Position and development potential of north-eastern Baltic Sea regions
Zitek, V., Masaryk University, Brno (Czech Republic). Dept. of Regional Economics and Administration | Klimova, V., Masaryk University, Brno (Czech Republic). Dept. of Regional Economics and Administration
The article aims to compare the economic performance of north-eastern Baltic Sea regions with all 271 regions on the NUTS2 level in member states of the EU-27. The study is focused on Swedish, Finnish, Estonian, Lithuanian and Latvian regions. The evaluation is based on the synthesis of selected indicators. The article focuses on evaluating the present position of the regions in relation to the dynamics of their development. On this basis, it is possible to divide the regions in accordance with their economic development as well as their development trends into four categories: developed regions with a positive developmental trend, developed regions with a negative developmental trend, underdeveloped regions with a positive developmental trend and underdeveloped regions with a negative developmental trend. Consequently, the linking of the evaluation based on the synthesis of the above mentioned indicators with the values of regional GDP per capita has been carried out. As regards the evaluation of the relationship between the economic level of regions and the composite indicator, the calculations proved their close connection.
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