IMPACT OF INNOVATIVE ECONOMY ON ECONOMIC DEVELOPMENT

Authors

  • Xamidov Samariddin Ziyotovich Master of Tashkent International University of Financial Management and Technologies

Keywords:

Innovation economy, economic growth, competitiveness, research and development (r&d), intellectual capital, technological progress, innovation policy, knowledge-based economy, innovation infrastructure.

Abstract

This article explores the concept of the innovation-driven economy, its key features, and its impact on economic development. The author analyzes how innovations contribute to increased labor productivity, the creation of new jobs, the expansion of export potential, and regional growth. Special attention is given to the experience of developing countries, particularly the Republic of Uzbekistan, in building an innovation-based economy. The article highlights the role of innovation as a critical driver of sustainable economic growth and presents relevant conclusions based on both theoretical and practical perspectives.

References

Official website of the Ministry of Innovative Development of the Republic of Uzbekistan. [Electronic resource]: www.mininnovation.uz

President of the Republic of Uzbekistan. Resolution No. PQ-3920 dated September 21, 2018 “On the Strategy of Innovative Development” // www.lex.uz

Abdullaeva, M. (2022). Development of the innovative economy in Uzbekistan: problems and solutions. // Journal “Economy and Education”. – 2022. – No. 2. – P. 34–40.

Karimov A. et al. (2021). Innovation activity and its impact on economic development. – Tashkent: Economics and Finance Publishing House, 2021.

Statistical Agency of the Republic of Uzbekistan. – [Electronic resource]: www.stat.uz

Solow R. A Contribution to the Theory of Economic Growth // The Quarterly Journal of Economics. – 1956. – No. 70. – P. 65–94.

OECD. Innovation and Economic Growth. – Paris: OECD Publishing, 2023. – [Electronic resource]: www.oecd.org

The World Bank. The Innovation Imperative in Developing Economies. – Washington, D.C., 2022. – [Electronic resource]: www.worldbank.org

UNDP. Human Development Report 2021/2022. – New York: United Nations Development Programme, 2021.

Downloads

Published

2025-04-25

How to Cite

Xamidov Samariddin Ziyotovich. (2025). IMPACT OF INNOVATIVE ECONOMY ON ECONOMIC DEVELOPMENT. Ethiopian International Multidisciplinary Research Conferences, 443–448. Retrieved from https://www.eijmr.org/conferences/index.php/eimrc/article/view/661

Issue

2025: Ethiopian International Multidisciplinary Research Conferences

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.