International Conference on Economics and Administ
Research Name
The Effect of Technological Innovation on Economic Growth: The Jordanian Economy Case
Session Place
Zarqa University
Date Of Publication
2023.04.04
Abstract
- The use of technological innovation in different sectors is expected to have a direct impact on economic growth. Technological innovation has been driving economic growth and development since the industrial revolution. This secondary research undertaken using a systematic review of published articles shows that Jordan has a relatively weak but positively significant association between technological innovation use and job creation through reduced unemployment. Technological innovation also seems to be labor intensive in Jordan unlike in other countries but this may be attributed to the relatively low R&D spending and innovation outputs. Recommendations for policymakers include the need for investment in R&D as well as education. Innovators in Jordan should get support from the government through incubation centers and partnerships between industry and educational institutions.