Mercosur – a Comparison of Four Member Countries on the Basis of Selected Economic Indicators

• Authors: Vít Hinčica , Michala Mizerová , Hana Řezanková

Title variants

Mercosur – porównanie czterech krajów członkowskich na podstawie wybranych wskaźników ekonomicznych

• Languages of publication: EN

Abstracts

EN

The aim of this paper is to present how countries can be compared on the basis of the development of selected macroeconomic indicators. The economic similarity of the four founding Mercosur countries (i.e., Argentina, Brazil, Paraguay, and Uruguay), based on the development of five selected macroeconomic indicators in the period 1991–2016, is investigated. The following indicators were analyzed: current account balance, GDP per capita, trade-to-GDP ratio, unemployment rate, and the GDP deflator, using data from the World Bank database. Using hierarchical cluster analysis of changes in time series (differences and growth rates), it was found that the obtained clusters of countries are different. For this reason, cluster analysis was carried out for two different groups of indicators on the basis of the averages of the Euclidean distances obtained for the individual indicators.

PL

Celem tego artykułu jest ukazanie w jaki sposób można dokonać porównań państw na podstawie wybranych wskaźników makroekonomicznych. Zbadano podobieństwo gospodarek czterech krajów założycielskich Mercosur (tj. Argentyny, Brazylii, Paragwaju i Urugwaju) w analizując zmiany pięciu wybranych wskaźników makroekonomicznych w latach 1991–2016. Przeanalizowano następujące wskaźniki: saldo obrotów bieżących, PKB per capita, wskaźnik handlu do PKB, stopę bezrobocia i deflator PKB, wykorzystując dane z bazy danych Banku Światowego. Za pomocą hierarchicznej analizy skupień zmian szeregów czasowych (różnic i wskaźników wzrostu) wykazano, że uzyskane skupienia poszczególnych krajów są różne. W związku z tym analizę skupień przeprowadzono na podstawie średnich odległości euklidesowych uzyskanych dla poszczególnych wskaźników dla dwóch różnych grup wskaźników.

Keywords

EN

Mercosur; cluster analysis; country comparison; regional integration

PL

Mercosur; analiza skupień; porównanie krajów; integracja regionalna; Mercosur; analiza skupień; porównanie krajów; integracja regionalna

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Comparative Economic Research. Central and Eastern Europe
• Year: 2020
• Volume: 23
• Issue: 1
• Pages: 55-72

Dates

published

2020-03-30

Contributors

author

Vít Hinčica

• Ph.D., University of Economics, Faculty of International Relations Prague, Czech Republic

author

Michala Mizerová

• Bc., University of Economics, Faculty of International Relations Prague, Czech Republic

author

Hana Řezanková

• Prof., University of Economics, Faculty of Informatics and Statistics Prague, Czech Republic

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Identifiers

DOI

10.18778/1508-2008.23.04