A Three-Way Approach for Defining Competitiveness Indexes of the European Regions (NUTS-2)

Laura Bocci (), Pierpaolo D’Urso (), Donatella Vicari () and Vincenzina Vitale ()
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Laura Bocci: Sapienza Università di Roma
Pierpaolo D’Urso: Sapienza Università di Roma
Donatella Vicari: Sapienza Università di Roma
Vincenzina Vitale: Sapienza Università di Roma

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2024, vol. 173, issue 1, No 13, 305-349

Abstract: Abstract In the analysis of the competitiveness of the European regions a three-way approach is used to define indexes which prove to be a valid alternative and integration to the Regional Competitiveness Index (RCI). The STATIS method, which is a generalization of the Principal Component Analysis for three-way data, is applied to take into account the data structure in three macro-pillars (Basic, Efficiency, Innovation) which represent different facets of the competitiveness. STATIS searches for a common “compromise" of the macro-pillars by explicitly taking into account the similarity structure between both European regions and competitiveness indicators. The projection of the NUTS-2 European regions in a low-dimensional space spanned by the compromise allows to analyse similarities as well as disparities at regional level and provide useful and easy-to-read map to visualise both the regions and the indicators. The results largely reflect the 2019 edition of the RCI and its sub-indexes provided by Eurostat with the great advantage of not using an exogenous weighting system necessary in defining the RCI.

Keywords: STATIS method; Three-way data; Compromise space; Regional competitiveness index; NUTS-2 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s11205-021-02839-9

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