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Regional Multipliers, Inequalities and Planning in Greece

Author

Listed:
  • Serafeim Polyzos

    (University of Thessaly)

  • Spyros Sofios

    (University of Thessaly)

Abstract

In this paper we employ input - output analysis in order to estimate the size of regional multipliers for the Greek prefectures (NUTS III). Then we attempt to analyse and evaluate the observed differences amongst the multipliers and to uncover likely correlations between the multipliers on the one hand, and selective economic indicators on the other hand. The analysis suggests that the most important indicators are "prosperity level", "level of development", "population potential" and "geographic distances". Drawing from the analysis on regional multipliers we construct a mathematical model that includes variables describing the distribution of the public and private investment targeted at achieving economic convergence. The study concludes by offering some general comments on the results of the preceding analysis.

Suggested Citation

  • Serafeim Polyzos & Spyros Sofios, 2008. "Regional Multipliers, Inequalities and Planning in Greece," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 6(1), pages 53-77.
  • Handle: RePEc:seb:journl:v:6:y:2008:i:1:p:53-77
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    File URL: http://www.asecu.gr/Seeje/issue10/polyzos.pdf
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    References listed on IDEAS

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    1. Fujita, Masahisa, 1993. "Monopolistic competition and urban systems," European Economic Review, Elsevier, vol. 37(2-3), pages 308-315, April.
    2. Philippe Martin, 2000. "The Role of Public Policy in the Process of Regional Convergence," Sciences Po publications info:hdl:2441/9328, Sciences Po.
    3. R C Jensen & G R West, 1980. "The effect of relative coefficient size on input - output multipliers," Environment and Planning A, Pion Ltd, London, vol. 12(6), pages 659-670, June.
    4. Krugman, Paul, 1993. "On the number and location of cities," European Economic Review, Elsevier, vol. 37(2-3), pages 293-298, April.
    5. Claudia Ciobanu & Konstadinos Mattas & Dimitris Psaltopoulos, 2004. "Structural Changes in Less Developed Areas: An Input- Output Framework," Regional Studies, Taylor & Francis Journals, vol. 38(6), pages 603-614.
    6. repec:spo:wpecon:info:hdl:2441/9328 is not listed on IDEAS
    7. George Petrakos & Yiannis Saratsis, 2000. "articles: Regional inequalities in Greece," Papers in Regional Science, Springer;Regional Science Association International, vol. 79(1), pages 57-74.
    8. Richard Harris & Aying Liu, 1998. "Input-Output Modelling of the Urban and Regional Economy: The Importance of External Trade," Regional Studies, Taylor & Francis Journals, vol. 32(9), pages 851-862.
    9. Venables, Anthony J, 1996. "Equilibrium Locations of Vertically Linked Industries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(2), pages 341-359, May.
    10. Bowe, Scott A. & Marcouiller, David W., 2007. "Alternative tourism-timber dependencies and the development of forested rural regions," Forest Policy and Economics, Elsevier, vol. 9(6), pages 653-670, February.
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    Cited by:

    1. repec:tou:journl:v:45:y:2017:p:131-158 is not listed on IDEAS

    More about this item

    Keywords

    Regional Development; Multipliers; Regional Inequalities;

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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