The paper aims to assess the impact of research and development on innovativeness of the country as research and development is one of the main drivers of economic development and creation of modern knowledge based economy stipulating efficient use of natural resources and reducing negative...

This paper studies the global synchronicity of technology and its impact on the economy. We employ dynamic factor analysis to decompose patent data in different digital technologies for various countries into global and country-specific factors. Our findings confirm the existence of global and...

the economy is a deterministic chaotic system, in line with the characteristics of aperiodicity, predictability and dependence sensitive to initial conditions. The 1990-2010 dataset for the HDI (Human Development Index) published by the UNDP is used to model the behaviour of the level of...