An Analysis of the Level of Internationalisation and Socio-economic Development of Poland by Region – The Simulation-based Approach Cover Image

Analiza stopnia umiędzynarodowienia gospodarki i rozwoju społeczno-gospodarczego polskich województw – podejście symulacyjne
An Analysis of the Level of Internationalisation and Socio-economic Development of Poland by Region – The Simulation-based Approach

Author(s): Kamil Fijorek, Patrycja Brańka
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: internationalisation; region; regional development; regional development index

Summary/Abstract: The article assesses the level of economic internationalisation and the socio-economic development of Poland’s regions and determines the correlations between the two phenomena. The analysis is based on several indices divided into ten components characterising the processes of internationalisation and socio-economic development. Instead of the standard procedure for verifying the preliminary list of indices (mostly based on correlation indices), a simulation has been used – 10,000 sets of random chosen indices to calculate the composite indices for each component. The final composite measures have been calculated as the mean of those 10,000 composite indices. This procedure allowed the authors to identify the differences in final results of analysis emerging from different sets of indices taken to assess the composite measures.

  • Issue Year: 878/2012
  • Issue No: 02
  • Page Range: 21-38
  • Page Count: 18
  • Language: Polish