Does Innovative Development Cause Economic Growth? Study on Evidence from South Korea
Laylokhon Islomova Boxodir qizi -Master's student, University of World Economics and Diplomacy, Uzbekistan, TashkentSultanova Gavhar Karimovna -
ABI
Abstract
This article examines the connection between innovation and economic growth through the example of South Korea, a nation that has effectively transformed its economy via proactive innovation policies. The authors perform an econometric analysis to evaluate the influence of innovation on crucial economic development indicators. Their research demonstrates a significant relationship between innovation and GDP growth, highlighting the vital role of innovation in fostering a sustainable and prosperous future.
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