2016
DOI: 10.7595/management.fon.2016.0007
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A Multivariate Approach in Measurement of the Sustainable Development of European Countries

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Cited by 5 publications
(4 citation statements)
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References 25 publications
(16 reference statements)
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“…On the other hand, statistical criteria were used to select indicators within each thematic area). From each thematic area, one of the variables for which the correlation coefficient exceeded the threshold value of r* = 0.7 (D5, G3) was eliminated (if the correlation coefficient takes a value from 0.7 to 0.9, then the relationship between the studied variables is significant, while if it is above 0.9, then the relationship is very strong [4]). Two highly correlated variables (correlation coefficient ≥ 0.7) convey similar information (in this case, the correlation is equivalent to carrying the same information about the studied regions); therefore, one of them was eliminated.…”
Section: Methodsmentioning
confidence: 99%
See 1 more Smart Citation
“…On the other hand, statistical criteria were used to select indicators within each thematic area). From each thematic area, one of the variables for which the correlation coefficient exceeded the threshold value of r* = 0.7 (D5, G3) was eliminated (if the correlation coefficient takes a value from 0.7 to 0.9, then the relationship between the studied variables is significant, while if it is above 0.9, then the relationship is very strong [4]). Two highly correlated variables (correlation coefficient ≥ 0.7) convey similar information (in this case, the correlation is equivalent to carrying the same information about the studied regions); therefore, one of them was eliminated.…”
Section: Methodsmentioning
confidence: 99%
“…In addition, the deepening disparities between the highly developed and the developing countries have become significant in terms of the quality of their inhabitants' lives [1,2]. Sustainable development of regions is a complex process, which includes changes in both the quantitative and qualitative aspects taking place in the sphere of social, economic, and environmental activities [3][4][5][6]. The process of regional development takes place in changing conditions, which include endogenous factors related to the effective use of the internal economic and social potential of the region, as well as exogenous conditions, which undoubtedly include the crisis caused by the COVID-19 pandemic.…”
Section: Introductionmentioning
confidence: 99%
“…It has since 2006 undergone methodological refinement resulting in the development of a set of measures that are both statistically and conceptually sound [25,26]. It has also been variously employed as a benchmarking instrument for national level sustainability assessment [27][28][29].…”
Section: Introductionmentioning
confidence: 99%
“… Societyprogram goal is dedicated not only to environment protection but on economy and attitudes of society [3,6,19].…”
Section: B Impact On Economic Growthmentioning
confidence: 99%