baghlan University, Afghanistan
Yogesh N. VANSIYA
Veer Narmad South Gujarat University, India
Abstract. In this study, we present a comparative analysis of sustainable development among SAARC countries by ranking them using taxonomic methods and established indices from the World Bank, UNDP, and Social Progress Index (SPI) for the period 2015-2020. The primary objective was to assess whether taxonomic approaches, particularly the Hellwig and TOPSIS methods, offer a more nuanced ranking of development progress compared to other metrics. Through a rigorous application of multidimensional comparative analysis, we established a linear ordering of SAARC countries based on key economic, social, and health indicators. Our findings reveal significant disparities in sustainable development levels across SAARC countries, with overall consistency in rankings across methods. Minor year-to-year variations were observed in rankings based on taxonomic measures, HDI, and GNI per capita, while SPI rankings remained stable. This research contributes to a clearer understanding of regional development inequalities, providing a robust methodological framework that enhances the reliability and objectivity of cross-country comparisons in the SAARC region.
Contents
A bibliometric analysis on inequalities in higher education in the age of educational expansion
Trending over thinking – quick fame, quiet genius: the bad habits of social media
Understanding the impact of artificial intelligence on the stock market development in BRICS nations: a panel ARDL method
A comparative analysis of development in SAARC countries in the relation of sustainable development – taxonomic analysis
Complementary relationship between foreign direct investment, financial development threshold and economic growth: evidence from Sub-Saharan Africa
Artificial intelligence as a disruptive force in economics: transformations, challenges, and future prospects
The main drivers of labour cost dynamics in Central and Eastern European countries
Government debt service, interest rates, and macroeconomic stability: a conceptual approach
Shaping health systems through strategy and economics: a global bibliometric exploration of policy pathways
Energy and economics: an empirical study on the global economic impact of energy crisis
Monetary policy, inflation, and exchange rate dynamics: evidence from the Turkish economy (2001-2023)
The impact of public spending on the inflation rate in Algeria: an econometric study for the period 2000-2023
Analyze the environmental sustainability factors in India: the role of ecological footprint and CO2 emission
Implications of monetary and fiscal policy shocks: evidence from an Eastern European economy
From e-government to efficient transport: investigating Romania’s digital leverage in logistics
Impact of ICT adoption on the food security of agricultural households in Burkina Faso
Greek tax policy and macroeconomic framework after the political transition, a systematic approach
Is Balance of Payments a monetary phenomenon: doctrinal aspects and empirical evidence from India
Neuroeconomics in the Age of AI: how machine learning alters human decision-making at the neural level
Analysis of the relationship between the optimal level of public spending and economic growth Evidence and experimental study on Algeria