Acta Universitatis Danubius. Œconomica, Vol 14, No 4 (2018)

New European Union Faces to New Poverty Challenge

Romeo Victor Ionescu

Abstract


The paper is focused on the analysis of the correlation between economic development and poverty across the EU. The “surprise” is that many Member States face to high poverty and social exclusion rates in 2017 and the forecast are not too optimistic. The analysis in the paper follows more steps: a comparative analysis focused on child poverty rate, a regression analysis able to point out the disparities between Member States and a cluster analysis, as well. In order to obtain a better approach and better conclusions, forecasting procedures are used on short time. Finally, a cross-correlation analysis is used in order to express the compatibility between the poverty’s evolution in each Member States vs EU average. The main conclusion of the paper is that of the impossibility to solve the poverty’s challenge on short and medium terms in EU. Moreover, Member States can define three clusters under this indicator. This is the main reason to continue the present research to a new analysis of the poverty’s challenge in the context of the new EU’s approach.

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