DETUROPE - The Central European Journal of Regional Development and Tourism 2021, 13(3):4-31 | DOI: 10.32725/det.2021.017

Labour market crisis management after crisis of 2008 - Intervention expenditure and "Europe 2020" indicators

Tímea Győri
Hungarian University of Agricultural and Life Sciences, Doctoral School of Economics and Regional Sciences H-2100 Gödöllő, Páter Károly street 1

The primary aim of this study is to explore how the Member States of the European Union have responded to the crisis, what labour market interventions were preferred, how the structure of labour market expenditures changed between 2008 and 2018. On the other hand, examines the connections between the indicators of the Europe 2020 strategy, as well as the possibilities of condensing the indicators into principal components. Along the dimensions of the created main components, the Member States were grouped by K-mean cluster analysis. The paper also analyses the relationship between the established clusters and the labour market expenditures of each Member State.

Keywords: labour market, Europe 2020, correlation analysis, principal component analysis, cluster analysis

Published: February 1, 2022  Show citation

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Győri, T. (2021). Labour market crisis management after crisis of 2008 - Intervention expenditure and "Europe 2020" indicators. DETUROPE - The Central European Journal of Regional Development and Tourism, 13(3), 4-31. doi: 10.32725/det.2021.017
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