Open Access Journal Article

USA – Innovation Index: A State - Level Proposal

by Rafael Acevedo a, b, c, d,* ,  Jose U. Mora e  and  Jorge Romero-Habeych d
a
Menard Family Center for Economic Inquiry, Creighton University, Omaha, NE, USA
b
Econintech, Miami, FL, USA
c
Department of Accounting, Economics, and Finance, University of Illinois, Springfield, IL, USA
d
School of Business, Western New Mexico University, Silver City, NM, USA
e
Department of Business Administration, Sul Ross State University, Alpine, TX, USA
*
Author to whom correspondence should be addressed.
EAL  2025 4(1):73; https://doi.org/10.58567/eal04010002
Received: 26 October 2024 / Accepted: 11 December 2024 / Published Online: 30 December 2024
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Abstract

We propose an open-access innovation index for the U.S. states. This index was built by classifying into four core areas the twelve more important indicators, inputs, and outputs, that are widely accepted in the literature as the most relevant for measuring innovation. We consider the indicators aggregated in the areas of human capital and business environment as the inputs that create knowledge and influence the promotion of innovation, while those in areas of engagement and efficiency as the outputs that are all those outcomes and improvements related to the innovation process. As an example of potential uses of our index, we ran a basic econometric experiment using the economic growth rate as the dependent variable. Despite the results being qualitatively consistent with the literature, we suggest further research using our index and other methodologies. We included in the appendix the overall index score and ranking from 2000 to 2015.

Keywords: Innovation; Innovation Index; Innovation Ranking; USA; State Level;
Copyright: © 2024 by Acevedo, Mora and Romero-Habeych. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Acevedo, R.; Mora, J. U.; Romero-Habeych, J. USA – Innovation Index: A State - Level Proposal. Economic Analysis Letters, 2025, 4, 73. https://doi.org/10.58567/eal04010002
AMA Style
Acevedo R, Mora J U, Romero-Habeych J. USA – Innovation Index: A State - Level Proposal. Economic Analysis Letters; 2025, 4(1):73. https://doi.org/10.58567/eal04010002
Chicago/Turabian Style
Acevedo, Rafael; Mora, Jose U.; Romero-Habeych, Jorge 2025. "USA – Innovation Index: A State - Level Proposal" Economic Analysis Letters 4, no.1:73. https://doi.org/10.58567/eal04010002
APA style
Acevedo, R., Mora, J. U., & Romero-Habeych, J. (2025). USA – Innovation Index: A State - Level Proposal. Economic Analysis Letters, 4(1), 73. https://doi.org/10.58567/eal04010002

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