The Efficiency of the High‐tech Economy: Conventional Development Indexes Versus a Performance Index*

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.

The impact of environmental practices on firms’ efficiency: the case of ICT-producing sectors

“…For example, five basic occupations were meant by using this term, i.e. database administrator, computer support specialist, computer engineer, system analyst, and computer programmer (Raab and Kotamraju 2006). But the emergence of Internetbased technologies has resulted in a more extended definition, thus leading to the globally accepted term of information and communication technologies (ICTs).…”

Regional Benchmarking in a Global Context: Knowledge, Competitiveness, and Economic Development

“…Performance benchmarking provides "comparative statics" in the form of regional league tables and ranks that seek to measure, analyze, and compare relative performance (Bristow, 2005;Rose, 1993). The emergence of the knowledge economy as a policy goal has resulted in regional economies becoming defined by metrics, such as research and development (R&D) expenditures, patent applications, the production of intangible goods, education levels, specialization in high-technology and knowledge-based sectors, and science and technology investment (Cooke, 2007;Huggins & Izushi, 2007;Malecki, 2004;Raab & Kotamraju, 2006).…”

High-Tech Industries of the Russian Economy: Scope and Resources of Development

“…По всем видам экономической деятельности, за исключением здравоохранения и программного обеспечения, наблюдается сокращение расходов. В среднем расходы на исследования и разработки растут на 0,85 % ежегодно в медицине и на 1,75 % в программном обеспечении и услугах [14,15].…”