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A Multifactorial Statistical Model for Development Regions Hierarchy in Romania

Tiberiu Avramescu ()

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 2, 39-46

Abstract: Hierarchy of administrative units using an index of development is particularly important in measuring of economic disparities between the Romanian regions. Knowing regional dispartities, we can determine accurately regional development policy priorities and provide supports for regional development strategies achievement. To achieve this hierarchy, we used a set of six indicators relevant to express the development level of a region and we realized the hierarchy using two methods: ranks method and relative distances method.

Keywords: regional development; regional disparities; regional policy; development index (search for similar items in EconPapers)
JEL-codes: C43 R11 R12 (search for similar items in EconPapers)
Date: 2012
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Handle: RePEc:pet:annals:v:12:y:2012:i:2:p:39-46