The Efficiency of the High-Tech Economy: Conventional Development Indexes Versus a Performance Index

18 Pages Posted: 7 Jan 2007

See all articles by Raymond L. Raab

Raymond L. Raab

University of Minnesota, Duluth - Labovitz School of Business and Economics (LSBE)

Pradeep Kotamraju

Perkins Federal Grants, Minnesota State Colleges and Universities

Abstract

Data Envelopment Analysis (DEA) is employed to construct an index of relative efficiencies by maximizing two proxies of high-tech output subject to minimizing five specific resources often associated with high-tech infrastructure. This approach ranks the 50 U.S. states from the most robustly efficient to the most robustly inefficient. The DEA approach avoids using equal or subjective weights employed in the New State Economy Index rankings. The ranking of the 50 states yields some interesting differences between some states' dominance in high-tech industries and their economic performance.

Suggested Citation

Raab, Raymond L. and Kotamraju, Pradeep, The Efficiency of the High-Tech Economy: Conventional Development Indexes Versus a Performance Index. Journal of Regional Science, Vol. 46, No. 3, pp. 545-562, August 2006. Available at SSRN: https://ssrn.com/abstract=918592 or http://dx.doi.org/10.1111/j.1467-9787.2006.00452.x

Raymond L. Raab (Contact Author)

University of Minnesota, Duluth - Labovitz School of Business and Economics (LSBE) ( email )

412 Library Drive
Duluth, MN 55812-3029
United States

Pradeep Kotamraju

Perkins Federal Grants, Minnesota State Colleges and Universities ( email )

St. Paul, MN 55101
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
32
Abstract Views
476
PlumX Metrics