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Measurement of development and regional disparities in Greek periphery: A multivariate approach

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  • Goletsis, Y.
  • Chletsos, M.

Abstract

The identification of regional disparities and regional growth patterns is an important factor affecting policy formulation. Single indicator, usually GDP-based, approaches have revealed significant shortcomings. In this work we provide a methodology and the respective tools to analyse regional disparities and development patterns. Aiming at capturing the different aspects of development and quality of life our approach is multi-dimensional: we, first, develop a composite index; we, then, apply multivariate clustering for identifying regions with similar socio-economic profiles. The methodology is applied to examine Greek regions. The results do not provide strong evidence for convergence of Greek regions during the period 1995–2007.

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Bibliographic Info

Article provided by Elsevier in its journal Socio-Economic Planning Sciences.

Volume (Year): 45 (2011)
Issue (Month): 4 (December)
Pages: 174-183

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Handle: RePEc:eee:soceps:v:45:y:2011:i:4:p:174-183

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Web page: http://www.elsevier.com/locate/seps

Related research

Keywords: Regional development Convergence Clustering Factor analysis Composite index;

References

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  1. Salvador Barrios & Eric Strobl, 2005. "The dynamics of regional inequalities," European Economy - Economic Papers 229, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  2. Costas Siriopoulos & Dimitrios Asteriou, 1997. "Testing the convergence hypothesis for Greece," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(5), pages 383-389.
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  7. Satya Paul, 1996. "A modified human development index and international comparison," Applied Economics Letters, Taylor & Francis Journals, vol. 3(10), pages 677-682.
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  11. Frederik Booysen, 2002. "An Overview and Evaluation of Composite Indices of Development," Social Indicators Research, Springer, vol. 59(2), pages 115-151, August.
  12. del Campo, Cristina & Monteiro, Carlos M.F. & Soares, Joao Oliveira, 2008. "The European regional policy and the socio-economic diversity of European regions: A multivariate analysis," European Journal of Operational Research, Elsevier, vol. 187(2), pages 600-612, June.
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  15. S. Alexiadis & J. Tomkins, 2004. "Convergence clubs in the regions of Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 11(6), pages 387-391.
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