Cluster Analysis: Is Turkey Far From European Union Members in Economic Perspective?

Çigdem Özari, Ülgen Köse, Veysel Ulusoy

Abstract


EU member countries, candidate and potential candidate countries are clustered between the years 1996–2009 according to their import, export, gross domestic product, labor force and long term unemployment data. We find out that for the whole data set (1996:01–2009:12) Turkey is not far from existing European Union members in an economic manner. For the time sets 1996:01–2003:12; we see that Turkey is in the same cluster with Poland which is accepted to European Union in 2004, and for the time set 2004:01–2009:12 Turkey is in the same cluster with newly accepted EU members in 2004 and 2007.


Full Text: PDF DOI: 10.5539/ijef.v5n12p127

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International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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