Assessing the effectiveness of regional development policies in Northern Greece using data envelopment analysis

Abstract This paper uses Data Envelopment Analysis (DEA) to assess the comparative effectiveness of public investment in infrastructure and investment incentives to attract private investment in regions of Northern Greece. Investment incentives account for a large proportion of public expenditure in Greece, where one of their declared aims is to make economic development more uniform across the various regions of the country. DEA makes it possible to identify regions where the incentives and infrastructure expenditure attract successfully private investment so that the factors of this success may be analysed in order to improve the Greek government's regional development policy.

[1]  M. Beesley,et al.  Cost-benefit analysis in administration , 1972 .

[2]  P. Townroe.  Industrial location decisions : a study in management behaviour , 1971 .

[3]  Abraham Charnes,et al.  Using data envelopment analysis to evaluate efficiency in the economic performance of Chinese cities , 1989 .

[4]  Emmanuel Thanassoulis,et al.  Applied data envelopment analysis , 1991 .

[5]  R. Banker.  Estimating most productive scale size using data envelopment analysis , 1984 .

[6]  Emmanuel Thanassoulis,et al.  Separating Market Efficiency from Profitability and its Implications for Planning , 1995 .

[7]  Abraham Charnes,et al.  A developmental study of data envelopment analysis in measuring the efficiency of maintenance units in the U.S. air forces , 1984, Ann. Oper. Res..

[8]  Kaoru Tone,et al.  Data Envelopment Analysis , 1996 .

[9]  Rajiv D. Banker,et al.  Estimation of returns to scale using data envelopment analysis , 1992 .

[10]  A. Charnes,et al.  Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis , 1984 .

[11]  Emmanuel Thanassoulis,et al.  Relative Efficiency Assessments Using Data Envelopment Analysis: An Application to Data on Rates Departments , 1987 .

[12]  Russell G. Thompson,et al.  The role of multiplier bounds in efficiency analysis with application to Kansas farming , 1990 .

[13]  Emmanuel Thanassoulis,et al.  Weights restrictions and value judgements in Data Envelopment Analysis: Evolution, development and future directions , 1997, Ann. Oper. Res..

[14]  Rajiv D. Banker,et al.  The Use of Categorical Variables in Data Envelopment Analysis , 1986 .

[15]  E. Quah,et al.  Cost-Benefit Analysis , 1972 .

[16]  Emmanuel Thanassoulis,et al.  Exploring output quality targets in the provision of perinatal care in England using data envelopment analysis , 1995 .

[17]  Abraham Charnes,et al.  Measuring the efficiency of decision making units , 1978 .

[18]  M. Farrell.  The Measurement of Productive Efficiency , 1957 .

[19]  Yaakov Roll,et al.  A data envelopment approach to measuring efficiency: Case analysis of highway maintenance patrols , 1991 .

[20]  A. Lewin,et al.  Measuring the relative efficiency and output potential of public sector organizations: An application of data envelopment analysis , 1981 .

[21]  P. Townroe.  Industrial movement : experience in the US and the UK , 1979 .

[22]  Peter C Smith,et al.  Measuring efficiency in the public sector , 1987 .