Theoretical and Applied Economics
No. 2 / 2020 (623), Summer
An approach to the index of economic freedom using the data mining technique in the economic environment context
Bucharest University of Economic Studies, Romania
Abstract. Economics, at the macroeconomic level, can be viewed as a complex dynamic system consisting of a multitude of subsystems linked together by direct and indirect connections of different types. This dynamic system forms an economic cybernetic network composed from these subsystems, which evolves according to the economic environment and its own objectives, which are conditioned by the achievement of a general common objective. One of the most important indices that could characterize the economic environment for all countries is the Economic Freedom Index and it is very important to be taken into account by companies that want to be active in international market. In this article we analyzed the Index of Economic Freedom, divided into four subcategories: the rule of law, the size of the government, the efficiency of the regulations and the opening of the market. The analysis was performed on a set of data extracted for the year 2019 corresponding to 174 countries. Also, with the R software solution, I will apply multidimensional data analysis techniques to perform the proposed research.
Contents
Mathematical model used in substantiating optimal contract
Examining the drivers of business cycle divergence between Euro Area and Romania
Migration, economic causes and decisions
The voluntary pension funds – a viable solution to supplement the pensioners' incomes
An approach to measuring credit risk in a banking institution from Romania
Study on the evolution of tourism and perspectives
Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania
Causes of the curve: Assessing risk in public and private financial economics
An approach to the index of economic freedom using the data mining technique in the economic environment context
Banking sector and bank liquidity – key actors within financial crises?
Existence of rewards for a sustainable enterprise in the context of the human resources strategy
Do export, financial development, and institutions affect FDI outflows? Insights from Asian developing countries
Are resources a curse or blessings? Evidence from panel ARDL model
Investigating factors affecting cooperative and non-cooperative behavior: An experimental game in the classroom
Impact of exchange rate regimes on inflation: An empirical analysis of BRICS countries
Tax structure and economic growth in general category states in India: A panel auto regressive distributed lag approach
Banking Sector Reforms and the Goals of Nationalised Commercial Banks in India
Determinants of economic growth in India: A time series perspective
Impact of credit guarantee on the output gap: A panel data analysis of Asian sovereigns
Analyzing the robustness of ARIMA and neural networks as a predictive model of crude oil prices
Does the agriculture value-added contribute to the economic growth in 30 African countries?