Thursday, 29 March 2012: 5:10 PM
After the disintegration of the Soviet Union new states were founded, and majority of them created the Commonwealth of Independent States (CIS). The aim of the paper is the level of economic development of these countries evaluation, applying taxonomic indicators constructed for the data from the Central Statistical Office of the Commonwealth of Independent States in years 1995 – 2009. Analysis is provided for 10 CIS states, i.e. excluding Uzbekistan and Turkmenistan since statistical data for these countries were not available.
In the paper four taxonomic measures are constructed on the basis of 12 variables observed for each country i.e. X1 - GDP, X2 - industrial production, X3- agricultural production, X4 - investment outlays, X5 - transport, X6 - retail sales, X7 – price index of industrial production, X8 - consumer price index, X9 - export to CIS states, X10 - export to other countries than Commonwealth of Independent States, X11 - import inside CIS, X12 - import outside CIS. Indicators values are used to classify the investigated states into four classes containing countries characterized by similar level of economic development.
Keywords: CIS (Commonwealth of Independent States), synthetic taxonomic measures, clustering.