Impact of innovations on GDP dynamics
Анотація
The aim of this paper is to study the impact of innovations on GDP dynamics in 30 countries of different level of development. The highest level of correlation has been indicated between the GDP dynamics and the following innovation variables: trademark applications, patent applications, high-technology exports, information and communication technology goods imports and renewable energy consumption. Analyzing the relationship between GDP dynamics and innovation variables in Ukraine rather weak association of innovations and economic development can be observed in most cases.
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