The Importance of Having the Global Innovation Index and its Effect on Economic Growth in Palestine
DOI:
https://doi.org/10.33977/1760-009-021-006Keywords:
Global Innovation Index (GII), , economic growth, innovationAbstract
Objectives: The study aimed to conduct a literature review on the definition and significance of the Global Innovation Index (GII). Also, to investigate the impact of the GII on economic growth by highlighting the importance of global innovation indicators for countries. The study emphasizes the role of the GII in assessing a country's development and economic growth.
Methods: The study adopted the descriptive analytical approach, including a literature review of published studies and economic theories related to the GII and its impact on economic growth. Then analyze the findings and data presented in patents and analysis of the reality of technology and innovation in Palestine in promoting innovation and economic development.
Results: The GII has a significant impact on economic growth and development. Education and investment in research and development are crucial in promoting innovation and driving economic growth. Establishing a GII for Palestine is necessary to assess its economic growth and innovation capabilities.
Conclusions: The study underscores the importance of the GII in driving economic growth through innovation. It emphasizes the need for Palestine to establish its own GII to evaluate its development and position compared to other countries, which would provide valuable insights for policymakers and stakeholders.
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