The dynamics between economic growth and living standards in EU Countries: A STATICO approach for the period 2006-2014

Santos, Antonio Duarte; Ribeiro, Sandra; Castela, Guilherme; Tavares da Silva, Nelson

http://hdl.handle.net/10400.1/13037

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Authors

Santos, Antonio Duarte

Ribeiro, Sandra

Castela, Guilherme

Tavares da Silva, Nelson

Abstract(s)

The rate of economic growth is dissimilar between areas or regions, and these divergences generate potential impact on quality of life. The occurrence of the financial and economic crisis of 2008, can strengthen these gaps. Economic growth in this analysis includes six levels of gross domestic product growth rates (GDPgr) and seven variables with direct implications on the quality of life of families. The observations are fifteen EU countries, organized into three groups: northern, central and southern. The STATICO method (Simier et al., 1999) used in this research is a three-way multivariate analysis supported on a partial triadic analysis (PTA, Thioulose and Chessel, 1987) to find the stable part of the structure of a series of tables from 2006 to 2014, over a common structure resulting from the co-inertia analysis (Doledec and Chessel, 1994) applied to each pair of an economic growth tables and a life standard tables. With this method, it was possible to extract the stable part of economic growth-life standard common relationships and to analyze the influences of the financial crisis of 2008