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Original scientific paper
https://doi.org/10.2478/crebss-2018-0005

Process of ranking countries by level of development

Željko V. Račić ; University of Banja Luka, Faculty of Economics, Banja Luka, Bosnia and Herzegovina

Fulltext: english, pdf (209 KB) pages 53-61 downloads: 141* cite
APA 6th Edition
V. Račić, Ž. (2018). Process of ranking countries by level of development. Croatian Review of Economic, Business and Social Statistics, 4 (1), 53-61. https://doi.org/10.2478/crebss-2018-0005
MLA 8th Edition
V. Račić, Željko. "Process of ranking countries by level of development." Croatian Review of Economic, Business and Social Statistics, vol. 4, no. 1, 2018, pp. 53-61. https://doi.org/10.2478/crebss-2018-0005. Accessed 14 Dec. 2019.
Chicago 17th Edition
V. Račić, Željko. "Process of ranking countries by level of development." Croatian Review of Economic, Business and Social Statistics 4, no. 1 (2018): 53-61. https://doi.org/10.2478/crebss-2018-0005
Harvard
V. Račić, Ž. (2018). 'Process of ranking countries by level of development', Croatian Review of Economic, Business and Social Statistics, 4(1), pp. 53-61. https://doi.org/10.2478/crebss-2018-0005
Vancouver
V. Račić Ž. Process of ranking countries by level of development. Croatian Review of Economic, Business and Social Statistics [Internet]. 2018 [cited 2019 December 14];4(1):53-61. https://doi.org/10.2478/crebss-2018-0005
IEEE
Ž. V. Račić, "Process of ranking countries by level of development", Croatian Review of Economic, Business and Social Statistics, vol.4, no. 1, pp. 53-61, 2018. [Online]. https://doi.org/10.2478/crebss-2018-0005

Abstracts
The paper presents the process of ranking and classifying countries using the I-distance method. The I-distance method is a method of classification and multidimensional ranking based on the distance values between selected indicators. The selection of indicators was carried out using the principal components analysis, whereby the statistical software SPSS (Statistical Package for Social Sciences), the latest version 21th PASW Statistics, is used. The application of the I-distance determines the relative efficiency indicators. Classification and ranking are conducted based on the economic development using macroeconomic indicators for the selected European countries.

Keywords
classification; EU countries; I-distance method; principal components analysis; ranking

Hrčak ID: 201962

URI
https://hrcak.srce.hr/201962

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