IDEAS home Printed from https://ideas.repec.org/a/gam/jecomi/v13y2025i2p33-d1581341.html
   My bibliography  Save this article

Households’ (In)Security in the European Union: From Principal Components to Causality Analysis

Author

Listed:
  • Ionuț-Andrei Pricop

    (Department of Economics and International Relations, Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi, 700505 Iasi, Romania)

  • Laura Diaconu (Maxim)

    (Department of Economics and International Relations, Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi, 700505 Iasi, Romania)

Abstract

Economic security is considered one of the primary aspects of well-being and it is usually closely associated with poverty. This article intends to explore the main determinants of economic (in)security in European Union countries and to investigate the relationship between the level of economic insecurity and the degree of economic freedom. In order to achieve our goal, we used Principal Component Analysis (PCA) to stipulate a composite and standardized index of economic insecurity in the European Union and, afterwards, we utilized panel data regressions to analyze its correlation with the variables of the Index of Economic Freedom.

Suggested Citation

  • Ionuț-Andrei Pricop & Laura Diaconu (Maxim), 2025. "Households’ (In)Security in the European Union: From Principal Components to Causality Analysis," Economies, MDPI, vol. 13(2), pages 1-23, January.
    • Handle: RePEc:gam:jecomi:v:13:y:2025:i:2:p:33-:d:1581341
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7099/13/2/33/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7099/13/2/33/
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jecomi:v:13:y:2025:i:2:p:33-:d:1581341. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.