Regional Development of Central European Countries in the Pre-COVID Period

Ingrid Majerová and Ainur Abdrazakova
Additional contact information
Ainur Abdrazakova: Academy of Public Administration under the President of the Republic of Kazakhstan

A chapter in Eurasian Business and Economics Perspectives, 2023, pp 359-376 from Springer

Abstract: Abstract Reducing regional disparities within the European Union is one of the main objectives of EU cohesion policy. One way to monitor the failure/success of the above policy is to compare certain indicators assessing the level of human development. For this purpose, the aim of the paper was to create a composite index at the regional level (IRD—Index of Regional Development) in some Central European countries (Czech Republic, Hungary, and Slovakia) in the years between two crises: the global crisis and the crisis caused by the COVID-19. This index was created from 12 socioeconomic indicators: three economic indicators, three indicators of education, three indicators of health, and three indicators of the living standard. Afterward, the min-max method was used to construct the above index of regional development. The same variable weights were used to calculate this Index. In order to eliminate their double counting, the Pearson correlation coefficient was used. The created indexes were compared in years 2010 and 2019. Based on the principles of cohesion policy, assumptions about reducing regional disparities were ascertained and confirmed in the monitored economies.

Keywords: Central European countries; Human development; Index of regional development; Min-max method; NUTS 2; Pairwise correlation (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-30061-5_22

Ordering information: This item can be ordered from
http://www.springer.com/9783031300615

DOI: 10.1007/978-3-031-30061-5_22

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().