INVESTIGATION OF OECD MEMBER COUNTRIES IN TERMS OF ENERGY INDICATORS WITH MULTIDIMENSIONAL SCALING ANALYSIS

Abstract

Countries need energy to achieve economic growth, socio-economic prosperity and sustainability. In this study, it is aimed to compare OECD countries, of which Turkey is a member, with each other in terms of energy variables, to identify countries that are similar and different to each other. In the study, Multidimensional Scaling analysis was carried out using data belonging to 9 energy variables of 36 OECD countries, namely Primary Energy Consumption, Primary Energy Consumption Per Capita, Electricity Production, Oil Consumption, Natural Gas Consumption, Coal Consumption, Hydroelectric Consumption, Renewable Energy Consumption and Renewable Energy Generation. According to the results of the analysis, the information reduced to two-dimensional scaling showed that Germany, France and Turkey are similar to each other, and Israel and Czechia are similar to each other. The United States, on the other hand, was obtained as the most diverse country in the OECD countries.