The National Science Foundation (NSF) awarded a $299,998 Project Grant under the Technology, Innovation, and Partnerships (TIP) program (CFDA 47.084) to The Pennsylvania State University, doing business as Penn State, to develop a methodology for estimating small-area innovation rates. The goal is to generate "Small Area Innovation Rate Estimation" (SAIRE) models that can provide more accurate estimates of innovation incidence at the local level by leveraging larger economic datasets to supplement the innovation data collected in the Annual Business Survey. The project will investigate techniques like Bayesian multilevel modeling and incorporating spatial dependence to enhance the predictive power of the SAIRE approach. The 2-year project is expected to deliver innovation rate estimates that can inform place-based innovation initiatives and policy analysis related to the role of innovation in economic growth. There are no planned sub-awards under this grant.
Generated 3/4/25, 2:54 AM