Principal Components Analysis of Employment in Eastern Europe

  • Mirko Savić University of Novi Sad, Faculty of Economics in Subotica, Department of Business Informatics and Quantitative Methods, Serbia


For the last decade, the employment structure is one of the fastest changing areas of Eastern Europe. This paper explores the best methodology to compare the employment situations in the countries of this region. Multivariate statistical analyses are very reliable in portraying the full picture of the problem. Principal components analysis is one of the simplest multivariate methods. It can produce very useful information about Eastern European employment in a very easy and understandable way.

Key Words: Employment, Multivariate analysis, Principal components analysis.
JEL: J21, C82.

How to Cite
Savić M. (2006). Principal Components Analysis of Employment in Eastern Europe. Panoeconomicus, 53(4), 427-437. doi:10.2298/PAN0604427S
Original scientific paper