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Distinguish regional performance with the use of shift-share analysis and MCDA methods: a gross value added perspective


  • Georgios Xanthos

    (Hellenic Mediterranean University)

  • Constantin Zopounidis

    (Technical University of Crete
    Audencia Business School)

  • Alexandros Garefalakis

    (Hellenic Mediterranean University)

  • Christos Lemonakis

    (Hellenic Mediterranean University)

  • Ioannis Passas

    (Hellenic Mediterranean University)


This study aims to take into account regional gross value added, to assess the performance of this macroeconomic component for all thirteen Regions of Greece. We apply two different methods for the period between 2010 and 2016, (1) the PROMETHEE II Multi-criteria method and (2) Shift and Share Analysis (SHA). In a nutshell, in nine out of thirteen Regions of Greece, the Promethee II method ranks the regions of Greece in a wholly identical or relatively similar manner to the SHA method, indicating that there is a robust framework considering the joint review for both proposed methods regarding regional performance.

Suggested Citation

  • Georgios Xanthos & Constantin Zopounidis & Alexandros Garefalakis & Christos Lemonakis & Ioannis Passas, 2022. "Distinguish regional performance with the use of shift-share analysis and MCDA methods: a gross value added perspective," Operational Research, Springer, vol. 22(2), pages 1363-1376, April.
  • Handle: RePEc:spr:operea:v:22:y:2022:i:2:d:10.1007_s12351-020-00582-6
    DOI: 10.1007/s12351-020-00582-6

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    References listed on IDEAS

    1. Esteban-Marquillas, J. M., 1972. "I. A reinterpretation of shift-share analysis," Regional and Urban Economics, Elsevier, vol. 2(3), pages 249-255, October.
    2. Goletsis, Y. & Chletsos, M., 2011. "Measurement of development and regional disparities in Greek periphery: A multivariate approach," Socio-Economic Planning Sciences, Elsevier, vol. 45(4), pages 174-183, December.
    3. Edgar S. Dunn, 1960. "A Statistical And Analytical Technique For Regional Analysis," Papers in Regional Science, Wiley Blackwell, vol. 6(1), pages 97-112, January.
    4. Dogru, Tarik & Sirakaya-Turk, Ercan, 2017. "Engines of tourism's growth: An examination of efficacy of shift-share regression analysis in South Carolina," Tourism Management, Elsevier, vol. 58(C), pages 205-214.
    5. Moore, Barry & Rhodes, John, 1973. "Evaluating the Effects of British Regional Economic Policy," Economic Journal, Royal Economic Society, vol. 83(329), pages 87-110, March.
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