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A development index for the Greek regions.

Panagiotis Artelaris1

  • 1Department of Geography, Harokopio University, Athens, Greece.

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Summary

This study analyzes regional economic development in Greece using composite indicators, revealing significant spatial heterogeneity. Findings highlight the need for nuanced regional policies to address persistent inequalities.

Keywords:
Benefit of doubt (BoD)Composite indicatorsHuman developmentRegional rankingsSpatial heterogeneityWell-being

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Area of Science:

  • Economics
  • Regional Science
  • Development Studies

Background:

  • Development is a complex, multidimensional concept challenging single-index measurement.
  • Composite Indicators (CIs) are increasingly used to measure complex phenomena like development.
  • Greece faces persistent regional inequalities, making regional development analysis crucial for EU cohesion policy.

Purpose of the Study:

  • To assess and reveal developmental transformations in Greek regional economies (NUTS 2 and 3 levels) from 1991-2011.
  • To provide a comprehensive perspective on regional development in Greece, a country with significant regional disparities.
  • To explore the impact of spatial heterogeneity on the construction of Composite Indicators.

Main Methods:

  • Utilized Composite Indicators to measure multidimensional development.
  • Analyzed regional economic data at NUTS 2 and 3 levels for Greece.
  • Examined developmental changes over the period 1991-2011.

Main Results:

  • Revealed a heterogeneous regional pattern of development across Greece.
  • Demonstrated significant variations in developmental trajectories among Greek regions.
  • Highlighted the importance of spatial considerations in CI construction.

Conclusions:

  • Regional development in Greece is characterized by significant spatial inequalities.
  • Composite Indicators are valuable tools for understanding complex regional development patterns.
  • Findings offer empirical evidence for policymakers to improve regional development strategies in Greece.