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LAUNCHING THE 2019 REGIONAL COMPETITIVENESS INDEX RCI 2019

LAUNCHING THE 2019 REGIONAL COMPETITIVENESS INDEX RCI 2019. European Week of Regions and Cities Brussels, 7 October 2019. The fourth edition of the Index is now available for all EU regions.

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LAUNCHING THE 2019 REGIONAL COMPETITIVENESS INDEX RCI 2019

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  1. LAUNCHING THE 2019REGIONAL COMPETITIVENESS INDEXRCI 2019 European Week of Regions and Cities Brussels, 7 October 2019

  2. The fourth edition of the Index is now available for all EU regions • Measuring the major factors of competitiveness of EU regions at NUTS-2 level over past ten years • Used in past three editions of the Cohesion Report • RCI 2013 was featured in the World Economic Forum Global Competitiveness Report 2013-14 and Eurostat regional yearbook 2014 • Today we launch the 2019 edition

  3. RCI aims at: • Providing a comparable measure of competitiveness for all EU regions • Helping regions to better target their development strategies and to benchmark themselves with their peers or the rest of the EU • Facilitating exchanges between regions by • Summarising information into an index and its components • Visualising the data in an interactive manner • Providing easy access to underlying data

  4. How is the RCI constructed? • RCI is an aggregate statistical measure including 74 basic indicators from official sources, 8 new to this edition, capturing concepts relevant to sustainable development, productivity and well-being • Due to the regional dimension, most of the indicators included in RCI 2019 span the period 2015-2017 • UK still included

  5. How is RCI constructed? Basic indicators are grouped into 11 different components and 3 groups gradually moving from enabling factors of competitiveness to cutting edge ones

  6. How is RCI constructed? The index takes into account the economic development of a region by giving more weight to enabling factors of competitiveness in less-developed regions and to cutting-edge factors in more-developed regions

  7. Our definition ofcompetitiveness "The ability of a region to offer an attractive and sustainable environment for firms and residents to live and work"

  8. Within-country variability and the role of capitals Countries with more than two regions only are displayed in the figure

  9. Topperformers • Most include capitals and world class universities • Good connections • Close to markets

  10. Bottom performers • No capital or large cities • No famous universities • Far from markets • Poor connections Competitiveness levels of outermost regions are only partially captured by RCI due to their specificities and high levels of missing data

  11. Monitoring competitiveness: wide and stable gaps

  12. New, enhanced scorecards

  13. New, enhanced scorecards

  14. Monitoring competitiveness: relevant changes

  15. Monitoring competitiveness: relevant changes

  16. RCI is not GDP but can help it grow The RCI shows so far that: • GDP per head is linked to competitiveness but does not determine it • Regions can do much better or much worse especially for high GDP per capita • On average, higher RCI leads (on average) to more GDP growth and … • … to lower income inequality as well

  17. RCI 2019 confirms this trend

  18. GDP average growth (2010-2017) for different RCI levels

  19. Low competitiveness translates into higher income inequality Stockholm London and its commuting belt Less unequal More unequal

  20. The good recipe for being competitive Performance of 3 of the bottom-10 regions Performance of 3 of the top-10 regions Simultaneous gain in several areas rather than being excellent in just few of them is a key factor

  21. NEW: RCI webpage linked to Open Data platform • From the beginning it has been essential that the data behind the RCI is made open to allow regions and researchers to understand and explore the index and benchmark performance • With RCI 2019, we go a step further: A number of the products of the RCI are made available for the first time on the ESI Fund Open Dataplatform • This will allow users to interact with charts using filters and make time series comparisons with any region of their choice • Open Data charts can be reused by stakeholders on their own websites to make their own analysis or narrative

  22. Conclusions • Four points in time available – allows a measure of competitiveness comparable across all the EU regions • A wide range of new interactive tools to facilitate comparisons, monitoring and benchmarking linked to Open Data platform • Shows that neither GDP nor geography are destiny, with large variations of competitiveness at similar levels of GDP or market access • Helps regions improve their development strategies

  23. More information RCI webpage: http://ec.europa.eu/regional_policy/en/information/maps/regional_competitiveness Open Data platform: https://cohesiondata.ec.europa.eu/(to be updated with the link to the actual RCI data story – pending)

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