Open AccessCLUSTERING OF THE COUNTRIES ACCORDING TO CONSUMER CONFIDENCE INDEX AND EVALUATING WITH HUMAN DEVELOPMENT INDEX
Author(s) -
Seda Bağdatlı Kalkan,
Serpil Kılıç Depren
Publication year - 2018
Publication title -
business and management studies: an international journal
Language(s) - English
Resource type - Journals
ISSN - 2148-2586
DOI - 10.15295/bmij.v5i4.173
Subject(s) - consumer confidence index , index (typography) , human development index , position (finance) , investment (military) , confidence interval , china , human development (humanity) , business , economic indicator , cluster (spacecraft) , economics , economic growth , marketing , statistics , geography , mathematics , finance , computer science , political science , macroeconomics , politics , world wide web , archaeology , law , programming language
Consumer confidence index is a national indicator that suggest about current and future expectations of the economic conditions. With consumer confidence index, it is aimed to determine the trends and expectations of consumers according to their general economic situation, employment opportunities, their financial situations and developments in the markets. Another parameter is also the Human Development Index (HDI). This index is an indicator that examines the development of countries both economically and socially. Countries are sorted by these two indices and are considered as basic parameters in international platforms. The purpose of this study is to group the selected countries according to the consumer confidence index and reveal the features of the groups and then determine the position of the grouped countries with the Human Development Index. According to the results of cluster analysis, it is shown that India, China, Sweden and USA have the highest total consumer confidence index, employment, expectation and investment index