Georgios Xanthos, Constantin Zopounidis, Alexandros Garefalakis,Christos Lemonakis, Ioannis Passas
Purpose: This study aims to take into account regional gross value added, to assess the performance of this macroeconomic component for all thirteen Regions of Greece.
Design/methodology/approach: We apply two different methods for the period between 2010 and 2016, (i) the PROMETHEE II Multi-criteria method (MCDM) and (ii) Shift and Share Analysis (SHA).
Findings: In a nutshell, in 9 out of 13 Regions of Greece, the Promethee II method classifies the regions of Greece in a wholly identical or relatively similar manner to the SHA method, indicating that there is a robust framework considering the joint review for both proposed methods regarding regional performance.
Keywords: Shift and Share Analysis; PROMETHEE II; Regional Development; Regional efficiency; Gross Value Added.