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Unemployment and sovereign debt crisis in the Eurozone: A k-means-r analysis

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  • Dias, João

Abstract

Some southern countries in Europe, together with Ireland, were particularly affected by the sovereign debt crises in the Eurozone and were obliged to implement tough corrective measures which proved to be very recessive in nature. As a result, not only GDP declined but unemployment jumped to very high levels as well.

Suggested Citation

  • Dias, João, 2017. "Unemployment and sovereign debt crisis in the Eurozone: A k-means-r analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 482(C), pages 108-117.
    • Handle: RePEc:eee:phsmap:v:482:y:2017:i:c:p:108-117
    DOI: 10.1016/j.physa.2017.04.022
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    References listed on IDEAS

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    1. Ersin Kantar & Bayram Deviren & Mustafa Keskin, 2014. "Hierarchical structure of the European countries based on debts as a percentage of GDP during the 2000-2011 period," Papers 1406.6559, arXiv.org, revised Jun 2014.
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    3. De Grauwe, Paul & Ji, Yuemei, 2013. "Self-fulfilling crises in the Eurozone: An empirical test," Journal of International Money and Finance, Elsevier, vol. 34(C), pages 15-36.
    4. Dias, João, 2012. "Sovereign debt crisis in the European Union: A minimum spanning tree approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(5), pages 2046-2055.
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    7. Philip R. Lane, 2012. "The European Sovereign Debt Crisis," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 49-68, Summer.
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    9. Matesanz, David & Ortega, Guillermo J., 2015. "Sovereign public debt crisis in Europe. A network analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 436(C), pages 756-766.
    10. Zunino, Luciano & Fernández Bariviera, Aurelio & Guercio, M. Belén & Martinez, Lisana B. & Rosso, Osvaldo A., 2012. "On the efficiency of sovereign bond markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(18), pages 4342-4349.
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    Cited by:

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    3. Ludmila-Daniela MANEA & Iulian Adrian SORCARU, 2021. "Cluster Analysis on the Unemployment Rate during Lockdown Period," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 29-36.

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