Measuring regional competitiveness on the basis of entrepreneurship, technological readiness and quality of institutions
ISSN: 1059-5422
Article publication date: 8 February 2021
Issue publication date: 3 January 2022
Abstract
Purpose
Developing composite index-regional entrepreneurship, technological readiness and institution quality index (RETRIQ) of regional entrepreneurship, technology readiness and quality of institution to measure regional competitiveness. This study, also, aims to test econometrically the effectiveness of the index in capturing the economic performance of the sub-national regions.
Design/methodology/approach
The data of eight indicators used in the index are from sources available freely in the public domain. The causal relationship analysis is done using panel data of 10 years from 2008 to 2017 for 32 Indian states/union territories. The generalized method of moments (GMM) is used for this dynamic regression estimation.
Findings
Based on RETRIQ, 32 states and union territories of India have ranked. The estimation using GMM shows a significant association between the composite index and economic growth.
Research limitations/implications
The limitations of the study include the broad assumption that these sub-national regions belong to a uniform macro-economic and technology environment and data constraints as it is a longitudinal study. Then, the implication of the study is that the composite index-RETRIQ could capture differences in regional competitiveness explaining regional economic disparity.
Practical implications
The index will be useful for policy implications in the assessment of competitiveness disparity.
Originality/value
It is a composite index of regional entrepreneurship, technological readiness and quality of the institution. The panel data across states along 10 years series is novel.
Keywords
Acknowledgements
Funding: The authors received no financial support for the research, authorship and/or publication of this article.
Conflict of Interest: The authors declare that there is no conflict of interest with any other party.
Availability of data and material: The data that supports the findings and analysis of this study is freely available in the public domain like websites/periodical reports. The data can also be available from authors on written request.
Citation
Moirangthem, N.S. and Nag, B. (2022), "Measuring regional competitiveness on the basis of entrepreneurship, technological readiness and quality of institutions", Competitiveness Review, Vol. 32 No. 1, pp. 103-121. https://doi.org/10.1108/CR-11-2020-0139
Publisher
:Emerald Publishing Limited
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