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Evaluation of the one belt and one road (OBOR) in economic development and suggestions analysis based on SWOT analysis with weighted AHP and entropy methods

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Abstract

The “One Belt, One Road” (OBOR) initiative has had a profound impact on promoting the building of a community with a shared future for mankind and plays a vital rule in achieving the sustainable development goals (SDG) of 2030. So far there is no evaluation model proposed to study the impact of OBOR current progress and identify the risk factors of this model. For this purpose, a hybrid evaluation model was developed using SWOT (strengths, weaknesses, opportunities, and threats) for decision-making, which used quality factor and risk factor weights from an analytic hierarchy process (AHP) and entropy method. The questionnaires were used to quantify the SWOT factors, which were filled by business owners in the OBOR initiative, faculty members and students who have major in trade, finance, and economics from different countries. Weights from AHP and entropy helped to rank different variables according to importance and risk, which helps decision-makers to consider these factors while becoming a part of the OBOR initiative. These factors also help current enterprises, experts, business owners and governments of different countries to decide on which factors they need to focus, and which factors they need to avoid. The SWOT matrix helps to find the strong zone area, which needs to be focused on by all stakeholders who are a part of the OBOR or are a part of the OBOR initiative.

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Authors and Affiliations

  1. School of Economics and Statistics, Guangzhou University, Guangzhou, Guangdong Province, China

    Muhammad Qayyum

  2. Department of Economics and Finance, City University of Hong Kong, Hong Kong, China

    Yu Yuyuan

  3. School of Information and Communication Engineering, Hainan University, Haikou, China

    Uzair Aslam Bhatti

  4. School of Economics, Hainan University, Haikou, 570228, Hainan Province, China

    Li Shijie

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Appendices

Appendix A

Score of Group matrix:

By recovering the questionnaire and processing the data, the scores of groups are as follows:

Table 9 Strength Group matrix
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Table 10 Weakness Group matrix
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Table 11 Opportunities Group matrix
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Table 12 Threats Group matrix
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Appendix B

Table 13 S group weight matrix table
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Table 14 W group weight matrix table
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Table 15 O group weight matrix table
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Table 16 T group weight matrix table
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Qayyum, M., Yuyuan, Y., Bhatti, U.A. et al. Evaluation of the one belt and one road (OBOR) in economic development and suggestions analysis based on SWOT analysis with weighted AHP and entropy methods. Multimed Tools Appl 82, 14985–15006 (2023). https://doi.org/10.1007/s11042-022-13565-w

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