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Innovation and Path to Inclusiveness in Developing Countries

Author

Listed:
  • 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)

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.

Suggested Citation

  • Meer Jan & Amdadullah Baloch & Abdullah Abdulaziz Bawazir & Abdul Qayyum & Mahfoudh Hussein Mgammal, 2024. "Innovation and Path to Inclusiveness in Developing Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 14(5), pages 330-337, September.
    • Handle: RePEc:eco:journ1:2024-05-33
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    More about this item

    Keywords

    Innovation; Inclusive Growth; Global Innovation Index;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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