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Sustainability-oriented innovation system and economic stability of the innovative countries
Novelcoronavirus-19 has created a challenging situation for developed as well as developing countries to sustain economic stability. There are a lot of controversies for policymakers to formulate an effective policy for reviving economic stability and minimizing the economic effects of this pandemic...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Frontiers Media S.A.
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10325637/ https://www.ncbi.nlm.nih.gov/pubmed/37427266 http://dx.doi.org/10.3389/fpubh.2023.1138034 |
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author | Manzoor, Faiza Wei, Longbao Subhan, Qazi Abdul Siraj, Mahwish |
author_facet | Manzoor, Faiza Wei, Longbao Subhan, Qazi Abdul Siraj, Mahwish |
author_sort | Manzoor, Faiza |
collection | PubMed |
description | Novelcoronavirus-19 has created a challenging situation for developed as well as developing countries to sustain economic stability. There are a lot of controversies for policymakers to formulate an effective policy for reviving economic stability and minimizing the economic effects of this pandemic. The present study focuses on the internal mechanism of the Sustainability Oriented Innovation System and its subsequent effects on economic stability in most innovative economies. For empirical analysis of the most innovative countries (12 countries) high-income, middle-income, low-income, and lower-middle-income countries are selected. The Sustainability Oriented Innovation System is represented through the innovation input index and innovation output index. Economic stability is measured through the GDP growth rate of respective countries. A set of panel data was developed for the period of 11 years and Fixed Effect Methods were used to ascertain the empirical findings. The outcomes indicate that innovation is the main force of economic stability. The study’s results are important to policymakers to promote, stimulate and support economic stability through their strategies. Future studies may focus on the effects of the Sustainability Oriented Innovation System on economic stability in regional blocks like the EU, ASEAN, and G-20 countries. |
format | Online Article Text |
id | pubmed-10325637 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
spelling | pubmed-103256372023-07-07 Sustainability-oriented innovation system and economic stability of the innovative countries Manzoor, Faiza Wei, Longbao Subhan, Qazi Abdul Siraj, Mahwish Front Public Health Public Health Novelcoronavirus-19 has created a challenging situation for developed as well as developing countries to sustain economic stability. There are a lot of controversies for policymakers to formulate an effective policy for reviving economic stability and minimizing the economic effects of this pandemic. The present study focuses on the internal mechanism of the Sustainability Oriented Innovation System and its subsequent effects on economic stability in most innovative economies. For empirical analysis of the most innovative countries (12 countries) high-income, middle-income, low-income, and lower-middle-income countries are selected. The Sustainability Oriented Innovation System is represented through the innovation input index and innovation output index. Economic stability is measured through the GDP growth rate of respective countries. A set of panel data was developed for the period of 11 years and Fixed Effect Methods were used to ascertain the empirical findings. The outcomes indicate that innovation is the main force of economic stability. The study’s results are important to policymakers to promote, stimulate and support economic stability through their strategies. Future studies may focus on the effects of the Sustainability Oriented Innovation System on economic stability in regional blocks like the EU, ASEAN, and G-20 countries. Frontiers Media S.A. 2023-06-22 /pmc/articles/PMC10325637/ /pubmed/37427266 http://dx.doi.org/10.3389/fpubh.2023.1138034 Text en Copyright © 2023 Manzoor, Wei, Subhan and Siraj. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. |
spellingShingle | Public Health Manzoor, Faiza Wei, Longbao Subhan, Qazi Abdul Siraj, Mahwish Sustainability-oriented innovation system and economic stability of the innovative countries |
title | Sustainability-oriented innovation system and economic stability of the innovative countries |
title_full | Sustainability-oriented innovation system and economic stability of the innovative countries |
title_fullStr | Sustainability-oriented innovation system and economic stability of the innovative countries |
title_full_unstemmed | Sustainability-oriented innovation system and economic stability of the innovative countries |
title_short | Sustainability-oriented innovation system and economic stability of the innovative countries |
title_sort | sustainability-oriented innovation system and economic stability of the innovative countries |
topic | Public Health |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10325637/ https://www.ncbi.nlm.nih.gov/pubmed/37427266 http://dx.doi.org/10.3389/fpubh.2023.1138034 |
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