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.

中文翻译：

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根据创业精神、技术准备情况和机构质量衡量区域竞争力

目的

制定区域创业、技术准备和机构质量的综合指数——区域创业、技术准备和机构质量指数（RETRIQ），以衡量区域竞争力。本研究还旨在通过计量经济学测试该指数在捕捉次国家地区经济表现方面的有效性。

设计/方法/方法

指数中使用的八个指标的数据来自公共领域免费提供的来源。因果关系分析是使用 2008 年至 2017 年的 10 年面板数据对印度 32 个邦/联合领土进行的。广义矩法 (GMM) 用于这种动态回归估计。

发现

根据 RETRIQ，印度 32 个邦和联邦属地进行了排名。使用 GMM 的估计显示了综合指数与经济增长之间的显着关联。

研究限制/影响

该研究的局限性包括广泛假设这些次国家区域属于统一的宏观经济和技术环境以及数据限制，因为它是一项纵向研究。然后，该研究的含义是复合指数-RETRIQ 可以捕捉解释区域经济差距的区域竞争力差异。

实际影响

该指数将有助于评估竞争力差距的政策影响。

原创性/价值

它是区域创业精神、技术准备和机构质量的综合指数。跨州的 10 年系列面板数据是新颖的。