The Role of Innovation in Economic Development
Keywords:
innovation, economic development, technological advancements, productivity, competitivenessAbstract
The paper investigates the impact of innovation on economic development, focusing on both developed and developing nations. It evaluates the importance of technological advancements and innovative practices in driving economic growth. The study also examines how innovation influences productivity, competitiveness, and overall economic performance. Using case studies and empirical data, the research highlights the critical role of innovation in shaping economic futures.
This is a preliminary version. To read the full version of the article, please purchase a subscription.
References
Jeyhun, R., Elshan, R., Naila, A., & Aydin, N. (2025). Effectiveness of Internet of Things migration into hybrid economic projects.
Rahimov, J., Rahimov, E., Nasirzade, A., & Yusifli, P. (2025). Economic aspects of projects based on the Internet of Things. Innovation and Sustainability Articles, 5(4), 31-44.
Kelmendi, J., Beqiri, A., Shuajibi, E., Talibzade, O., & Ketners, K. (2025). The impact of geopolitical tensions on global supply chains and international trade. Jurnal Ilmiah Ilmu Terapan Universitas Jambi, 9(2).
Мошенський, С. (2024). Зародження фінансового капіталізму. Sergei Moshenskyi.
Мошенський, С. (2025). Хаос і синергія. Фінансовий світ постіндустріальної епохи. Sergei Moshenskyi.
Melnyk, I. (2025). End-2025 Crosswinds: Tight Credit, Uncertain Status, and Scenario Planning for US Immigrant-Owned Small Businesses. Uncertain Status, and Scenario Planning for US Immigrant-Owned Small Businesses (December 10, 2025).
Smuk, I. (2025). Growth hacking as a driver of innovative development of start-ups: Between marketing and product.
Pisaniuc, M., & Prodan, V. (2024). Disruptive innovations and their impact on the global economy. In SW-Us Conference proceedings (pp. 33-40).
Pisaniuc, M. (2020). Determining the absorption capacity of innovations In South East European countries: the case of the Republic of Moldova. In International Conference on Business, Management and Economics (pp. 207-216).
Pisaniuc, M., & Ceban, M. (2021). The Big Data Design-A Modern Challenge in Developing an Innovative Business Model. ScientificWorld-NetAkhatAV Lußstr. 13 76227 Karlsruhe, Germany in conjunction with Institute «SE&E».
