The Effect of Innovation Indicators on Wealth Selected Science-Producing Countries

Examining the wealth of countries provides an opportunity to reveal the accumulated capacities and resources and reveal the real potential of countries and their sustainable development path; Because it strongly affects the welfare level of societies. However, in some countries, the growth of wealth is disappointing and inconsistent with their existing capacities. On the other hand, in the present time, wealth creation in today's world through knowledge, expertise and innovation has a very key role and needs a lot of attention; Therefore, it seems necessary to investigate the reasons for the gap between rich and poor countries.

The current research is applied in terms of its purpose and analytical-descriptive in terms of data collection, and the relationship between the variables has been investigated using secondary statistics. For this purpose, the statistical population of the research includes the top 50 science-producing countries based on the 2021 report of the Cymago ranking system, among which 48 countries have been selected as a statistical sample. The purpose of the research is to investigate the impact of innovation indicators on the wealth of 48 selected science-producing countries during the period The time period is 2011-2020 using panel data approach and the method of generalized moments and using Eviews software.

The current research aims to investigate the impact of innovation indicators on the wealth of 48 selected science-producing countries, which were selected according to the Scimago ranking system, during the period of 2011-2020, using secondary data and the panel data approach, and by the method of generalized moments.

Based on the findings of the research, it was found that in response to the dynamics of countries' wealth, innovation is the key to turning knowledge into wealth.