Regional development and living standards of the Greek prefectures: A DEA approach, Annals of Regional Science45(3): 603-632 (2010)

Regional development and living standards of the Greek prefectures: A DEA approach, Annals of Regional Science  45(3): 603-632. (SCOPUS, EconLit, ISI Listed. Impact factor: 0.651 and 5-year: 1.158). In common with N. Tzeremes (2010).

This paper, using Data Envelopment Analysis (DEA), measures for the first time the economic growth policies of the Greek prefectures. Based on the neoclassical model of growth it uses private and public investments and labour force as inputs and GDP per capita as output for the time period of 2003–2006. The results indicate that there are significant regional policies inefficiencies among the Greek prefectures. Additionally, growth inefficiencies within the 13 administrative regions are reported. Finally, the analysis provides benchmarks for policy evaluation and suggestions for region-based approaches to growth problems.