The changing pattern of European country groups: Economic, financial, and health indicators, 2000–2015

Songul Cinaroglu () and Mehmet Top
Additional contact information
Songul Cinaroglu: Department of Health Care Management, Faculty of Economics and Administrative Sciences (FEAS), Hacettepe University, 06800 Beytepe Ankara, Turkey
Mehmet Top: Department of Health Care Management, Faculty of Economics and Administrative Sciences (FEAS), Hacettepe University, 06800 Beytepe Ankara, Turkey

Acta Oeconomica, 2021, vol. 71, issue 4, 609-626

Abstract: This study compares the European country groups using economic, financial and health indicators in 2000 and 2015. The “Core” European Union (EU) countries, which are the main progenitors of the deterioration processes within the EU, have changed their cluster memberships from higher-order clusters to lower-order ones. Deposits in banks (assets) to GDP (%) and inflation at consumer prices (annual %) have played a leading role in the formation of EU country groups for 2000 and 2015. The study emphasized the importance of political cohesion and financial stance to mitigate European countries’ financial risks and welfare states.

Keywords: economic growth; financial development; health; European countries; k-means; clustering (search for similar items in EconPapers)
JEL-codes: C38 H51 N1 O1 O16 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1556/032.2021.00042 (application/pdf)
subscription

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aka:aoecon:v:71:y:2021:i:4:p:609-626

Ordering information: This journal article can be ordered from
Akadémiai Kiadó Zrt., P. O. Box 245, H-1519 Budapest, Hungary
https://akjournals.com/

Access Statistics for this article

Acta Oeconomica is currently edited by Mihályi, Péter

More articles in Acta Oeconomica from Akadémiai Kiadó, Hungary
Bibliographic data for series maintained by Kriston, Orsolya ().