USE OF CLUSTER ANALYSIS IN STUDY OF EUROPEAN CEREALS MARKET

Paliu-Popa Lucia, Chirtoc Irina-Elena and Busan Gabriela
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Paliu-Popa Lucia: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU
Chirtoc Irina-Elena: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU
Busan Gabriela: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU
Authors registered in the RePEc Author Service: Lucia Popa Paliu

Annals - Economy Series, 2018, vol. 5, 14-27

Abstract: Starting from the fact the cereals are the main raw material for the food industry, the present work aims to analyse and identify, with the help of cluster analysis, the best performing countries, members of the European Union (EU), which have common characteristics having in view the degree of economic development, measured by means of the indicator of Gross Domestic Product (GDP), the production of grain and the yield per hectare. At the same time, using the method based on hierarchy of ranks, depending on the size of each level features and the relative distance method in relation to maximum performance, will determine developments position which occupies each country within the clusters represented in the EU-28. The data is used for analysis related to late 2000, 2008, 2014 and 2015.

Keywords: cereals; cluster analysis; GDP; the production of grain; the yield per hectare (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2018:v:5:p:14-27

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