Disparities In Economic Wellbeing Among Regions: The Case Of Spanish And Italian Objective 1 Regions
AbstractMoving beyond a traditional view of economic wellbeing, this paper analyzes economic well-being disparities between 38 Spanish and Italian regions and compares them with those derived from the traditional GDP per capita indicator. The paper suggests a synthetic indicator of regional economic wellbeing based on Osberg’s (1985) four components: consumption capacity, accumulation, inequality, and economic insecurity. These aspects are integrated in an single index by using the “Benefit-of-the-doubt” approach, a Data Envelopment Analysis model. The results show that the regions with less per capita GDP (EO Objective 1) are also those with lower levels of economic wellbeing. Yet, differences in terms of wellbeing are larger than those in terms of GDP per capita. Nevertheless, “poor” Italian regions have a better behaviour on economic wellbeing terms than “poor” Spanish ones. Galicia is among the few exceptions, enjoying an economic wellbeing larger that would be expected from its per capita product.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Santiago de Compostela. Faculty of Economics and Business. in its journal Revista Galega de Economía.
Volume (Year): 18 (2009)
Issue (Month): 1 ()
Economic wellbeing / Regional disparities / Synthetic indicator / Objective 1 regions / Italy and Spain.;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Iglesias Casal).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.