Global parameters of social economy clustering

  • Received December 3, 2017;
    Accepted January 16, 2018;
    Published January 26, 2018
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  • Article Info
    Volume 16 2018, Issue #1, pp. 36-47
  • Cited by
    15 articles

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

The study of various aspects of social economy is stipulated by the fact that the focus of any economic system is the human being as the main object and the result of economic activity. The purpose of this paper is to cluster of social economies of the countries throughout the world with distinguishing the models of social economy for transition economies under globalization conditions.
The results of research represent four clusters of social economy that prove validity of classification of 4 classic models of social economy: liberal, Scandinavian, corporatist, and Mediterranean. While the most developed countries have effective models of social economy, there is still no clear concept of social development for transition economies. This paper deals with social economy clustering of different countries with the view to determinate the place of transition economies in social metrics of global economy.
Our study is limited to the number of countries – 40 countries of the world, mainly European, and timeframes – 2015 and 2016.
The obtained results could be taken into account by governments when developing and implementing new social policy for transition economies considering the experience of countries with classical social models. The authors propose the main practical tools for transition social model.
It is proposed to distinguish one more model of social economy – the transition model, typical for transition economies that implement social reforms and has some common features.

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    • Figure 1. Tree diagram for 40 countries grouped by models of social economy
    • Figure 2. Graphs of means for clusters 1-4
    • Table 1. Global parameters of social development for some countries
    • Table 2. Means and standard deviations
    • Table 3. Cluster means for clusters 1-4
    • Table 4. Euclidean distances between clusters 1-4
    • Table 5. Analysis of variance
    • Table 6. Descriptive statistics for cluster 1
    • Table 7. Countries, belonging to cluster 1 and distances from respective cluster center
    • Table 8. Descriptive statistics for cluster 2
    • Table 9. Countries, belonging to cluster 2 and distances from respective cluster center
    • Table 10. Descriptive statistics for cluster 3
    • Table 11. Countries, belonging to cluster 3 and distances from respective cluster center
    • Table 12. Descriptive statistics for cluster 4
    • Table 13. Countries, belonging to cluster 4 and distances from respective cluster center
    • Table 14. Distribution of clusters 1-4 according to the countries and models of social economy