Original scientific paper
https://doi.org/10.1080/1331677X.2018.1429944
Performance evaluation of the Visegrad Group countries
Eva Ivanová
; Faculty of Social and Economic Relations, Department of Economy and Economics, Alexander Dubček University of Trenčín, Trenčín, Slovakia
Jana Masárová
; Faculty of Social and Economic Relations, Department of Economy and Economics, Alexander Dubček University of Trenčín, Trenčín, Slovakia
Abstract
The objective of economic success is not only to achieve positive
developments in economic indicators, but to ensure a high living
standard and quality of life for the population. It is therefore necessary
to measure economic success in terms of social and socio-economic
indicators, which indicate the quality of life of the population.
A relevant indicator of economic development and economic
performance is the gross domestic product (GDP) per capita. Although
this indicator is the most widely used, it has recently been subject to
a wave of criticism. Therefore it is necessary to evaluate the economic
success, taking into account other variables, which in themselves
imply social indicators: net economic welfare, Human Development
Index (HDI), Index of Competitiveness, Index of Economic Freedom
(IEF), Prosperity Index, Corruption Perception Index and others. The
subject of this article is to evaluate the economic performance of the
Visegrad Group countries using GDP per capita and selected socioeconomic
indicators. We use the method of time series analysis to
examine the development of selected indicators. To compare their
development we use the method of comparison, and to formulate
the findings we use the method of synthesis. In order to evaluate
the performance of the Visegrad countries we use scoring method.
Keywords
Economic performance; Visegrad Group countries; gross domestic product (GDP); Human Development Index (HDI; Global Competitiveness Index (GCI)
Hrčak ID:
200668
URI
Publication date:
3.12.2018.
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