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Regional economic welfare: a comparative approach between Spanish and Italian regions

Author

Listed:
  • Murias Fernández, Pilar

    () (Universidad Santiago de Compostela)

  • Martínez Roget, Fidel

    (Universidad Santiago de Compostela)

  • Novello, Simone

    (CESUGA/University Collegue Dublín)

Abstract

This paper proposes a revised view of regional economic wellbeing. Recent papers on regional studies have expressed concern about the notion of regional well-being that considers only per-capita income indicators. Comparing Italian and Spanish regions and using Data Envelopment Analysis, this paper suggests a synthetic indicator of regional economic wellbeing based on Osberg’s (1985) four components: consumption capacity, accumulation, inequality, and economic insecurity. The indicator does not impose a pre-defined view of well-being in the comparison between regions which may have different perceptions about it. The results show that distinct regions can reach the same level of well-being through different paths. We conclude by reflecting on how future studies of economic well-being should explain the principles underlying the geographical distribution of regional economic well-being.

Suggested Citation

  • Murias Fernández, Pilar & Martínez Roget, Fidel & Novello, Simone, 2010. "Regional economic welfare: a comparative approach between Spanish and Italian regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 18, pages 5-36.
  • Handle: RePEc:ris:invreg:0060
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    Keywords

    economic well-being; regions; synthetic indicator; Italy and Spain;

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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