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Unemployment and sovereign debt crisis in the Eurozone: A k-means-r analysis

João Dias

Physica A: Statistical Mechanics and its Applications, 2017, vol. 482, issue C, 108-117

Abstract: Some southern countries in Europe, together with Ireland, were particularly affected by the sovereign debt crises in the Eurozone and were obliged to implement tough corrective measures which proved to be very recessive in nature. As a result, not only GDP declined but unemployment jumped to very high levels as well.

Keywords: Sovereign debt; Crisis; Eurozone; Unemployment; Restricted k-means (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:482:y:2017:i:c:p:108-117

DOI: 10.1016/j.physa.2017.04.022

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Physica A: Statistical Mechanics and its Applications is currently edited by K. A. Dawson, J. O. Indekeu, H.E. Stanley and C. Tsallis

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