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A Region's Location as One of the Key Factors that Affect Its Development

In: Regional Analysis and Policy

Author

Listed:
  • Vasilis A. Angelis

    (University of the Aegean)

  • Eleni Gaki

    (University of the Aegean)

Abstract

A region's sustainable development depends on its power to attract industrial units. Industrial mobility, however, is largely a voluntary process. Hence, a region's growth or decline depends on its ability to ‘attract’ and ‘retain’ industries, as well as the right blend of people to run them. This power of attraction depends on a variable which we may call the ‘Image of a region’. At every moment, a region ‘communicates/conveys’ its ‘Image’ and, depending on its impact on the people (both employers and employees), the region may be considered attractive or repulsive. The image of a region may be defined as a function of a multitude of factors – physical, economic and social. One of those factors, on which we place emphasis in the present work, is the region’s proximity to influence centres (markets, resources and decision centres). This proximity may be expressed through a variable, which is referred to as the region’s Location Multiplier. The main objectives of this chapter are to: define and quantify a region’s Image and Location Multiplier estimate the values of these two variables for the period 1971-2001 determine the relationship between a region’s location and its development

Suggested Citation

  • Vasilis A. Angelis & Eleni Gaki, 2008. "A Region's Location as One of the Key Factors that Affect Its Development," Contributions to Economics, in: Harry Coccossis & Yannis Psycharis (ed.), Regional Analysis and Policy, pages 179-190, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-2086-7_9
    DOI: 10.1007/978-3-7908-2086-7_9
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