Naslov
K-means clustering of countries according to war activities: Common characteristics and differences

Autori
Žmuk, Berislav ; Jošić, Hrvoje

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of FEB Zagreb 14th International Odyssey Conference on Economics and Business / Sever Mališ, Sanja ; Načinović Braje, Ivana ; Galetić, Fran - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2023, 493-505

Skup
14th International Odyssey Conference on Economics and Business

Mjesto i datum
Poreč, Hrvatska, 10.05.2023. - 13.05.2023

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
war ; countries ; macroeconomic indicators ; k-means clustering

Sažetak
There are detrimental effects of war that transcend battle deaths. The war has a great impact on other areas of human endeavour such as economic development and social well-being. The question that arises is what are the characteristics of countries involved in conflict and war. In the paper, k-means cluster analysis was conducted in the period from 1991 to 2017 on a noticeable sample of countries and 8 macroeconomic indicators, in order to investigate common characteristics and differences between countries in peace and war. Three clusters were formed, differentiating between countries in peace and war. The results of the analysis are mainly according to economic theory ; countries in a war in most cases are geographically located in Africa and Asia, had lower levels of GDP, HDI and absolute military expenditures, and higher refugee flows while there were no significant differences between countries in peace and countries at war related to self-harm deaths and inflation. This paper can be relevant to economic policymakers in times of uncertainty regarding the impact of war and conflict on economics.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA