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

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  • Aleksandar Naydenov

    (University of National and World Economy, Sofia, Bulgaria)

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

Suggested Citation

  • Aleksandar Naydenov, 2016. "Clusterization of the European Union Countries by the Gross Value Added, the Number of Employed Persons and the Gross Value Added Growth Components," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 47-57, April.
    • Handle: RePEc:nwe:iisabg:y:2016:i:2:p:47-57
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    More about this item

    Keywords

    gross value added; employed persons; growth components; cluster analysis;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General

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