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Developing Historical 50-State Indices of Innovation Capacity and Commercialization Capacity

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  • Jeremy L. Hall

    (University of Alabama at Birmingham)

Abstract

Recent attention to innovation as the core of a knowledge-based economy has resulted in an array of studies and reports that seek to measure states' relative ranks as they advance their economic agendas. This study improves on state performance measurement by distinguishing innovation capacity from innovation outcomes by examining change over a 20-year period with consistent measures and by empirically grouping measures into core resource categories using factor analysis. Factor analysis is used to generate new measures of innovation capacity, and the efficacy of these new measures is tested using pooled cross-sectional time-series analysis to examine their effects on state patent generation. The findings indicate moderate to strong impacts of the innovation capacity variables on patent generation; the results provide a new grounded metric for examining state capacity for innovation and state financial capacity for commercialization over time.

Suggested Citation

  • Jeremy L. Hall, 2007. "Developing Historical 50-State Indices of Innovation Capacity and Commercialization Capacity," Economic Development Quarterly, , vol. 21(2), pages 107-123, May.
    • Handle: RePEc:sae:ecdequ:v:21:y:2007:i:2:p:107-123
    DOI: 10.1177/0891242406298128
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    References listed on IDEAS

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    Cited by:

    1. repec:rre:publsh:v:38:y:2008:i:2:p:121-43 is not listed on IDEAS
    2. Jeremy L. Hall, 2009. "Adding Meaning to Measurement," Economic Development Quarterly, , vol. 23(1), pages 3-12, February.
    3. Jeffrey M. Keisler & Christy M. Foran & Maija M. Kuklja & Igor Linkov, 2017. "Undue concentration of research and education: multi-criteria decision approach to assess jurisdiction eligibility for NSF funding," Environment Systems and Decisions, Springer, vol. 37(3), pages 367-378, September.
    4. Schwarzkopf, David L., 2019. "Persistent peers and the rhetoric of state economic competition," Technology in Society, Elsevier, vol. 57(C), pages 46-53.
    5. Jeremy L. Hall, 2010. "The Distribution of Federal Economic Development Grant Funds: A Consideration of Need and the Urban/Rural Divide," Economic Development Quarterly, , vol. 24(4), pages 311-324, November.
    6. David L. Barkley & Rebekka M. Dudensing, 2011. "Industrial Legacy Matters: Implications for the Development and Use of Indices of Regional Competitiveness," Economic Development Quarterly, , vol. 25(2), pages 130-142, May.
    7. Charles D. Taylor, 2012. "Governors as Economic Problem Solvers," Economic Development Quarterly, , vol. 26(3), pages 267-276, August.
    8. Jeremy L. Hall & Christopher E. Bartels, 2014. "Management Practice Variation in Tax Increment Financing Districts," Economic Development Quarterly, , vol. 28(3), pages 270-282, August.
    9. Geiguen Shin & Jeremy L. Hall, 2018. "Exploring the Influence of Federal Welfare Expenditures on State-Level New Economy Development Performance: Drawing From the Diffusion of Innovation Theory," Economic Development Quarterly, , vol. 32(3), pages 242-256, August.

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