IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Regional Economic Development Indicators for a Knowledge-Based Economy with Knowledge Deprivation

Listed author(s):
  • Russ, Meir
  • Jones, Jeanette K.
Registered author(s):

    A three tier regional economic indicator framework has been created to address the tran-sition necessary for economic regions moving from a manufacturing-based to a knowledge-based economy. The proposed framework responds to a basic weakness of a knowledge defi-cient region. The framework is consistent with a set of five regional strategies adopted by the leadership of the regional economic initiative. The goal is that the unique set of outcomes of-fered will become a critical part of the distinctive strategies for economic development, as well as a tool to facilitate communication with the legislature and the general public. Early findings based on current use of the framework are reported. The findings illustrate the simplicity and robustness of the framework. The framework is divided into three complementary frames of measures and indicators: the regional framework, the sub-regional framework, and the clusters framework. The framework of indicators uses the system approach of inputs (assets, enablers), processes, and outcomes. The regional framework includes the following aspects: cultural enab-lers, physical and administrative infrastructure, quality of life, education, renovation, human, process, market, and financial capital. The framework also includes the need to assess the cul-tural readiness of the region to adopt the new economy‟s realities. For the indicators to be si-multaneously valid and helpful, they had to identify measurable variables and be operational (i.e., to be affected by the policies and decisions of the driving actors). Where possible, the re-gion was benchmarked against national averages to allow for external observation as a mea-ningful comparison. Where the national average was not available, the region was ben-chmarked against the state (Wisconsin). Sub-regions were also identified to provide depth to the regional indicators. The rationale for this proposal is that in a large and diverse region (e.g., the 18 counties in the Northeast Wisconsin (NEW) region that is a mix of rural and urban communities with very diverse demographics), there are specific sub-regional idiosyncrasies. In the case of the Northeast Wisconsin region, four sub-regions were identified. It was also clear that by monitoring the major industrial clusters, the unique aspects that are more appropriately measured at the cluster level of analysis might be captured. Twelve major clusters were identified.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Mid-Continent Regional Science Association in its journal Journal of Regional Analysis and Policy.

    Volume (Year): 38 (2008)
    Issue (Month): 2 ()

    in new window

    Handle: RePEc:ags:jrapmc:132360
    Contact details of provider: Web page:

    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    in new window

    1. Paul Reynolds & Niels Bosma & Erkko Autio & Steve Hunt & Natalie De Bono & Isabel Servais & Paloma Lopez-Garcia & Nancy Chin, 2005. "Global Entrepreneurship Monitor: Data Collection Design and Implementation 1998–2003," Small Business Economics, Springer, vol. 24(3), pages 205-231, February.
    2. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
    3. Peter B. Doeringer & David G. Terkla, 1995. "Business Strategy and Cross-Industry Clusters," Economic Development Quarterly, , vol. 9(3), pages 225-237, August.
    4. David Keeble & Frank Wilkinson, 1999. "Collective Learning and Knowledge Development in the Evolution of Regional Clusters of High Technology SMEs in Europe," Regional Studies, Taylor & Francis Journals, vol. 33(4), pages 295-303.
    5. Knut Koschatzky, 2005. "Foresight as a Governance Concept at the Interface between Global Challenges and Regional Innovation Potentials," European Planning Studies, Taylor & Francis Journals, vol. 13(4), pages 619-639, June.
    6. Otto Raspe & Frank Van Oort, 2006. "The Knowledge Economy and Urban Economic Growth," European Planning Studies, Taylor & Francis Journals, vol. 14(9), pages 1209-1234, May.
    7. Fedderke, Johannes & Klitgaard, Robert, 1998. "Economic Growth and Social Indicators: An Exploratory Analysis," Economic Development and Cultural Change, University of Chicago Press, vol. 46(3), pages 455-489, April.
    8. Rolf Sternberg & Timo Litzenberger, 2004. "Regional clusters in Germany--their geography and their relevance for entrepreneurial activities," European Planning Studies, Taylor & Francis Journals, vol. 12(6), pages 767-791, September.
    9. Rolf Sternberg & Sander Wennekers, 2005. "Determinants and Effects of New Business Creation Using Global Entrepreneurship Monitor Data," Small Business Economics, Springer, vol. 24(3), pages 193-203, January.
    10. Pohjola, Matti, 2002. "The New Economy: facts, impacts and policies," Information Economics and Policy, Elsevier, vol. 14(2), pages 133-144, June.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ags:jrapmc:132360. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.