DETUROPE - The Central European Journal of Regional Development and Tourism 2018, 10(2):17-37 | DOI: 10.32725/det.2018.011

Regional Development and its Measurement in Visegrad Group Countries

Ingrid Majerová
Silesian University in Opava, School of Business Administration in Karvina Univerzitni nam. 1934/3, 73340 Karvina, Czech Republic

Keywords: Min-Max method, NUTS 2, Regional Development Index, Visegrad Group countries

The aim of the paper is to measure regional development and construct an index for the Visegrad Group countries at NUTS 2 level. This index, called the Regional Development Index - the RDI - is created as an extension of the Human Development Index in order to obtain a better composed index at regional level. Twelve socio-economic indicators are selected for this purpose: three economic indicators, three educational indicators, three health variables and three indicators of the standard of living which create four dimensions. These variables are tested for their reliability through the pairwise correlation and the min-max method is used for the construction of the index. The data are compared between 2008 and 2013 and the assumption about worsening the situation in regions after the crisis is set. The results show that the values of the RDI improved in nearly all regions (with the exception of Prague in the Czech Republic and Közép-Magyarország in Hungary) in the monitored years. The assumption that regional development was negatively influenced by economic crisis has not been confirmed.

Published: July 31, 2018  Show citation

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Majerová, I. (2018). Regional Development and its Measurement in Visegrad Group Countries. DETUROPE - The Central European Journal of Regional Development and Tourism, 10(2), 17-37. doi: 10.32725/det.2018.011
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