Measurement of development and regional disparities in Greek periphery: A multivariate approach

Yorgos Goletsis and Michael Chletsos

Socio-Economic Planning Sciences, 2011, vol. 45, issue 4, 174-183

Abstract: The identification of regional disparities and regional growth patterns is an important factor affecting policy formulation. Single indicator, usually GDP-based, approaches have revealed significant shortcomings. In this work we provide a methodology and the respective tools to analyse regional disparities and development patterns. Aiming at capturing the different aspects of development and quality of life our approach is multi-dimensional: we, first, develop a composite index; we, then, apply multivariate clustering for identifying regions with similar socio-economic profiles. The methodology is applied to examine Greek regions. The results do not provide strong evidence for convergence of Greek regions during the period 1995â2007.

Keywords: Regional; development; Convergence; Clustering; Factor; analysis; Composite; index (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:45:y:2011:i:4:p:174-183

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