Երկրների նորարարական զարգացման ազդեցությունը աշխատանքի արտադրողականության վրա / Impact of Innovation Development of Countries on Labour Productivity

Abstract

From the point of view of the development of current economies and, first of all, ensuring the continuous growth of well-being, the sustained increase in labor productivity is important. However, what factors influence the change in productivity? They are numerous, and one of them is certainly innovation which continues to radically change the life of humanity in the 21st century. Therefore, the impact of changes in the Global Innovation Index, which describes the level of innovation development of countries, on labor productivity is of great interest. The paper analyzed data from 125 countries included in the research of the World Intellectual Property Organization as of 2022. Countries were grouped by income. The results of the econometric analysis showed that an increase in the Global Innovation Index by one percentage point leads to an increase in labor productivity in the groups of low, mediumlow, medium-high and high-income countries by 0.08, 0.37, 0.57 and 0.73% respectively. Thus, the level of development of innovation systems in low-income countries has almost no effect on labor productivity, while in high-income countries this effect is the greatest.