Classification of European Union countries according to a household debt level and structure

• Main Authors: Zbigniew Gołaś, Paulina Anioła
• Format: Article
• Language: English
• Published: University of Life Sciences in Poznań 2011-01-01
• Series: Journal of Agribusiness and Rural Development
• Subjects: households; EU; over-indebtedness
• Online Access: http://www.jard.edu.pl/tom22/zeszyt4/art_1_pl.pdf
• ISSN: 1899-5241; 1899-5772

In the article were shown the results of cross-sectional and dynamic analysis of diversification of the level and structure of household debt and the problems with its repayment in the EU countries over the period 2005-2009. In the article the multidimen-sional methods of data analysis (cluster analysis – k-means method) which enabled to classify the households in the EU according to the characteristics that were used describe its debt. Moreover, in order to determine the quantitative relationships between the level of household debt, and between the frequency of occurring the problem with debt repayment, the tools of correlation and regression analysis were used. In the article were shown the results of cross-sectional and dynamic analysis of diversification of the level and structure of household debt and the problems with its repayment in the EU countries over the period 2005-2009. In the article the multidimen-sional methods of data analysis (cluster analysis – k-means method) which enabled to classify the households in the EU according to the characteristics that were used describe its debt. Moreover, in order to determine the quantitative relationships between the level of household debt, and between the frequency of occurring the problem with debt repayment, the tools of correlation and regression analysis were used.