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

IF 0.9 Q3 ECONOMICS Scientific Annals of Economics and Business Pub Date : 2022-08-23 DOI:10.47743/saeb-2022-0018

Lejla Terzić

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引用次数: 1

Abstract

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.

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揭示经济复杂性、创新与增长之间的联系：以高收入和中上收入经济体为例

本文通过研究选定的高收入和中高收入经济体中重要经济指标之间的关系，探讨了经济复杂性、创新和增长的基本变量。观察到的经济体的经济复杂性和创新与其经济增长密切相关。本文的目的是研究经济复杂性和创新在鼓励高收入和中高收入经济体经济增长方面的意义。在探索经济复杂性、创新和经济增长等关键变量之间的联系时，已经应用了各种方法测量工具。进行这一探索所需的经验数据是从主要和辅助来源积累起来的。使用SPSS 25统计软件包对观察到的经济进行分析。探索结果揭示了选定国家经济增长的经济复杂性和创新的基本决定因素。监督促进创新和增长的相互关联的决定因素与经济复杂性的综合指标有关。确认基本变量之间的异质性和对敏感性的认识是随后接受方便的经济复杂性指标以改善国民经济关键领域的基础。

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来源期刊

Scientific Annals of Economics and Business ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

10 weeks

期刊介绍： The Journal called Scientific Annals of Economics and Business (formerly Analele ştiinţifice ale Universităţii "Al.I. Cuza" din Iaşi. Ştiinţe economice / Scientific Annals of the Alexandru Ioan Cuza University of Iasi. Economic Sciences), was first published in 1954. It is published under the care of the Alexandru Ioan Cuza University, the oldest higher education institution in Romania, a place of excellence and innovation in education and research since 1860. Throughout its editorial life, the journal has been continuously improving. Renowned professors, well-known in the country and abroad, have published in this journal. The quality of the published materials is ensured both through their review by external reviewers of the institution and by the editorial staff that includes professors for each area of interest. The journal published papers in the following main sections: Accounting; Finance, Money and Banking; Management, Marketing and Communication; Microeconomics and Macroeconomics; Statistics and Econometrics; The Society of Knowledge and Business Information Systems.