International Advances in Economic Research

, Volume 1, Issue 3, pp 304–313 | Cite as

Revealing a region's growth potential through the internal structure of the economy

  • Vangelis M. Tzouvelekas
  • Konstantinos Mattas
Articles

Abstract

Analysts increasingly turn their attention to discover the hidden growth potential within the sectoral structure of a regional economy and to identify the most appropriate scientific tools for investigating sectoral development priorities. Advances in handling huge data electronically allow regional policy makers to garner a whole array of benefits spawning from an input-output analysis, as long as the use of fast-building input-output techniques will be sufficiently enlightened. In this paper, two of the most extensively used non-survey techniques, the Generation of Regional Input-Output Tables and Supply-Demand Pool Analysis, are applied to derive alternative regional impact indicators for the Mediterranean island of Crete. A comparison among several computed impact indicators demonstrates that substantial differences exist among them, although there is no evidence that the followed non-survey technique could lead to contradicted results. Also, results reveal that sequence and combination of the expansion of the sectors largely determine the region's growth pace.

Keywords

Growth Potential Regional Policy Regional Impact Sectoral Structure Sectoral Development 

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Copyright information

© Atlantic Economic Society 1995

Authors and Affiliations

  • Vangelis M. Tzouvelekas
    • 1
  • Konstantinos Mattas
    • 2
  1. 1.University of WalesAberystwythU.K.
  2. 2.Aristotle University of ThessalonikiGreece

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