Regional Inequalities in Greece

George Petrakos () and Panagiotis Artelaris ()
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George Petrakos: University of Thessaly
Panagiotis Artelaris: University of Thessaly

A chapter in Regional Analysis and Policy, 2008, pp 121-139 from Springer

Abstract: Abstract The aim of this chapter is to study the regional inequalities among 51 Greek (NUTS III) regions during the period 1981-2004. The vast majority of studies that have examined this issue use GDP per capita as an indicator of regional welfare. However, an exclusive focus on this index is not very informative and could give a misleading picture of regional inequalities. As a result, an alternative Composite Indicator of Development and Prosperity (CIDP) has been developed in order for many dimensions of regional quality of life and well-being to be included. Two main conclusions can be drawn by the empirical analysis. Firstly, the level of regional inequalities of the composite indicator is always higher than the corresponding one of the GDP per capita. Secondly, strong evidence is presented that there is not a regional catching up process in motion for both indicators.

Keywords: Regional inequalities; Composite Indicator of Development and Prosperity (CIDP); β-convergence (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2086-7_6

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DOI: 10.1007/978-3-7908-2086-7_6

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