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Assessment of the Development of the European Oecd Countries with the Application of Linear Ordering and Ensemble Clustering of Symbolic Data

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  • Pełka Marcin

    (Wrocław University of Economics, Faculty of Economics, Management and Tourism, Department of Econometrics and Computer Sciences)

Abstract

The research background of the paper covers the development of a country, that can be measured in various ways. Simple indicators, like GDP and also complex indicators such as HDI (human development index), can be used to measure country development. However, usually countries are divided into groups via setting some arbitrary levels of final measure. What is more, the composite (complex) indices have some problems and errors.

Suggested Citation

  • Pełka Marcin, 2019. "Assessment of the Development of the European Oecd Countries with the Application of Linear Ordering and Ensemble Clustering of Symbolic Data," Folia Oeconomica Stetinensia, Sciendo, vol. 19(2), pages 117-133, December.
    • Handle: RePEc:vrs:foeste:v:19:y:2019:i:2:p:117-133:n:8
    DOI: 10.2478/foli-2019-0017
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    References listed on IDEAS

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    More about this item

    Keywords

    country development; symbolic data analysis; OECD countries; ensemble clustering;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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