The Evolution of Personal Incomes across Greece: 2001-08

The volume studies the personal income mosaic of Greece at the local community level, from the time the country joined the European Union`s Economic and Monetary Union to the advent of the international financial and economic crisis, and in the process tries to treat the common, yet often overlooked, regression misspecification problem by resorting to the use of fresh spatial arguments. It finds that if the conventional sub-national organization of the data is not imposed it may not emerge at all; and also identifies (a) territorial formations in which the underlying conditions reveal a disposition to perform better than expected, as well as (b) zones which seem to be in chronic need of development policies on account of seemingly unexplained elements. This opens up a potentially useful trail in the formulation of better-targeted policy interventions, and economic development policy planning at large. Prόdromos Prodromίdis is senior research fellow at Greece`s Centre for Planning and Economic Research, and serves as adjunct faculty at the Athens University of Economics and Business.