Innovation and Path to Inclusiveness in Developing Countries

Meer Jan, Amdadullah Baloch, Abdullah Abdulaziz Bawazir, Abdul Qayyum and Mahfoudh Hussein Mgammal
Additional contact information
Meer Jan: Department of Economics, Lasbela University of Agriculture, Water and Marine Sciences, Balochistan, Pakistan
Amdadullah Baloch: Department of Economics, Lasbela University of Agriculture, Water and Marine Sciences, Balochistan, Pakistan
Abdullah Abdulaziz Bawazir: Faculty of Business, UNITAR International University, Kelana Jaya, 47301, Petaling Jaya, Selangor Darul Ehsan, Malaysia
Abdul Qayyum: Department of Economics, University of Turbat, Balochistan, Pakistan
Mahfoudh Hussein Mgammal: Department of Accounting, College of Business, Jouf University, Sakaka, Saudi Arabia

International Journal of Economics and Financial Issues, 2024, vol. 14, issue 5, 330-337

Abstract: This study examines the effect of innovation on inclusive growth in 63 developing countries and employs System Generalized Method of Moments (GMM) estimation techniques. The study used the global innovation index to measure innovation. In addition, we construct an index of inclusive growth. Further, due to the complex nature of inclusive growth, using a single index may not provide the full picture. So, for substantial empirical support, the study uses a set of dimensions of inclusive growth separately. The empirical results show a positive relationship between the measures of innovation with inclusive growth. Further, the study also constructs indifference curves for selected developing economies to measure the inclusiveness in growth. Finally, it is suggested that developing economies should put in policies to promote innovation activities that include poor segments of society to improve the impact of innovation on inclusive growth.

Keywords: Innovation; Inclusive Growth; Global Innovation Index (search for similar items in EconPapers)
JEL-codes: I32 O15 O31 O33 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/16737/8236 (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/16737 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2024-05-33

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().