The impact of innovation on economic growth in Germany for the period (2010-2020)

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This paper studies the relationship of innovation and economic growth in Germany from 2010-2020. We show how the relationship of economic growth rates relates to R&D expenditure, patenting, high-tech exports and number of researchers, as innovation indicator variables. The results on the impact of R&D expenditure on the economic growth support the view above shown by a statistical significance, whereas the relationship with the patent, the high-tech export towards the economic growth was statistically insignificant. Conversely, findings revealed that negative researchers showed a struggle with converting human capital to too much economic gains. The report found that if the results of these investments are taken into account, the renewal of innovation policies and investments in specialized human capital will have significant economic impact.