Urban Development, Significant Factor in The Economic Development of The Regions

Abstract

Global economic development has always been accompanied by a complex process of urbanization and an important role has been played by the development of effective strategies at the level of these communities. The purpose of this analysis is to determine the manner and extent to which the economic growth of the regions of the country, has been influenced by certain financial, social, population-setting factors, of public utilities and the administration of the territory, specific to the urban environment, with the help of econometric analysis on panel data and by comparative analysis applied on two data sets from 2000-2019, for the eight regions of the country. The results of the final analysis, obtained using the REMrobust model, showed the significant influence of nine factors, from twelve indicators investigated, on the result indicator-PIBregional. These analyses are the levers through which decision-makers can capitalize on financing opportunities, through viable regional development projects.

Keywords

• development plans
• economic growth
• regions