DIGITALIZATION OF EU COUNTRIES: A CLUSTERWISE ANALYSIS

Jani Kinnunen, Armenia Androniceanu and Irina Georgescu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2019, vol. 13, issue 1, 1-12

Abstract: European Union is heading towards a digital single market based on its Digital Single Market strategy accepted in 2015. European countries have started their national digitalization strategies from very different levels and the gap is considerable between frontrunners and challengers. In this paper, multivariate data analysis techniques are used: 29 European countries are firstly grouped by clustering analysis using ten variables of different aspects of digitalization. Five clusters of similar countries are obtained. The clusters, as well as, the countries within each cluster show consistent performance roughly over all indicators. Secondly, principal component formulas are constructed based on principal component analysis. This is done for the EU as a whole and, separately, for each cluster.

Keywords: cluster analysis; digitalization; European Union; principal component analysis (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:13:y:2019:i:1:p:1-12

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