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The Impact of Digitalization on Innovation: Evidence From Eurozone Countries
Abstract
Today, the relationship between science and technology is one of mutual interaction, with technology developing on the basis of science, and developing technology opening up new fields of science, which in turn play a driving role in new technologies and innovative activities. The decisive role of science and technology in the process of economic development increases day by day and it is seen that all countries are in an increasingly intense search for science and technology policy. In the rapidly globalizing world economy, countries' conscious efforts and policy-making searches are intensifying on scientific and technological advances, which are among the main factors determining the competitive advantage of nations. In this study, the impact of digitalization on innovation for Euro Area countries is determined using panel regression. As a result of the analysis, it was determined that digitalization indicators have a statistically significant positive relationship on innovation.
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