Title: Measuring the effect of financial incentives on a region's development: a statistical process control approach

Authors: Katerina Dimaki, Vasilis Angelis, Stelios Psarakis, Ilias Virras, Vasilis A. Angelis

Addresses: Department of Statistics, Athens University of Economics and Business, 76, Patission str., Athens 104 34, Greece. ' Quantitative Methods Laboratory Department of Business Administration University of the Aegean 8 Michalon str. Chios 82100 ' 76, patission str, Athens, Greece. ' 76, patission str, Athens, Greece. ' Quantitative Methods Laboratory, Department of Business Administration, University of the Aegean, 8 Michalon str., Chios 82100, Greece

Abstract: The state of a region|s development may be expressed through its |Image|, an index describing the region|s socioeconomic conditions. In this context a region may be seen as a |production unit| and its Image as the outcome of its development process. To improve the conditions of its less developed regions, the State takes measures which may be seen as disorder factors for their development process. Hence, statistical process control techniques may be used in studying regional development issues. In this paper the concept of an area|s Image and a number of SPC techniques are presented and applied to the case of Greece.

Keywords: regional development; regional image; financial incentives; statistical process control; SPC; control charts; socioeconomics; Greece.

DOI: 10.1504/IJASS.2011.042223

International Journal of Applied Systemic Studies, 2011 Vol.4 No.1/2, pp.37 - 64

Published online: 31 Aug 2011 *

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