In this paper we employ input – output analysis in order to estimate the size of regional multipliers for the Greek prefectures (NUTS III). Then we attempt to analyse and evaluate the observed differences amongst the multipliers and to uncover likely correlations between the multipliers on the one hand, and selective economic indicators on the other hand. The analysis suggests that the most important indicators are “prosperity level”, “level of development”, “population potential” and “geographic distances”. Drawing from the analysis on regional multipliers we construct a mathematical model that includes variables describing the distribution of the public and private investment targeted at achieving economic convergence. The study concludes by offering some general comments on the results of the preceding analysis.
