Position and development potential of north-eastern Baltic Sea regions

Vladimír Žítek and Viktorie Klímová
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Vladimír Žítek: Department of Regional Economics and Administration, Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic
Viktorie Klímová: Department of Regional Economics and Administration, Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, vol. 61, issue 4, 1203-1211

Abstract: The article aims to compare the economic performance of north-eastern Baltic Sea regions with all 271 regions on the NUTS2 level in member states of the EU-27. The study is focused on Swedish, Finnish, Estonian, Lithuanian and Latvian regions. The evaluation is based on the synthesis of selected indicators. The article focuses on evaluating the present position of the regions in relation to the dynamics of their development. On this basis, it is possible to divide the regions in accordance with their economic development as well as their development trends into four categories: developed regions with a positive developmental trend, developed regions with a negative developmental trend, underdeveloped regions with a positive developmental trend and underdeveloped regions with a negative developmental trend. Consequently, the linking of the evaluation based on the synthesis of the above mentioned indicators with the values of regional GDP per capita has been carried out. As regards the evaluation of the relationship between the economic level of regions and the composite indicator, the calculations proved their close connection.

Keywords: economic level; regional development; disparities; evaluation; composite indicator; NUTS 2 regions (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2013061041203

DOI: 10.11118/actaun201361041203

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