The changing pattern of European country groups: Economic, financial, and health indicators, 2000-2015

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ÇINAROĞLU S., TOP M.

ACTA OECONOMICA, cilt.71, sa.4, ss.609-626, 2021 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 71 Sayı: 4
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1556/032.2021.00042
  • Dergi Adı: ACTA OECONOMICA
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, EconLit, Geobase, Index Islamicus
  • Sayfa Sayıları: ss.609-626
  • Anahtar Kelimeler: economic growth, financial development, health, European countries, k-means, clustering, GROWTH, DISEASE, SYSTEMS, CRISIS
  • Hacettepe Üniversitesi Adresli: Evet

Özet

This study compares the European country groups using economic, financial and health indicators in 2000 and 2015. The "Core" European Union (EU) countries, which are the main progenitors of the deterioration processes within the EU, have changed their cluster memberships from higher-order clusters to lower-order ones. Deposits in banks (assets) to GDP (%) and inflation at consumer prices (annual %) have played a leading role in the formation of EU country groups for 2000 and 2015. The study emphasized the importance of political cohesion and financial stance to mitigate European countries' financial risks and welfare states.