Country risk assessment based on MULTIMOORA

Abstract

Country risk analysis (CRA) attempts to identify the potential for different type of risks arising from a variety of national differences in policies, geography, economic structures, socio-political institutions and currencies. This paper proposes the analysis on country risk assessment in Baltic States during 1999–2009 periods. Investigations and calculations of rankings for country risk were made and the results optimized by implementing MOORA (Multi-Objective Optimization by Ratio analysis) and MULTIMOORA (MOORA plus Full Multiplicative Form) methods. Starting with a system of 3 alternative responses on 12 objectives (indicators), several approaches come to unambiguous results, which could be engaged in the process of creating new strategies for country risk assessment for Baltic States.