EFICIENCY ANALYSIS OF THE ISTRIAN COUNTY REGIONAL

Every macroeconomic analysis considering the level and structure of development is based on specific theoretical background and associated methodological framework. The importance of land and space in today’s economic policy demands new regional research. Regional issues are nowadays regarded as the questions of vital importance with many different approaches that cannot be generalised. Regional approaches usually reflect current problems and constraints within economy but also different contributions of particular theoreticians. The author used the OLS model in the paper to investigate the multidimensional nature of regional policy on the example of the Istrian county. Using the OLS model, the correlation between gross domestic product and influential variables for the Istrian county has been investigated. The model is limited because of the available data, so the variable selection is needed. The model presented in the paper can serve as an analytic framework for the regional policy optimisation and structural changes measurement