المستخلص: |
This study aims to measure the impact of innovation on economic development in Algeria, Tunisia, Morocco, Egypt, United Arab Emirates, Kuwait, and Saudi Arabia during the period (2007-2016). The Global Innovation Index has been relied upon as a basis determinant for the level of innovation because this index incorporates multiple composite indicators that go beyond traditional measurements of innovation,such as R & D expenditures, the number of trademarks and patents. The impact of innovation has been measured on the following independent variables: per capita GDP growth, unemployment rate and human development index, as indicators that measure the economic developmentl evels.The economic measurement of the Panel data was used depending on the on seemingly unrelated regression equations (SURE) model and mean group panel method. The study concluded that there is a positive effect of innovation on the growth of GDP per capita as well as unemployment. The results also indicate the role of innovation in improving human development levels and the competitiveness of Arab economies.
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