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Regional Comparative Evaluation: Synthetic Regional Development Index (RDI) for Peru

Author

Listed:
  • Margaret Coaquira

    (Faculty of Economic Engineering, National University of Altiplano, Puno, Peru)

  • Juan Tudela

    (Faculty of Economic Engineering, National University of Altiplano, Puno, Peru)

  • Miguel Jiménez

    (Faculty of Industrial Engineering, Academic Department of Operations Research, National University of Piura, Piura, Peru)

Abstract
The research’s aim was to comparatively evaluate regional development in Peru in the period 2015-2019, through the multidimensional elaboration of a Regional Development Index (RDI) that involves the four interdependent components of sustainable development (economic, social, environmental and institutional). For this, it has been rigorously followed the Principal Component Analysis (PCA), the Jenks Natural Breaks method, the sigma convergence and the Cronbach’s Alpha coefficient. The results show that certain regions (Callao, Ica, Moquegua, Lima) triple the development of others (Cajamarca, Huancavelica, Puno, Loreto), despite the fact that the latter have large sources of development; one reason is due to the low progress in the institutional dimension. In hierarchical order, the dimensions with the greatest contribution to the RDI (degree of association of the dimensions with respect to the RDI) are social (95.20%), environmental (95.98%), economic (84.78%) and institutional (49.42%). In addition, the results show the existence of a regional sigma convergence, which indicates that regional disparities decreased in the 2015-2019 period. Likewise, Cronbach’s Alpha Coefficient (0.90) reports the existence of internal reliability in the methodology used. Finally, the design of a web platform prototype that iteratively shows Peru regional development is included, using intelligent algorithms, big data, web scraping and geospatial information.

Suggested Citation

  • Margaret Coaquira & Juan Tudela & Miguel Jiménez, 2022. "Regional Comparative Evaluation: Synthetic Regional Development Index (RDI) for Peru," Economic Research Guardian, Mutascu Publishing, vol. 12(2), pages 72-96, December.
    • Handle: RePEc:wei:journl:v:12:y:2022:i:2:p:72-96
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    File URL: https://www.ecrg.ro/files/p2022.12(2)4y1.pdf
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    References listed on IDEAS

    as
    1. Barro, Robert J & Sala-i-Martin, Xavier, 1997. "Technological Diffusion, Convergence, and Growth," Journal of Economic Growth, Springer, vol. 2(1), pages 1-26, March.
    2. Lee Cronbach, 1951. "Coefficient alpha and the internal structure of tests," Psychometrika, Springer;The Psychometric Society, vol. 16(3), pages 297-334, September.
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    Cited by:

    1. Jianing Xu & Weidong Li, 2022. "The Impact of the Digital Economy on Innovation: New Evidence from Panel Threshold Model," Sustainability, MDPI, vol. 14(22), pages 1-19, November.

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    More about this item

    Keywords

    Dimensions; Economic Development; Gaps; Regions; Sustainable Development;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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