Innovation Economic Growth Research Articles

Role of Technology Innovation in Economic Growth: A Bibliometric Analysis

Economic growth is a metric used to measure a country's development and advancement. Technological innovation is a driving force behind economic growth and helps to improve and modernize industrial techniques. Thus, this study aims to synthesize existing research on the impact of technology innovation on economic growth from 2010 to 2024 through bibliometric analysis. 414 documents were extracted from the Scopus database and then analyzed through the BiblioShiny software. This review provides insightful information on the background of technological innovation and its impact on economic growth and analyses data according to publication patterns, sources, documents, authors, nations, and keywords. The results indicate a rapid and remarkable growth (28.91%) in this field, suggesting that interest in this field has increased noticeably. China emerges as a leader in terms of research production, citations, and partnerships when national contributions are examined. China is also a keyword that is frequently used in related literature. Sharif A. and Liu J are the most influential authors in terms of citation and publication respectively. Jiangsu University is the top institution, and “Environment Science and Pollution Research” is the top source that has contributed the highest number of articles in this field. Various bibliometric studies have been carried out to explore the concept of technology innovation in different facets and contexts, but economic growth through the lens of technological innovation remains unexplored. Thus, this study advances our knowledge regarding the influential role of technology innovation in economic growth by using a bibliometric lens to examine the literature, identify knowledge gaps, indicate areas requiring more research, and highlight the potential for progress. These findings will have significant implications that can greatly benefit researchers, decision-makers, and professionals in crafting policies and focusing on infrastructure development to support technology innovation. This bibliometric study concludes with limitations and recommendations for further study.

R&D, Product and Process Innovation, and Firm Performance: A Case Study of the Chinese Firms

Alongside rapid economic growth, the Chinese economy has witnessed a notable increase in research and development (R&D) expenditure, escalating from 0.56 per cent of GDP in 1996 to 2.43 per cent in 2021. Recognising the significance of innovation in economic growth, this article utilises unique firm-level data from China for the year 2012 to investigate the influence of R&D, product innovation and process innovation on firm productivity. The findings suggest that R&D positively affects the performance of Chinese firms, as measured by either firm sales or sales per permanent full-time employee. Moreover, product innovation may have a detrimental impact on firm performance, whereas the impact of process innovation lacks robustness. JEL: D22, N65, O32

KEYS TO CREATING AN EFFECTIVE REGIONAL INNOVATION INFRASTRUCTURE

Integration processes in science, education and production are driven by the acceleration of scientific and technological progress, the introduction of innovative scientific developments into mass production and the informatisation of the economy. The development of knowledge-intensive industries places new demands on the training and retraining of innovation-sensitive personnel, as well as on science, education and the economy as a whole, which are currently unable to develop effectively independently and adapt to changes in technology and engineering. The purpose of the article is to find promising areas for the development of education and science based on their integration with business entities not only within the limited space of regions, but also on the basis of spatial integration of territories with a special geographical location. Methodology. The necessary and socially significant conditions for the integration of science, education and business are the achievement of knowledge and skills, goals and values related to the acceleration of the reproduction of innovation potential in society, awareness of the role of science, education and business in solving problems of innovation development, and also their integration interaction in this area. Practical implications. Three main levels of economic systems are allocated: individual, organisation, and region. It has been determined that the degree of influence of innovation processes on them is determined by the presence and condition of three factors necessary for the formation of innovation susceptibility (stabilising, activating and structural). Value/Оriginality. Based on the concepts of the main innovation systems and the necessary conditions for innovative economic growth, the authors have clarified the content of the category "innovation receptivity of the region". The paper also reveals the basic principles of building a model of innovation receptivity and determines the degree of interdependence and interdependence between its constituent elements based on a systematic approach.

Statistical analysis and open innovation in economic growth of scottish business SMEs for sustainable development

The propulsion of economic growth is a multifaceted construct, influenced by technology, capital, and resource management, with Small and Medium-sized Enterprises (SMEs) being a significant contributors to innovation and employment. This study examines the growth of Scottish SMEs across four sectors over a 14-year period (2008–2021) by employing a novel statistical approach to understand their development trajectories within the framework of open innovation. The paper engaged in a longitudinal analysis to assess trends and inform policy for sustainable growth by the utilization of open-access data. Theoretical metrics such as the Average Growth Rate, Compound Average Growth Rate (CAGR), and Year-Over-Year (YoY) Growth were applied to evaluate sectoral performance. The findings revealed varied growth patterns; the information technology sector exhibited a robust increase, while the telecommunications sector showed significant percentage growth. Conversely, the Information and Communication Technologies (ICT) sector experienced a decline that suggests a potential market gap. An affirmative trajectory in CAGR was observed in most sectors except ICT, which corroborates a shift in technological evolution and market needs. The study illuminates the dynamic economic landscape of Scottish SMEs, with telecoms emerging as the most prosperous sector in terms of growth rates, thus indicates a shifting economic focus. The study’s limitations are briefly discussed, in addition to the need for updated databases and further research employing predictive modeling with machine learning to enhance forecasting capabilities and foster open innovation for sustainable economic development.

Performance of Kenaf for Landfill Liner System Improvement

A landfill is a site to dispose of materials that threaten the environment, such as leachate, poisons, or greenhouse gases. Leachate is a liquid that can contribute to water pollution if there is a leakage of flow into groundwater sources from landfill waste or other outside water sources. Leachate is a liquid accumulated from landfill waste and other outside water sources. To prevent this leachate from mixing with water resources when it flows into the soil, the behavior of Kenaf (Hibiscus Cannabinus) as a landfill liner system is investigated and understood thoroughly on how permeability properties can increase with the soil. In addition, the herbaceous plants known as Kenaf have beneficial mechanical properties, and they do not pose any threat to the health of human beings. Kenaf has significant potential for commercial usage because of the ease with which it can be cultivated and the low prices at which it can be harvested. In addition, Kenaf can contribute to infrastructure and innovation for economic growth and development (SDG 9.0), where it can reduce the usage of clay linear and simultaneously, increase the Permeability of the soil properties to resist the flow of leaches into the soil. This admixture is gaining popularity as a result of the fact that it has a relatively low cost and is simple to apply. In this investigation, Kenaf was used because of its reputation as a good absorbent product that can hold up to six times its weight and has a leaching capability of less than one percent. The results of laboratory work are presented to demonstrate that this material is suitable for usage in landfills to solve the leachate problem.

Focusing the ecosystem lens on innovation studies

For nearly a century, the key role of innovation in economic growth has been acknowledged and studied. Today, innovations are increasingly understood as being embedded in ecosystems of autonomous actors, whether firms, other organizations, or individuals. These actors contribute in complementary ways to create a value proposition that is greater than the sum of the parts, with the integration of their products and processes made possible by modular interfaces between actors. Here we review the emergence of the ecosystem lens within innovation studies in the context of the Special Issue on Innovation Ecosystems and Ecosystem Innovation. After summarizing the history of the special issue, we review the nine articles in the special issue and show how they relate to defining the actors, joint value creation by the actors, coordinating the actors, value capture by the actors, and then the large issue of analyzing ecosystems as the unit of analysis. From this, we offer suggestions for future ecosystem research, including opportunities to combine the ecosystem lens with other lenses used in innovation studies, and new methods for studying ecosystem phenomena.

Innovation for Economic Growth: G7 vs E7

Purpose: The main objective of this research is to examine the impact of R&D expenditures and Global Innovation Index ranking on per capita income in E7 and G7 country groups.
 Methodology: Logistic regression model was used as the research method in the study. Stata 18 Data Analysis and Statistical Software Program was used in the analysis of the data. At the hand of Stata 18 Data Analysis and Statistical Software Program, regression analysis was used to estimate the possible and unknown effects of independent variables on the dependent variable. During the collection of the data used in the study, the archive scanning method, which is one of the qualitative research methods, was used. Archival reports and official records were also used in the study. 
 Findings: According to the research results, 83.56% of the model is explained by explanatory variables. With all other explanatory variables constant, a 1% increase in R&D expenditure will result in an increase of 0.5243% on GDP per capita. At the same time, this coefficient gives the flexibility of GDP per capita relative to R&D expenditure (%GDP). It is also found out that there is a positive relationship between GDP per capita and R&D expenditure and also, there is a negative relationship between GDP per capita-GII ranking. In this study, which deals with the innovation efficiency of the G7 countries and the E7 countries, and the effect of this performance on the GDP per capita, it is seen that the G7 countries spend more on innovation.
 Originality: It contributes to the literature as there is no other study in the literature that deals with per capita income, Global Innovation Index ranking and R&D expenditures comparatively between the G7 and E7.

Anteseden Niat Kewirausahaan Berkelanjutan Gen Z Kawasan Smart City Semarang: Apakah Teknologi dan Pemerintah Daerah Berperan?

The UN Agenda for Sustainable Development 2030 focuses on entrepreneurship as a solution to turn ideas into action in building smart cities. Research states that entrepreneurship is crucial in creating sustainable companies in growing cities. Smart City is becoming a center for innovation and data technology to improve city services. Semarang City, as the center of economy and education in Indonesia, has implemented the Smart City concept since 2013. The rapid development of this city, together with the demographic bonus of Generation Z, supports the implementation of technological solutions in support of an adaptive and sustainable Smart City concept. This study aims to investigate the influence of urban entrepreneurship and entrepreneurship education on the sustainable entrepreneurial intentions of Gen Z in the Smart City Area, in this case study Semarang City, by considering the moderator of the role of technology and local government support. This study proposes six hypotheses according to the proposed model of sustainable entrepreneurship in Smart City areas with moderation of business technology and government support. This study chose a survey-based quantitative approach on 250 local Semarang students, and the response data was analyzed using the SEM-PLS technique. The results showed that urban entrepreneurship and Entrepreneurship Education significantly positively affect the sustainable entrepreneurial intentions of the Smart City area.Furthermore, it is proven that business technology and local government support moderate relations between urban entrepreneurship and Entrepreneurship Education with the intention of sustainable entrepreneurship in the Semarang Smart City area. The study recommends the integration of the concept of entrepreneurship in the college curriculum and the establishment of partnerships between universities, industry, and government in Semarang City. The government must expand internet connectivity, provide training programs for entrepreneurs, utilize technology in city infrastructure, and collaborate with educational institutions and industry for inclusive and innovative economic growth.

Role of innovation in economic growth in a New Zealand context

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Digital transformation of industrial enterprises innovative activities management system

The implementation of the Concept of Scientific and Technological Development of Russia until 2030 involves a radical transformation of the usual way of modern business. First of all, it focuses on eliminating the gap in the pace of innovative economic growth of the domestic industrial structure from the world leaders through the use of digital and new information technologies, increasing the efficiency of the growth of economic processes and business models. The purpose of the scientific article is to study the possibilities of digitalization of the innovation management system and develop scientific and practical recommendations for the introduction of new technologies in Russian industrial enterprises. In the process of achieving this goal, the methods of statistical, portfolio, structural analysis and synthesis, generalization, analogy, system analysis were used. Based on the results of the analysis carried out by the author, recommendations were made to improve the efficiency of the system for managing the innovation activity of industrial enterprises. Scientific conclusions and proposals are of high importance for the development of theoretical and methodological provisions of innovation management and acceleration of economic and innovative growth of the Russian economy. Thus, scientific and practical recommendations and conclusions formed in the work can act as a methodological and information base for the management of enterprises in the implementation of a set of actions to ensure effective management of innovation activities and improve the methodological tools of innovation management using modern digital technologies.

Drivers of Innovative economic growth in Russia

Drivers of Innovative economic growth in Russia

Sustainable Institutional Entrepreneurial Culture and Innovation For Economic Growth

This article discusses institutional entrepreneurial culture and the enabling factors for sustainable economic growth. This study aims to identify the key factors contributing to institutional entrepreneurial culture development. The research utilizes a qualitative approach, and the results show that an innovative and entrepreneurial culture can enhance a country's long-term economic prosperity. A strong relationship exists between culture, innovation, and long-term economic success. Therefore, it is important to promote an institutional entrepreneurial culture through several factors, such as supporting government policies and programs, developing supporting infrastructure, education, and training, and cooperation between the public and private sectors. This research provides useful insights for policies and interests in the economic sector to promote innovation and entrepreneurship that can enhance economic growth. As such, this article provides important insights for readers interested in developing a sustainable institutional entrepreneurial culture and economic growth.

Strategies for Innovative Development of Hotel and Restaurant Enterprises in Ukraine

Purpose: The goal is to find and implement innovative strategies for the development of hotel and restaurant enterprises in Ukraine. Design / Methodology / Approach: Analysis, synthesis and comparison. Findings: In modern conditions, hotel and restaurant management is an integral part of the hospitality industry. Today, this is a whole complex that determines the overall prospects for the development of all industries. In order to effectively and successfully solve a complex of tasks related to increasing competitiveness in the market, it is necessary to implement innovative strategies in the hotel and restaurant industry. An analysis of the trends in the development of the hospitality industry shows that companies that implement innovative methods and strategies in their activities are getting more and more growth. Taking into account the significant impact of innovative economic growth and prospective development of hospitality industry enterprises in modern conditions, it is appropriate to define innovative strategies as those that offer potential opportunities for increasing economic efficiency. Originality / Value: Researching innovative strategies in the hotel and restaurant industry of Ukraine, it is worth noting the high level of competition in the hospitality industry. This stimulates the search for new ways and elements of effective functioning. One of the main trends in this field is the development and application of various innovations that can be a powerful impetus for development in the hospitality industry. Innovative technologies are necessary for the viability and competitiveness of hotel and restaurant enterprises. In the process of introducing innovations at enterprises, changes occur that practically affect all aspects of their activities. Practical Meaning: The feasibility of implementing innovative strategies in the hotel and restaurant industry of Ukraine has been proven; the practical significance is the strengthening of the application of innovative strategies in practice. Further Research: Substantiating the application of innovative strategies in the hotel and restaurant industry of Ukraine.

ECONOMIC-MATHEMATICAL MODEL OF FORMATION OF INNOVATION AND ENGINEERING INDUSTRIAL CLUSTER

The subject of the article is the use of industrial clusters as tools for innovative economic growth. The purpose of the article is to develop an economic-mathematical model of the formation of an industrial cluster, and to create an algorithm for cluster zoning of the economy. Tasks to be solved – analysis of the principles of innovative growth, development of a model of an innovation-engineering industrial cluster, formulation of a methodology for the formation of a regional innovation-engineering cluster, analysis and assessment of the features that arise in clusters, use of cluster analysis for systematization, classification and reduction of the number of features. Applied methods: system analysis, project approach, institutional theory, clustering methods, Bartlett’s sphericity criterion and Kaiser–Meyer–Olkin sampling adequacy criterion, multivariate regression analysis, Fisher’s F-test. The results obtained: it was determined that the best approach to unification of the main components of innovative development, namely state bodies, business and development institutes, is the creation of innovation and engineering clusters. The principles of creation and functioning of such clusters are described. It is shown that the basis of the cluster construction algorithm of regions is the integration of quantitative and qualitative methods of identification and clustering of the economy. This makes it possible, in contrast to existing approaches, not only to identify cluster elements, but also to model the levels of interaction between them. It is proposed to use the synergistic effect from the use of the newly formed structure as an assessment of the efficiency of the cluster. Conclusions: the use of regional innovation and engineering clusters allows for the formation of an effective strategy for the development of the region’s economy. The developed algorithm of cluster zoning integrates quantitative and qualitative methods of determining the clustering possibilities of the region’s economy. The complex interaction of economic and political factors leads to a synergistic effect and allows modeling cluster formation with the identification of the composition of participants and the level of interaction between them.

Critical role universities in Africa should play in innovation for economic growth and development

This paper examines the critical role universities in Africa ought to play in innovation in support of economic growth and development. The prime motivation for this paper is to propose ways universities can support economic growth and development through innovation initiatives in their operations. Innovation involves the generation of a creative idea or insight: the insight must be put into action to make a genuine difference in economic growth and development. There are a wide range of approaches to conceptualizing innovation in the scholarly literature. Innovation can be looked at from the context of technology, commerce, social system, economic development, and policy construction. Information for this research was obtained from both primary and secondary data. Primary data was obtained from knowledgeable individuals in terms of what they considered to be the role of the modern African university in innovation for economic growth and development. However, the paper relied more on secondary data sources available in the internet (http://en.wikipedia.org/wiki/Innovation). The key finding is that universities in Africa have an important role to play in innovation but must change their modus operandi in terms of curriculum development, teaching and assessment of student learning among others in order to remain relevant to the needs of the modern economy.

Ways to Develop Financial Resources in the Innovative Development of the Economy

This article examines strategies for amassing financial resources to spur innovative economic development, a pressing global issue, particularly in light of the recent pandemic. Emphasis is placed on maintaining operational continuity in production and services by funnelling funds from national and international capital markets into the corporate sphere, preserving the financial stability of joint-stock companies, ensuring employment, and introducing novel financing mechanisms. The paper also provides a detailed analysis of economic studies on the structure and characteristics of capital markets. The process of garnering financial resources from capital markets, guided by cash flow direction and the deployment of hybrid financial instruments during finance agreement negotiations, is also discussed. Overall, the article seeks to elucidate and address the challenges of driving innovation in economic growth through effective financial resource management.

The role of government-industry-academia partnership in business incubation: Evidence from new R&D institutions in China

it is very important to encourage the incubation of new companies for innovative economic growth. Many countries in the world are encouraging “innovation orchards” in the form of government-industry-academia partnership to facilitate the incubation of new technology enterprises. The research focuses on the impact of this partnership between the government, industry, and academia in establishing new R&D institutions on business incubation. Specifically, the research aims to investigate what is the separate effect of the government, enterprises, universities, and public institutions in the establishment of new R&D institutions on enterprise incubation, and the role of cooperation between government-enterprise-academia in the enterprise incubation of new R&D institutions. In empirical tests using data from the 2020 official survey of the Ministry of Science and Technology of China, the results show that for each single cooperator, participation in the establishment of governments, academia has a positive impact on start-ups, while the participation of enterprises has no significant impact. In terms of cooperation, the co-established new R&D institutions are better in business incubation than the single establishment of new R&D institutions. The cooperation between government and academia in the establishment of new R&D institutions has a positive effect on business incubation, and other types of cooperation between government-industry, industry-academia, and government-industry-academia have no significant impact on business incubation. The research conclusion can provide a policy reference for optimizing the holding mode of new R&D institutions.

Innovative intellectual capital in the system of factors of technical and technological development

Purpose. To define the essence and structure of the innovative intellectual capital and substantiate the quantitative indicators for its measurement. Methodology. During the research, the following general scientific methods of scientific knowledge were applied: system analysis to clarify the essence of innovative intellectual capital and its structure; a method of analysis and synthesis to substantiate the components of the innovative intellectual capital index; economic and mathematical methods to calculate the index value for certain countries of the world. Findings. The essence of innovative intellectual capital is analyzed as a set of intangible assets of the country, which characterize the real and potential ability of human capital to use knowledge and information for innovative economic growth. Its three structural elements human, structural, and network social capitals are identified and characterized. A method of quantitative measurement of innovative intellectual capital is substantiated by representing the same-name index. The value of the innovative intellectual capital indices is calculated in terms of sampling of 26 world countries; its dynamics over three years is shown, and direct relationship between its level and the GDP indicator of the respective country is proven. Originality. The essence of innovative intellectual capital and its structure is substantiated; the index of innovative intellectual capital is proposed, and its value is calculated for the selected world countries; the direct dependence between its level and the GDP indicator of the respective country is proved. Practical value. The proposed index of innovative intellectual capital makes it possible to select more effectively the directions of the national economic policy in the field of technical and technological development.

Investigating the Role of Green Innovation in Economic Growth and Carbon Emissions Nexus for China: New Evidence Based on the PSTR Model

In the context of climate change and high-quality economic growth, the penetration of green innovation is crucial for attaining sustainable economic development. However, the economic growth and carbon emissions nexus has not been fully investigated from the green innovation perspective. Using green innovation as the transition variable, this research employs the panel smooth transition regression model to examine the influence of economic growth on carbon emissions in 30 Chinese provinces over the period 2000–2019. The empirical results indicate that economic growth and carbon emissions have a substantially nonlinear nexus. The promoting influence of economic growth on carbon emissions is offset and even transformed into an inhibiting effect as green innovation degree rises; that is, green innovation alters the economic growth and carbon emissions nexus and plays a considerable part in carbon reduction for China. Additionally, the temporal variations analysis indicates that the positive nexus economic growth effect exerted on carbon emissions decreases gradually as time goes on. In terms of spatial variations, economic growth in the eastern area with higher levels of green innovation exerts the least positive impacts on carbon emissions. The research findings indicate that it is crucial for the Chinese government to lay down effective environmental protection policies to stimulate the enthusiasm of green innovation for social entities.

Unveiling the Linkages between Economic Complexity, Innovation and Growth: The Case of High-Income and Upper Middle-Income Economies

This article explores the essential variables of economic complexity, innovation, and growth by researching the relationships between imperative economic indicators in selected high-income and upper middle-income economies. The economic complexity and innovation of the observed economies are robustly linked to their economic growth. The goal of this article is to investigate the significance of economic complexity and innovation in encouraging economic growth in high-income and upper middle-income economies. Miscellaneous methodological measurement instruments have been applied towards exploring the linkages between the crucial variables of economic complexity, innovation, and economic growth. The empirical data necessary for conducting this exploration were accumulated from primary and auxiliary sources. Analysis of the observed economies was performed using the statistical software package SPSS 25. The exploration results reveal the essential determinants of economic complexity and innovation for economic growth in selected countries. The interrelated determinants supervised for enhancing innovation and growth are linked to synthesized indicators of economic complexity. Confirmation of the heterogeneity between essential variables and awareness of sensitivity is the foundation for the subsequent acceptance of convenient economic complexity indicators for improvement of the critical fields of national economies.