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Global Perspectives on Government Support for Research and Development: Implications for Economic Growth and Innovation
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Author(s): Hamed Taherdoost (University Canada West, Canada & Global University Systems, UK & Hamta Business Corporation, Canada & Quark Minded Technology Inc., Canada), Carlos Jesus Zamarron Vieyra (University Canada West, Canada), Danna Aracely Sifuentes Vasallo (University Canada West, Canada), Harshkumar Maheshkumar Buha (University Canada West, Canada), Anel Lopez Santillan (University Canada West, Canada), Rodrigo Alexander Cortez Solano (University Canada West, Canada), Bryan Reinlein Duarte (University Canada West, Canada), Paula Catalina Londoño Pulido (University Canada West, Canada), Nadia Gonzalez (University Canada West, Canada), Luis Felipe Gonzalez Palacios (University Canada West, Canada), Victor Rivera (University Canada West, Canada)and Edith Puga Madrigal (University Canada West, Canada)
Copyright: 2025
Pages: 26
Source title:
Mastering Innovation in Business
Source Author(s)/Editor(s): Hamed Taherdoost (University Canada West, Canada & Global University Systems, UK & Hamta Business Corporation, Canada & Quark Minded Technology Inc., Canada)
DOI: 10.4018/979-8-3693-3759-2.ch006
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Abstract
This chapter explores a comparative analysis of government support for research and development (R&D) and its impact on gross domestic product (GDP) growth across diverse countries, including Peru, Nepal, Pakistan, and Nigeria. By examining R&D policies, practices, and outcomes in these nations, the study aims to elucidate the complex relationship between government initiatives and economic metrics. Key findings highlight the importance of tailored R&D strategies, tax incentives, and funding mechanisms in driving innovation, job creation, and industrial competitiveness. Insights from this analysis offer valuable guidance for policymakers, stakeholders, and researchers seeking to foster sustainable economic development through effective R&D interventions. The case studies presented underscore the critical role of government support in shaping innovation ecosystems and advancing inclusive, innovation-driven economies.
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