Mathematics in Education, Research and Applications (MERAA), 2025(11), 2
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Published online 2026-01-30
DOI:https://doi.org/10.15414/meraa.2025.11.02.60-73
Development of selected economic and social indicators - a case study of V4 countries
Marián Kováčik, Maroš Valach, Pavol Schwarcz, Patrícia Szabóová
Slovak University of Agriculture in Nitra, Faculty of European Studies and Regional Development, Institute of European Policies and Public Administration, Slovak Republic
Article Fulltext (PDF), pp. 60–73
- European communities were seen as a possibility to improve living standards in member countries and removing social and economic disparities
among them while ensuring peacetime for its members. The success of first members led to membership of 27 countries with different backgrounds and quality of
life. The year 2004 proved to be a challenge when 10 new, less developed countries entered the EU. The opportunities for these countries expanded and soon
there was an increase of foreign investments leading to increase of the GDPs and economies. Since then, there have been several negative plights, highly
affecting economic performance. The last one was the COVID-19 pandemic that slowed down the whole world. This paper investigates the relationship between
selected social and economic indicators in NUTS2 regions of the V4 countries – Poland, Slovakia, Czech Republic and Hungary. The goal was to find correlations
between the GDP and gross fixed capital formation (GFCF) and social indicators such as unemployment rate, severe material deprivation and at-risk-of-poverty.
Our results indicate correlation between the indicators, and we observe a positive impact of economic development on social conditions of the inhabitants,
thus leading to better quality of life in observed countries.
- Keywords: gross domestic product, gross fixed capital formation, unemployment rate, employment rate, severe material deprivation, at-risk-of-poverty
- JEL Classification: E10, E22, E24, I32, I38