A DEA approach to regional development

Abstract

Our research is based on the effect of fiscal policies on the Greek prefectures. Using DEA methodology we compare the efficiency of the prefectures over the last three decades. Moreover, we determine where the resources are distributed in an efficient way and /or have been used efficiently by the local authorities in order to stimulate regional development and provide quality of life to the Greek citizens. The efficient prefectures seem to have definite and strong characteristics, which are determined and discussed in detail. Our empirical results imply that the resources of a prefecture don’t necessarily ensure the efficiency of this prefecture.Data Envelopment Analysis; Regional Development; Living Standards; Greek Prefectures