Comparative analysis of development paths in Central and Eastern European countries (V4+2) using a composite index, 1995–2020
Comparative analysis of development paths in Central and Eastern European countries (V4+2) using a composite index, 1995–2020

Summary/Abstract: The study compares the development paths of six Eastern European countries (Bulgaria, Czechia, Hungary, Poland, Romania, Slovakia) over the period 1995–2020 using a composite index that was developed by the authors.The composite index consists of four subindices (economic performance, technical infrastructure, human infrastructure, and ecological situation). The individual development indices are used to analyze the development trajectories of each country, and based on them, the six examined countries were classified into three clusters.The calculations show that the Czechia leads the ranking, while Poland and Hungary have a similar level of development to each other, the former because of rapid catching-up and the latter because of a slowdown in development dynamics. Slovakia, Romania, and Bulgaria are in the third group, mainly because of their less developed infra-structures.

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