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Towards a multivariate innovation index
Jönköping University, Jönköping International Business School, JIBS, Statistics. Centre for Data Intensive Sciences and Applications, Linnaeus University, Växjö, Sweden.ORCID iD: 0000-0003-2120-0493
Jönköping University, Jönköping International Business School, JIBS, Economics. Jönköping University, Jönköping International Business School, JIBS, Centre for Entrepreneurship and Spatial Economics (CEnSE).
2018 (English)In: Economics of Innovation and New Technology, ISSN 1043-8599, E-ISSN 1476-8364, Vol. 27, no 3, p. 254-272Article in journal (Refereed) Published
Abstract [en]

This paper argues that traditional measures of innovation as a univariate phenomenon may not be dynamic enough to adequately describe the complex nature of innovation. Consequently, the purpose is to develop a multidimensional index of innovation that is able to reflect innovation enablers and outputs. The index may then be used (i) to assess and quantify temporal changes of innovation, (ii) to describe regional differences and similarities of innovation, and (iii) serve as exogenous variables to analyze the importance of innovation for other economic phenomena. Our index is defined in a four-dimensional space of orthogonal axes. An empirical case study is used for demonstration of the index, where 44 variables are collected for all municipalities in Sweden. The index spanning the four-dimensional innovation comprises size, accessibility, firm performance, and agglomeration. The proposed index offers a new way of defining and analyzing innovation and should have a wide range of important applications in a world where innovation is receiving a great deal of recognition.

Place, publisher, year, edition, pages
Taylor & Francis, 2018. Vol. 27, no 3, p. 254-272
Keywords [en]
factor analysis, multivariate index, Regional innovation
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-36604DOI: 10.1080/10438599.2017.1331788ISI: 000438041100004Scopus ID: 2-s2.0-85020272337OAI: oai:DiVA.org:hj-36604DiVA, id: diva2:1119366
Available from: 2017-07-04 Created: 2017-07-04 Last updated: 2018-09-11Bibliographically approved

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Holgersson, ThomasKekezi, Orsa

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