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Wellbeing, Productivity and Competitiveness at a Regional level: the role of Institutions

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Αθανάσιος Χύμης
Αθανάσιος Χύμης


The article, at a fi rst step, shows the evolution of wellbeing, as it is measured by the Gross Domestic Product - GDP (corrected by the purchasing power parity), as well as competitiveness as it is measured by the Regional Competitiveness Index - RDI which the European Commission publishes every three years since 2010. At a second step, using data from the annual Global Competitiveness Reports of the World Economic Forum the article illustrates the relation between competitiveness and wellbeing and points out the factors that affect competitiveness focusing on institutions. Institutions are the most prominent pillar of competitiveness and they directly affect economic growth and development at both regional and national level.


Productivity; Competitiveness; Regional competitiveness; Institutions


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