Naslov
EXPLORING IMPACT OF ECONOMIC COST OF VIOLENCE ON INTERNATIONALIZATION: CLUSTER ANALYSIS APPROACH

Autori
Pejić Bach, Mirjana ; Dumičić, Ksenija ; Jaković, Božidar ; Nikolić, Helena ; Žmuk, Berislav

Izvornik
International journal of engineering business management (1847-9790) 10 (2018), 1; 1-15

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
CAGE model ; cluster analysis ; economic development level ; machine learning ; violence cost

Sažetak
Companies have to deal with many different challenges in their environment every day. In this article, focus is given to inspecting the impact of the economic costs of violence on 119 countries worldwide. In the analysis, the CAGE model, which consists of four complex domains: Cultural, Administrative, Geographic, and Economic differences, is used to group countries according to their development level and the level of violence costs. However, in the clustering analysis, except the CAGE variable, 10 additional variables describing development level and the economic costs of violence are used as well. According to the conducted nonhierarchical cluster analysis, in which a k-means approach was used, six groups of countries are recognized. Most countries can be found in the cluster of developing countries with low economic costs of violence. So, the results pointed out that, despite the low economic costs of violence, a large number of countries are still struggling with other key environmental challenges that prevent them from achieving their full economic development potential.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA