Research and development as a driver of innovation and economic growth; case of developing economies

The goal of this research is to uncover the channels through which research and development (R&D) impacts economic growth in developing countries. The study employed nine variables from three broader categories in the World Economic Forum database, each covering 32 countries from the lower-middle-income group for the year 2019. The theoretical framework is based on the R&D ecosystem, which includes components such as Institutions, Human capital, Capital market, R&D, and Innovation. Each of these...