Evaluating innovation-driven economic growth: a case of Jordan
Ahmad Fathi Alheet () and
Yacoub Hamdan ()
Additional contact information
Ahmad Fathi Alheet: Al-Ahliyya Amman University, Jordan
Yacoub Hamdan: Al-Ahliyya Amman University, Jordan
Entrepreneurship and Sustainability Issues, 2020, vol. 7, issue 3, 1790-1802
Abstract:
The aim of the research was to examine the role of innovation in promoting economic growth in Jordan. Innovation is a key factor for businesses and a significant element of growth. However, in the case of promoting economic growth, its significance differs in terms of region and countries. To explore the innovation-growth link, the study adopted a quantitative approach, using Jordan’s macroeconomic data of 18 years (2000-2017). The data was collected from secondary sources using the World Bank database. It was found in the research that the progress in Jordan in relation to technology and innovation does not contribute to GDP growth. Internet penetration in Jordan increased, but GDP saw a persistent decline. However, patent applications (non-residents) has a significant impact on reducing unemployment in the country. Thus, it is recommended to focus more on innovation in the form of promoting patents to reduce unemployment and propel growth in the country.
Keywords: innovation; economic growth; patent applications; internet; unemployment; Jordan (search for similar items in EconPapers)
JEL-codes: O31 O47 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://jssidoi.org/jesi/uploads/articles/27/Alhee ... a_case_of_Jordan.pdf (application/pdf)
https://jssidoi.org/jesi/article/489 (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:ssi:jouesi:v:7:y:2020:i:3:p:1790-1802
DOI: 10.9770/jesi.2020.7.3(23)
Access Statistics for this article
Entrepreneurship and Sustainability Issues is currently edited by Manuela Tvaronaviciene
More articles in Entrepreneurship and Sustainability Issues from VsI Entrepreneurship and Sustainability Center
Bibliographic data for series maintained by Manuela Tvaronaviciene ().