Journal of Official Statistics, Vol.7, No.4, 1991. pp. 425–435
Cluster Analysis in International Comparisons
Abstract:This article investigates a possible application of distance measures and cluster analysis for international comparisons of macroeconomic structures. Its focus is the economic interpretation of various magnitudes which can be obtained by clustering. Theoretical and methodological issues are discussed along with a numerical illustration, covering twenty European countries and using eleven variables.
The main use of distance measures and cluster analysis is (i) the automatic process of grouping countries according to structural similarities, and (ii) the identification of the correspondence of the various magnitudes of the variables.
Keywords:Economic statistics; cluster analysis; Euclidian distance; international comparisons.
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