INFORMATICA, vol.34, no.1, pp.53-83, 2023 (SCI-Expanded)
Innovation can be the greatest hope of overcoming economic challenges. This paper aims to evaluate countries concerning their innovation performances. We introduce an innovation perfor-mance evaluation methodology by considering objective factors and applying seven reliable MCDM methods: MEREC, CODAS, MABAC, MARCOS, CoCoSo, WASPAS, and MAIRCA. MEREC cal-culates the relative weights of indicators considered, while the other techniques decide the ranking order of G7 countries. The Borda rule is then employed to gain an aggregated ranking order. "Busi-ness sophistication" is the most critical indicator, whereas the US has the best position regarding the overall ranking. Sensitivity control is as well conducted.