Impact of COVID-19 in Europe

Teodora Cătălina Dumitra
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Teodora Cătălina Dumitra: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2023, vol. XXX, issue Special, Summer, 113-133

Abstract: The COVID-19 pandemic had profound effects on several industries. In this background paper, we attempted to justify how much this anomaly conducted to the increase of socio-economic inequality at the European level. The research takes into account 27 European countries simultaneously with 9 indicators that were the basis for the creation of the unequaled indicator. The composite index was calculated adopting the approach of the researcher A.A. Davidescu (Davidescu, 2017, pp. 227-240). Regarding the statistical methods and techniques used, we can mention: descriptive statistics, principal components analysis, cluster analysis, self-organizing maps and forecasts. The results determined a moderately increase in socio-economic disparities throughout Europe.

Keywords: COVID-19; cluster analysis; principal component analysis; composite index; selforganizing maps. (search for similar items in EconPapers)
Date: 2023
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