Incorporating innovation metrics in urban indices: the Sustain-LED Index

Abstract

This study explores a tool used to assess economic development, technological innovation, environmental sustainability and liveability in urban areas. The research employs qualitative and quantitative analysis in the development of an index–the Sustainability–Innovation–Local Economic Development Index (Sustain-LED Index)–that considers macroeconomic and environmental indicators and associated policies implemented in the largest US metropolitan areas. The Sustain-LED Index could broaden the range of tools available to policy-makers for identifying and removing obstacles for improving the quality of life, reducing inequalities and diminishing the degree of pollution in urban areas. It could represent a supporting tool for local entities to design new policies for spurring local economic development and it could be used for designing new urban policies throughout a greater understanding of the economic, social and environmental consequences caused by urbanization.