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A new measure of regional competitiveness

Author

Listed:
  • José Carlos Sánchez de la Vega
  • José Daniel Buendía Azorín
  • Antonio Calvo-Flores Segura
  • Miguel Esteban Yago

Abstract

Purpose - The purpose of this paper is to provide a measure of competitiveness of the Spanish autonomous communities from a multidimensional and dynamic perspective for the period 2008-2016. Design/methodology/approach - This paper adopts a broad definition of competitiveness based on five key environments (productive capital, human capital, social and institutional capital, infrastructure and knowledge) and comprising 53 indicators. The method used to construct the competitiveness index is based on the P-distance proposed by Pena Trapero (1979), which objectively assigns weights to the indicators. There is an important advantage in the methodological proposal of this study, as it allows analyzing the behavior of partial and aggregated indicators from a dynamic perspective, taking the same value as a reference for the entire period. Therefore, not only a classification obtained for each year but also the variation that occurs in terms of the reference period can be analyzed. Findings - The classification of the autonomous communities is established using common intervals based on the results obtained for the whole period, i.e. 2008-2016. The data point to the unequal situations of the autonomous communities. The results also reveal that the evolution of the regional competitiveness synthetic index is clearly cyclical and the drop recorded in the recessive period is less pronounced than the increase recorded in the growth phase. Originality/value - The main innovation of the competitiveness index presented here lies in its allowing comparisons over time.

Suggested Citation

  • José Carlos Sánchez de la Vega & José Daniel Buendía Azorín & Antonio Calvo-Flores Segura & Miguel Esteban Yago, 2019. "A new measure of regional competitiveness," Applied Economic Analysis, Emerald Group Publishing Limited, vol. 27(80), pages 108-126, September.
  • Handle: RePEc:eme:aeapps:aea-07-2019-0010
    DOI: 10.1108/AEA-07-2019-0010
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    Citations

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    Cited by:

    1. Katarzyna Lukiewska & Agnieszka Brelik, 2021. "A Model for Measuring the International Competitiveness of Furniture Industry in the European Union Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 334-350.
    2. Małgorzata Dziembała, 2021. "The Enhancement of Sustainable Competitiveness of the CEE Regions at the Time of the COVID-19 Pandemic Instability," Sustainability, MDPI, vol. 13(23), pages 1-17, November.
    3. Filippo Ferrarini & Silvia Muzzioli & Bernard De Baets, 2021. "A TOPSIS analysis of regional competitiveness at European level," Department of Economics 0189, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    4. Agnieszka Karman & Andrzej Miszczuk & Urszula Bronisz, 2021. "Regional Climate Change Competitiveness—Modelling Approach," Energies, MDPI, vol. 14(12), pages 1-17, June.

    More about this item

    Keywords

    Regional competitiveness; Macroeconomics; Dynamic system; B22; C43; R50;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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