Quantitative assessment of the financial hardship in the euro area countries.

Autor: Ginevičius R; Faculty of Engineering Management, Bialystok University of Technology, Bialystok, Poland., Visokavičienė BT; Business Innovation School, Kazimieras Simonavicius University, Vilnius, Lithuania., Bilan Y; Faculty of Economics and Management, Czech University of Life Science, Prague, Czech Republic., Lisiński M; WSB University, Dąbrowa Górnicza, Poland.
Jazyk: angličtina
Zdroj: PloS one [PLoS One] 2024 Apr 18; Vol. 19 (4), pp. e0294886. Date of Electronic Publication: 2024 Apr 18 (Print Publication: 2024).
DOI: 10.1371/journal.pone.0294886
Abstrakt: The article examines financial hardship (FH) that appears as one of the essential socio-economic-financial categories reflecting a financial burden on society and therefore having a significant impact on the social and economic development of the country. The purpose of this article is to propose and approve a methodology for the complex quantitative assessment of financial difficulty, which allows comparing countries one another. The novelty of the conducted research is manifested by the formed financial hardship adequately exposing a system of indicators and suggesting the transformation of incomparable indicators into the comparable ones. The paper proposes a methodology for the integrated assessment of financial hardship based on multi-criteria methods, which contributes to solving the problems of the social sustainability and economic development of the countries employing different research methods. The proposed methodology provides a possibility of moving to a higher level of research comparing the countries as a whole, in line to the current status of FH. The actual benefits of the carried out research arise from the opportunity to envisage targeted measures for increasing social sustainability subject to the specific situation of the financial hardship of the countries thus removing the burdens of further economic development.
Competing Interests: The authors have declared that no competing interests exist.
(Copyright: © 2024 Ginevičius et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)
Databáze: MEDLINE
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