Year: 2024
Type: article
Study design: Observational Study
Abstract: This study examines the impact of research and development (R&D) investment on economic growth and industrial competitiveness in Indonesia, focusing on 55 industrial sectors. Using a quantitative approach, data were collected through a structured Likert scale survey and analyzed with SPSS version 26. The results demonstrate a significant positive relationship between R&D investment and both economic growth and industrial competitiveness. Regression analysis reveals that R&D investment accounts for 58% of the variance in economic growth and 62% of the variance in industrial competitiveness. These findings highlight the pivotal role of R&D in fostering innovation, enhancing productivity, and achieving global competitiveness. Policymakers and industry stakeholders are encouraged to prioritize R&D funding to drive sustainable economic development in Indonesia.
Author: Loso Judijanto
Language: English
Topic: Innovation Policy and R&D
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405338183