The Impact of Technology and Innovation on the Egyptian Economy

Document Type : Original Article

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Faculty of Political Science, Economics, and Business Administration at May University in Cairo (MUC)

Abstract

This study explores how technology and innovation contribute to economic transformation and boost productivity in Egypt. using the Autoregressive Distributed Lag (ARDL) method, research analyzes economic data from )2004-2023), Results indicate positive correlations between economic growth and factors such as R&D spending, institutional quality, and human capital. However, challenges in leveraging digital infrastructure were identified. Additionally, the study presented some recommendations aimed at enhancing the role of technology and innovation in the Egyptian economy, such as establishing a national innovation fund, launching a national project to develop the internet network, and creating specialized technology incubators. The study also suggested future research prospects.

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