Research Article

The Evolution Of Innovation Into Development: Income Distribution Balance

Volume: 7 Number: 2 December 30, 2022
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The Evolution Of Innovation Into Development: Income Distribution Balance

Abstract

With industrialization, the field of use of technology has expanded and new concepts have been derived with technology. Technology-oriented elements such as human capital wealth, R&D and innovation, which are in constant development, have a significant presence in the economic system. In addition to the fact that the effects of innovation on growth are increasing day by day, it is an important economic output of today's world where the way of production is also innovation-oriented. As a reflection of this situation, the impact of value added on growth has become more important. The transformation of growth into development with appropriate policies is one of the most important outputs for an economy. Achieving a fair income distribution balance with the development to be achieved is among the indispensable elements as a socio-economic indicator. This study examines the relationship between innovation, development and income distribution. The concepts of innovation, development and income distribution have been examined and some case studies have been made. While determining this situation, the applied results in the literature were used and a conclusion was formed using numerical data. It was observed that innovation significantly accelerates growth. It is also concluded that growth has significant effects on development within appropriate policies. It has also been observed that with innovation, countries leave the middle-income trap and enter the group of high-income countries and create a balanced income distribution.

Keywords

References

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Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Publication Date

December 30, 2022

Submission Date

September 24, 2022

Acceptance Date

November 26, 2022

Published in Issue

Year 2022 Volume: 7 Number: 2

APA
Budak, Y. (2022). The Evolution Of Innovation Into Development: Income Distribution Balance. JOEEP: Journal of Emerging Economies and Policy, 7(2), 325-333. https://izlik.org/JA92KB26GS
AMA
1.Budak Y. The Evolution Of Innovation Into Development: Income Distribution Balance. JOEEP. 2022;7(2):325-333. https://izlik.org/JA92KB26GS
Chicago
Budak, Yunus. 2022. “The Evolution Of Innovation Into Development: Income Distribution Balance”. JOEEP: Journal of Emerging Economies and Policy 7 (2): 325-33. https://izlik.org/JA92KB26GS.
EndNote
Budak Y (December 1, 2022) The Evolution Of Innovation Into Development: Income Distribution Balance. JOEEP: Journal of Emerging Economies and Policy 7 2 325–333.
IEEE
[1]Y. Budak, “The Evolution Of Innovation Into Development: Income Distribution Balance”, JOEEP, vol. 7, no. 2, pp. 325–333, Dec. 2022, [Online]. Available: https://izlik.org/JA92KB26GS
ISNAD
Budak, Yunus. “The Evolution Of Innovation Into Development: Income Distribution Balance”. JOEEP: Journal of Emerging Economies and Policy 7/2 (December 1, 2022): 325-333. https://izlik.org/JA92KB26GS.
JAMA
1.Budak Y. The Evolution Of Innovation Into Development: Income Distribution Balance. JOEEP. 2022;7:325–333.
MLA
Budak, Yunus. “The Evolution Of Innovation Into Development: Income Distribution Balance”. JOEEP: Journal of Emerging Economies and Policy, vol. 7, no. 2, Dec. 2022, pp. 325-33, https://izlik.org/JA92KB26GS.
Vancouver
1.Yunus Budak. The Evolution Of Innovation Into Development: Income Distribution Balance. JOEEP [Internet]. 2022 Dec. 1;7(2):325-33. Available from: https://izlik.org/JA92KB26GS

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