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Economic resilience is new discussion which was disclosed by the economists after the conspicuous global financial crises of 2007-8. Throughout the years, numerous determinants have been used by different economists to calculate the resistance of any economy against these shocks. However, among them, the determinants used by Briguglio are broadly appreciated. Similarly, in this research paper mostly the similar determinants have been used to determine the economic resilience of the SAARC countries and its observer members, Iran nevertheless, Afghanistan has been excluded due to unenviable data. For the construction of resilience index and evaluating the ranking of countries the AHP (Analytical Hierarchy Approach) and TOPSIS approaches have been used. While Expert Choice software gave us suitable weightage for the selected determinants. The findings of the study reveal that, India is ranked as the top, followed by Iran and Bangladesh as third among the SAARC countries. Bhutan and Pakistan are ranked as low due to low progress in macroeconomic indicators and the selected determinants of the economic resilience. This study, would like to divert the attention of policy makers and government authorities, they should decrease the broaden gap of external debt and fiscal deficits of the economies. They have to invest more in social development and decline their reliance on the imports. Additionally, they should more focus on the concentration of exports in a few limited group of products which are highly vulnerable to the adverse shocks.

Dr. M. Ghaffari Fard , Mazhar Hussain. (2019) EVALUATING THE ECONOMIC RESILIENCE OF SAARC COUNTRIES BY USING AHP-TOPSIS APPROACH, Noor-e-Marfat, Volume 10, Issue 2.
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