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The Application of Factorial and Cluster Analysis in Regional Policy

Author

Listed:
  • Jasmina Osmankovic

    () (School of Economics and Business Sarajevo, Bosnia and Herzegovina)

  • Rabija Somun-Kapetanovic

    () (School of Economics and Business Sarajevo, Bosnia and Herzegovina)

  • Emina Resic

    () (School of Economics and Business Sarajevo, Bosnia and Herzegovina)

  • Muamer Halilbasic

    () (School of Economics and Business Sarajevo, Bosnia and Herzegovina)

Abstract

The paper deals with the potential use of factorial and cluster analysis in defining a framework for regional economic policy, as well as a statistics framework acceptable to Eurostat. The spatial context of the study is Bosnia and Herzegovina. The paper uses factorial and cluster analysis and comparative analysis. The experience of Croatia in the application of these methods to the grouping of local entities by homogeneity is particularly relevant for the purposes of comparison. The topicality of the research is determined by the need to define an effective territorial or spatial framework for Bosnia and Herzegovina’s regional economic policy, and to ensure that the framework will facilitate access to European funds, programmes and projects.

Suggested Citation

  • Jasmina Osmankovic & Rabija Somun-Kapetanovic & Emina Resic & Muamer Halilbasic, 2009. "The Application of Factorial and Cluster Analysis in Regional Policy," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 721-730.
  • Handle: RePEc:osi:journl:v:5:y:2009:p:721-730
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    More about this item

    Keywords

    factorial analysis; cluster analysis; regional policy; Bosnia and Herzegovina;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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