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Building A Knowledge Economy Index For Southern Metropolitan Areas, Kristine Koutout

All Theses

The purpose of this thesis is to determine if the methodology used to build the South Carolina Research Authority Knowledge Economy Index (KEI) for states can be replicated and applied to Southern Metropolitan Statistical Areas (MSAs). Data to imitate the KEI measures for workforce education and fast growth firms were available at the MSA-level; however, academic R&D was used as a proxy for industrial R&D in this index because data was not available for MSAs. An index for Southern MSAs was built based on the coefficients from the OLS results. Workforce education was the most important factor for increasing mean …