Reliability of the European Aims till 2020: a comparative cluster analysis

Emília Zimková

Published : 2013-08-30

Vol. 49 No. 4 (2013)

Reliability of the European Aims till 2020: a comparative cluster analysis

Emília Zimková

Abstract

The European Commission introduced a Strategy for Europe till 2020, which is focused on smart, sustainable and inclusive growth. In our contribution we would like to answer two research questions: which countries will probably be able to meet the aims proposed by the European Commission by 2020, and which is the best cluster analysis method to be applied in this research from a selection of the most used clustering methods. Single linkage (nearest neighbor), complete linkage (furthest neighbor), and Ward's minimum variance method of cluster analysis had been applied to the issue at hand. Ward's minimum variance method had gotten the best results from the point of view of statistical and economic interpretation. From the 28 European countries, only 8 have a real chance to meet the main criteria of the European Strategy for 2020.(original abstract)

Keywords:

Europe 2020 Strategy, Sustainable development, Cluster analysis, Ward method, Comparative analysis

Most read articles by the same author(s)

Emília Zimková, Public Debt Sustainability - the Case of Poland , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 54 No. 3 (2014)
Emília Zimková, Vlastimil Farkašovský, Jarosław Szostak, Perception of the Euro vs. the Economic Performance of EU States , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 79 No. 2 (2018)
Emília Zimková, Liquidity Premium in the Economic and Monetary Union's and Poland's Banking Sectors - an Indicator of Financial (In)Stability , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 59 No. 2 (2015)
Emília Zimková, Quo Vadis, Euro? , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 48 No. 3 (2013)
Emília Zimková, The Pros and Cons of Technological Innovations in Financial Services , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 73 No. 2 (2017)
Emília Zimková, An Innovative Approach to the Evaluation of Efficiency in the Financial Industry - The Case of Slovakia , Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu: Vol. 69 No. 4 (2016)

Details

References

Statistics

Authors

Download files

PDF (Język Polski)

Citation rules

Zimková, E. (2013). Reliability of the European Aims till 2020: a comparative cluster analysis. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 49(4). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1204

Altmetric indicators

Cited by / Share

References

Bogliacino F., Is smart growth employment friendly?, Joint Research Centre, 2011, http://ftp.jrc.es/ EURdoc/JRC63123_TN.pdf [5.04.2013].

Bogliacino F., Pianta M., Innovation and Employment. A Reinvestigation using Revised Pavitt Classes, "Research Polidy" 2010, vol. 39, no. 6.

European Commission, EUROPE 2020. A strategy for smart, sustainable and inclusive growth, Brussels 2010, http://ec.europa.eu/eu2020/pdf/COMPLET%20EN%20BARROSO%20%20 %20007%20-%20Europe%202020%20-%20EN%20version.pdf [10.04.2013].

European Council, Conclusions of the Heads of State or Governments of the Euro Area of 11 March 2011, Brussels 2011, http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/ 119809.pdf [10.04.2013].

European Council, European Council - 24/25 March 2011 - Conclusions, General Secretariat of the Council, European Council, Brussels 2011, http://www.consilium.europa.eu/uedocs/cms_data/ docs/pressdata/en/ec/120296.pdf [5.04.2013].

European Council, Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, Brussels 2012, http://europeancouncil.europa.eu/media/639235/st00tscg26_en12.pdf [10.04.2013].

Government of China, Outline of China's National Plan for Medium and Long-term Education Reform and Development (2010-2020), State Council of the Peoples' Republic of China, Beijing 2010, https://www.aei.gov.au/news/newsarchive/2010/documents/china_education_reform_pdf [10.04.2013].

Roth F., Thum A. E., The Key Role of Education in the Europe 2020 Strategy, CEPS Working Document no. 338, October 2010.

Tan P.-N., Steinbach M., Kumar V., Introduction to Data Mining, Pearson Education, London 2005.

Ward J. H. Jr., Hierarchical Grouping to Optimize an Objective Function, "Journal of the American Statistical Association" 1963, no. 58.

Zimková E. Quo Vadis, Euro? 7th Chorzowska Conference of Banking and Finance, submitted for publishing.