THE USE OF TAXONOMY METHODS FOR CLUSTERING EUROPEAN UNION COUNTRIES DUE TO THE STANDARD OF LIVING

Marta Kuc ()
Additional contact information
Marta Kuc: Nicolaus Copernicus University

Oeconomia Copernicana, 2012, vol. 3, issue 2, 5-23

Abstract: This paper proposes the application of taxonomic tools to study the differentiation of standard of living in the European Union countries. The aggre-gate distance between given countries is the basis for grouping member states in terms of their internal structure of the studied characteristics. The analysis is based on two chosen methods–the Ward’s and k-means method. The study includ-ed 24 member states of the European Union in 1995-2010. Depending on the distance between the object, the countries were divided into two or four clusters. Similar configuration of each group obtained using both methods has led to the conclusion that these methods can be used both complementarily and separately.

Keywords: standard of living; taxonomy methods; comparative analysis; Ward’s method; k-means clustering (search for similar items in EconPapers)
JEL-codes: C38 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://dx.doi.org/10.12775/OeC.2012.006 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pes:ieroec:v:3:y:2012:i:2:p:5-23

Access Statistics for this article

Oeconomia Copernicana is currently edited by Adam P. Balcerzak and Michal Moszynski

More articles in Oeconomia Copernicana from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ( this e-mail address is bad, please contact ).