Comparative assessment of economic development in the countries of the European Union

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dc.contributor.authorTrishch, Romancs
dc.contributor.authorSICHINAVA, Alexandercs
dc.contributor.authorBartoš, Vojtěchcs
dc.contributor.authorStasiukynas, Andriuscs
dc.contributor.authorSchieg, Martincs
dc.coverage.issue1cs
dc.coverage.volume24cs
dc.date.issued2023-01-16cs
dc.description.abstractInvestment, the entry of foreign firms depends of a large extent on the country's goodwill, which is reflected in various ratings. This representation of the situation is approximate, as it does not estimate the differences between the values of the indicators with adjacent grades. This can be avoided by dividing countries into homogeneous groups. It is appropriate to do so on the basis of non-linear grouping rather than linear grouping. It is based on the transformation of data into a dimensionless scale and linear grouping. In the case, its homogeneity increases thanks to the levelling of the most distinctive values and the alignment of the statistical characteristics of the groups. The aim of the article is to propose in principle, a new approach to the ranking of countries on the basis of their level of economic development. It was found that the nonlinear decision of countries into homogenous groups and compared to the linear grouping more accurately reflect the current situation.en
dc.formattextcs
dc.format.extent20-36cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationJournal of Business Economics and Management. 2023, vol. 24, issue 1, p. 20-36.en
dc.identifier.doi10.3846/jbem.2023.18320cs
dc.identifier.issn2029-4433cs
dc.identifier.orcid0000-0002-2984-275Xcs
dc.identifier.other183383cs
dc.identifier.researcheridP-7399-2017cs
dc.identifier.scopus57192412751cs
dc.identifier.urihttp://hdl.handle.net/11012/213720
dc.language.isoencs
dc.publisherVilnius Gediminas Technical Universitycs
dc.relation.ispartofJournal of Business Economics and Managementcs
dc.relation.urihttps://journals.vilniustech.lt/index.php/JBEM/article/view/18320/11548cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2029-4433/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjecteconomic developmenten
dc.subjectgross domestic producten
dc.subjectHarrington curvesen
dc.subjectnon-linear groupingen
dc.subjectinterval compilationen
dc.subjecthomogenous group of countriesen
dc.titleComparative assessment of economic development in the countries of the European Unionen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-183383en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:19en
sync.item.modts2025.01.17 15:27:33en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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