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Ranking Of Croatian Cities According To Hellwig'S Information Capacity Method In The Smart Economy Dimension

Author

Listed:
  • Ana Babic

    (University of Rijeka, Faculty of Business and Economics)

  • Jelena Jardas Antonic

    (University of Rijeka, Faculty of Business and Economics)

  • Barbara Buljat

    (University of Rijeka, Faculty of Economics and Business)

Abstract

The main objective of this research is to determine whether the size of the city by population is a prerequisite for better economic development and ranking of Croatian cities based on the weighted average z-score of smart economy indicators related to entrepreneurial potential, tourism, information comunication technology [ICT] and research and development [R&D] sector. The sample for this research consists of 127 Croatian cities and ten smart economy indicators. The Hellwig's information capacity method uses only statistically significant indicators, on the basis of which the weights are determined when creating the Smart Economy Indeks. The results of the analyses suggest that the number of positively ranked cities decreases as the city population size decreases: 100 % large cities are positively rated, 48 % medium cities and 6 % small cities.

Suggested Citation

  • Ana Babic & Jelena Jardas Antonic & Barbara Buljat, 2022. "Ranking Of Croatian Cities According To Hellwig'S Information Capacity Method In The Smart Economy Dimension," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 31(2), pages 347-368, december.
    • Handle: RePEc:avo:emipdu:v:31:y:2022:i:2:p:347-368
    DOI: 10.17818/EMIP/2022/2.1
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    References listed on IDEAS

    as
    1. Iryna Kalenyuk & Liudmyla Tsymbal & Iryna Uninets, 2021. "Intelligent Drivers Of Smart Economy In The Global Ecosystem," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(2).
    2. Frederik Booysen, 2002. "An Overview and Evaluation of Composite Indices of Development," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 59(2), pages 115-151, August.
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    More about this item

    Keywords

    Smart Economy Index; Hellwig's information capacity method; ranking; Croatian cities;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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