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Assessing the level of the material deprivation of European Union countries
Aleksandra Łuczak1, Sławomir Kalinowski2
1Department of Finance and Accounting, Poznan University of Life Sciences, Poznań, Poland.
Abstract:
The purpose of this paper is to assess the level of material deprivation in European Union countries in 2016 from both a local and a global perspective. The Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) was used in the study. Based on research, five main types of the level of the material deprivation of European Union countries were identified. Research findings suggest that the population of old EU countries is less severely affected by material deprivation than people living in new member states. Also, the level of global material deprivation was assessed. The study was based on 2016 statistical data delivered by Eurostat.
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