Table 5.
Aggregation of country relation index.
| First-level indicators | Second-level indicators | Quantification | Aggregation |
|---|---|---|---|
| P | P1 | P1∗ = ΣAt·(Σevent score × times of exchanges) | P = (P1∗ + P2∗ + P3∗)/3 |
| P2 | P2∗ = ΣAt·(Σkeyword score × number of keywords) | ||
| P3 | P3∗ = ΣAt·(Σmultilateral event score/number of members) | ||
| E | E1 | E1 = import/total import of the home country | E = (E1 + E2 + E3 + E4)/4 |
| E2 | E2 = export/total export of the home country | ||
| E3 | E3 = FDI/total FDI of the home country | ||
| E4 | E4 = OFDI/total OFDI of the home country | ||
| S | S1 | S1 = entry/total outbound of the host country | S = (S1 + S2)/2 |
| S2 | S2 = exit/total outbound of the home country | ||
| R | P, E, S = dimension standardization | R + = 0.4P + 0.4E + 0.2S | |
| R ∗ = [(1 + P)/2]0.4 × E0.4 × S0.2 | |||