Regional inequalities and spatial economic interdependence: Learning from the greek prefectures

Abstract

Interregional trade constitutes a major factor of creating spatial economic interdependence. Both within and outside the national borders, spatial economic interdependence can be extremely strong. The interregional trade flows can influence decisively the economic development of each region. They can also formulate the size of the regional multipliers. In this article, the characteristics of spatial economic interdependence among the 51 Greek administrative prefectures are analyzed and evaluated by using the estimations of the regional multipliers. In particular, an interpretation of the interregional inequalities by connecting the interregional multipliers is attempted with certain economic as well as other characteristics of the prefectures of the country. © 2009 WIT Press.