Calculating the Innovation Index
The Innovation Index compares regional performance to the United States and is calculated from 4 component indexes. The weight for each variable is listed below. (An additional "State Context" category is displayed as part of the data output, but it is for reference only and not included in the calculation of the overall index.)
Human Capital: 30% |
Economic Dynamics: 30% |
Productivity and Employment: 30%
 |
Economic Well-Being: 10%
 |
Where Do the Data Come From?
Variables in the Innovation Index are derived from both official government statistical agencies and several private, proprietary sources, including Moody’s economy.com, Innovation Economy 360, and Economic Modeling Specialists, Inc. These proprietary data were used in specific index calculations and are reflected on the website only in terms of those resulting calculations and are not available in their original (raw) form, but we encourage you to contact the sources of those data for more information.
| Proprietary Sources | Public Sources |
|---|---|
   |
Federal Communications Commission U.S. Bureau of Economic Analysis |
Time Period
The Innovation Index uses the latest year of available data at the time of index construction. However, the most recent data for individual index variables are available via the data browser except in cases where the data are proprietary.
More Information
- Innovation Index Methodology
- What the Innovation Index Research Shows
- How to Use the Innovation Index
This project is funded in part by the U.S. Commerce Department's Economic Development Administration. Work was conducted by the Purdue Center for Regional Development, the Indiana Business Research Center at Indiana University's Kelley School of Business, and other research partners.
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