Driving Regional Performance: Innovation
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1 Innovation Index 2.0 A Tool for Practitioners and a Resource for Research on Innovation and Driving Regional Performance: Regional Economic Theory and Measurement in Innovation Timothy F. Slaper, Ph.D. Research Director Indiana Research Business Center Indiana University Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 1
2 Link: With robust internet Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 2
3 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 3
4 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 4
5 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 5
6 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 6
7 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 7
8 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 8
9 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 9
10 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 10
11 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 11
12 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 12
13 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 13
14 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 14
15 LETS COMPARE REGIONS Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 15
16 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 16
17 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 17
18 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 18
19 Side-by-Side Comparison Upper Minnesota Valley Regional Arrowhead Regional Development Headwaters Regional Development Development Commission Commission Commission Region 9 Development Commission Innovation Index Human Capital and Knowledge Creation Index Salad Days Population Growth (Ages 25-44) Educational Attainment High School Attainment (Ages 18-24) Some College, No Degree (Age 25+) Associate Degree (Age 25+) Graduate Degree (Age 25+) Knowledge Creation and Technology Diffusion Patent Technology Diffusion University-Based Knowledge Spillovers Business Incubator Spillovers STEM Education and Occupations STEM Degree Creation (per 1,000 Population) Technology-Based Knowledge Occupation Clusters High-Tech Industry Employment Share Business Dynamics Index Establishment Formation Establishment Births to All Establishments Ratio Jobs Attributed to Estab. Births to Total Employment Ratio Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 19
20 MAPPING INNOVATION Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 20
21 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 21
22 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 22
23 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 23
24 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 24
25 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 25
26 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 26
27 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 27
28 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 28
29 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 29
30 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 30
31 Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 31
32 Not just an index score SOMETHING FOR THE RESEARCHER Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 32
33 Wide array of data Categories motivated by academic research: Knowledge creation Cluster growth Patent technology diffusion Human capital STEM occupations Creative-destruction Entrepreneurship Social Capital Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 33
34 Innovation and Knowledge Spillovers P : patents I : Industry R&D U : University R&D HК : Human Capital E_ht : Employment in high tech VC : Venture Capital C : Other Regional Characteristics (proprietorship rates, firm size) Z : Unobserved, including Knowledge Spillovers In terms of university knowledge spillovers, does distance matter? Evaluated 50, 100 and 250 mile distances from Universities conducting S&E research Distance Matters! Total Patents KSPL_50 KSPL_100 KSPL_250 Ratio: Patents to Workers KSPL_50 KSPL_100 KSPL_250 Nationwide *** *** *** *** *** ** North East ** *** *** Mid West *** *** *** *** *** ** Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 34
35 Ɨ = f(кc, КU, КH, КS, C, P, Μ, N, Ϝt, Ff) КC: Knowledge creating entities КU: Knowledge using entities КH: Stock of knowledge (human capital) КS: Social capital Ft : Financial Resources, traditional Ff : Investment inflows, VC/FDI P: Legacy (path dependencies, including natural resources) C: Cultural attributes (e.g., risk taking, adaptability, labor force participation) Μ: Metabolism or churn (a.k.a. creative-destruction) N: Networks & connectivity hard/internet soft/collaboration Indiana Business Research Center C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 35
36 C2ER Annual Conference, June 8-10, 2016 Minneapolis, Minnesota 36
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