Proceedings of the 22nd International Scientific Conference on Applications of Mathematics and Statistics in Economics (AMSE 2019)

Assessment of socio-economic development of selected European countries with the use of a modified HDI

Authors
Marek Biernacki, Wojciech Guzek
Corresponding Author
Marek Biernacki
Available Online October 2019.
DOI
https://doi.org/10.2991/amse-19.2019.14How to use a DOI?
Keywords
Human Development Index, socio-economic development, Programme for International Student Assessment, Euro Health Consumer Index
Abstract
The aim of the paper is to analyse the socio-economic development of selected European countries represented by various social policies, and to verify the hypothesis of different speeds of development within the groups into which these countries divide. The following groups are considered in the analysis: Post-Communist countries (the Visegrad Group countries, Lithuania, Latvia, Slovenia and Estonia); Scandinavian countries (Denmark, Finland and Sweden); so-called welfare states and "Old Europe" countries (Germany, France, Spain and Italy along with Great Britain and Portugal); and “small but affluent” countries: (Austria, Switzerland and the Netherlands). For the measurement, a modified HDI index is employed, based on a number of sources, including the PISA (Program for International Student Assessment) assessment and the EHCI (Euro Health Consumer Index). The period of analysis covers the years 2006 – 2015. The analysis shows that GDP dynamics of Post-Communist countries is significantly higher than the other countries’ dynamics. Dynamics of social development measured by HDI is also more rapid compared to the other groups. However, dynamics measured by the modified HDI does not give a clear indication. Affluent and large European countries are not those with the most prominent socio-economic development. Speaking the language of physics, these countries have a big momentum, equal to the product of mass and speed, compared to other European countries.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Proceedings
22nd International Scientific Conference on Applications of Mathematics and Statistics in Economics (AMSE 2019)
Part of series
Atlantis Studies in Uncertainty Modelling
Publication Date
October 2019
ISBN
978-94-6252-804-8
ISSN
2589-6644
DOI
https://doi.org/10.2991/amse-19.2019.14How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Marek Biernacki
AU  - Wojciech Guzek
PY  - 2019/10
DA  - 2019/10
TI  - Assessment of socio-economic development of selected European countries with the use of a modified HDI
BT  - 22nd International Scientific Conference on Applications of Mathematics and Statistics in Economics (AMSE 2019)
PB  - Atlantis Press
SP  - 130
EP  - 139
SN  - 2589-6644
UR  - https://doi.org/10.2991/amse-19.2019.14
DO  - https://doi.org/10.2991/amse-19.2019.14
ID  - Biernacki2019/10
ER  -