Clusterization of the European Union Countries by the Gross Value Added, the Number of Employed Persons and the Gross Value Added Growth Components

Alexander Naydenov ()

Ikonomiceski i Sotsialni Alternativi, 2016, issue 2, 47-57

Abstract: The gross value added, the number of the em­ployed persons and their derivates, as one of the key macro-economic indicators, are critical for the analysis of EU countries economic development. Although each of the EU countries is character­ized by its own ‘way’ of development, some of their common properties are obvious too. This gives us a reason for the clusterisation (grouping) of the countries in order to study and clarify the factors for the formation of the ‘leader’ and ‘follower’ type countries in a community with common interests

Keywords: gross value added; employed persons; growth components; cluster analysis (search for similar items in EconPapers)
JEL-codes: C13 E20 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2016:i:2:p:47-57

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