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Principal components of the smart development of Poland

The STRATEG system created by Statistics Poland for monitoring cohesion policy, contains more than 300 indicators for measuring smart development. Due to a large number of variables, it seems appropriate to examine the possibility of constructing synthetic indicators that best represent the primary variables. The aim of this study, which was conducted on the basis of data for 2015 from the STRATEG and BDL databases, is to identify, owing to the use of factor analysis, the main components of smart development in Poland, informing about the most important areas characterised by the indicators of smart development.
As a result 7 main components were obtained, which together account for more than 94% of variance from the original set of indicators and for which a substantive interpretation was proposed.

