CONNECTING INNOVATION AND ECONOMIC PROSPERITY: THE IMPACT OF R&D EXPENDITURES ON ECONOMIC GROWTH

CONNECTING INNOVATION AND ECONOMIC PROSPERITY: THE IMPACT OF R&D EXPENDITURES ON ECONOMIC GROWTH

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The role of research and development (R&D) as a main foundation of innovation, productivity improvement, and a key element for national competitive advantage in the global economy is well established.This study aims to examine the relationship between R&D investment and economic Wireless Cameras growth through empirical analysis using panel regression techniques.Our results reveal that human capital specialised in science and technology significantly contributes to economic growth.

Overall, innovation and a well-educated workforce are helpful in achieving sustainable development.Our model provides a Collections statistically valid framework for analysing economic growth, enabling the formulation of sound policy recommendations while accounting for potential biases commonly found in panel data analysis.