EU COMPETITIVENESS & ECONOMIC SHOCKS: COMPOSITE WEIGHTED INDEX OF REGIONAL RESILIENCE

  • Michaela Staníčková VŠB-Technical University of Ostrava
  • Lukáš Melecký VŠB-Technical University of Ostrava
Keywords: cluster analysis, crisis, economic shock, entropy method, European Union, factor analysis, indicators, nuts 2 region, weighting scheme

Abstract

Since 2008, the world has faced the economic crisis that has had devastating effects on many regions to various degrees. How regions respond to economic shock depends on regional economic structure and performance, administrative capacity, resources, human capital, social capital, and other factors, were perceived as resilience. Resilience has recently risen to prominence in several disciplines, has also entered policy discourse, and is one of the future strategic goals for the European Union. The aim of the paper is to introduce a methodology for assessing the resilience of EU28 NUTS 2 regions based on a construction of composite weighted index derived from EU Regional Competitiveness Index database of indicators using Factor analysis and their classification by Cluster analysis. Construction of composite indicators includes several steps that have to be made and corresponding methods have to be chosen to handle different aspects of economic issues including features of EU resilience.

Author Biographies

Michaela Staníčková, VŠB-Technical University of Ostrava

Assistant Professor of economic science (since 2014) at the VŠB-Technical University of Ostrava, Faculty of Economics, and Department of European Integration in the Czech Republic. Her scientific interests are the EU competitiveness (in line with efficiency and effectiveness of public spending and the EU resilience to economic shocks), and implementation of the EU structural aid through projects co-financed by the EU funds. She is (or was) member of several international or national research projects. Since 2010, she published seven papers in scientific books, 18 articles in professional journals, many papers in conference proceedings, of which 26 records registered in the Thomson Reuters database and 10 records in Scopus database.

Lukáš Melecký, VŠB-Technical University of Ostrava

Assistant Professor of economic science (since 2004) at the VŠB-Technical University of Ostrava, Faculty of Economics, and Department of European Integration in the Czech Republic; and head of Department of European Integration (since 2016). His scientific interests are aspects of regional disparities, cohesion and competitiveness of EU Member States and regions, implementation of the EU Cohesion policy and programming of EU structural aid in the regional development of the Czech Republic through preparation of projects proposals co-financed by the European funds. He is (or was) member of several international or national research, pedagogical and development projects. He is co-author of one monograph, he published seven papers in scientific books, 21 articles in professional journals, many papers in conference proceedings, of which 24 records registered in the Thomson Reuters database and 4 records in Scopus database.

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Published
2018-02-01
How to Cite
Staníčková, M., & Melecký, L. (2018). EU COMPETITIVENESS & ECONOMIC SHOCKS: COMPOSITE WEIGHTED INDEX OF REGIONAL RESILIENCE. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (1(8), 20-28. https://doi.org/10.35678/2539-5645.1(8).2018.20-28