A County-Level Analysis of the Economic Performance in Romania and Bulgaria Using Hierarchical Algorithms

Alexandra-Nicoleta Ciucu (Durnoi), Camelia Delcea () and Kosyo Stoychev
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Alexandra-Nicoleta Ciucu (Durnoi): Institute for Economic Forecasting, Romanian Academy, 050711 Bucharest, Romania
Camelia Delcea: Department of Economic Informatics and Cybernetics, Bucharest University of Economic Studies, 010552 Bucharest, Romania
Kosyo Stoychev: Department of Regional and Political Geography, Sofia University “St. Kliment Ohridski”, 1164 Sofia, Bulgaria

Stats, 2024, vol. 7, issue 4, 1-29

Abstract: The EU Regional Competitiveness Index 2.0 measures a region’s ability to provide an attractive environment for businesses and residents to work and live. According to this indicator, countries in the southern and eastern regions of the European Union are reported to have the lowest values. As it measures the performance of NUTS-2 regions, it was desired to study the problem in more detail, reaching the NUTS-3 level. Thus, within the current research, Romania and Bulgaria are studied by means of a county-level analysis of the economies of the two states established through the prism of the labor market, the field of health, transport, enterprises, tourism, education, and research. Through eight indicators, a series of maps designed to present the situation of the two states was illustrated, and the investigation continued with a cluster analysis carried out by the implementation of hierarchical algorithms. During the course of the current study, a classification and a ranking of the counties of the two countries were performed to determine the areas with the best or, in contrast, the poorest performance.

Keywords: southeast Europe; cluster analysis; regional economy; qgis (search for similar items in EconPapers)
JEL-codes: C1 C10 C11 C14 C15 C16 (search for similar items in EconPapers)
Date: 2024
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