Effects of economic innovation on the growth and development of OECD countries

Abstract

Economic and Macroeconomic Policy Study to analyze how innovation and digitization have impacted developed economies, resulting in key factors to improve their level of well-being. After presenting a synthesis of the main theoretical frameworks in this regard, we proceed to systematize and compare the results obtained during the fourth industrial revolution, by addressing variables such as the level of digitization, R+D+i and its institutional framework. It is thus intended to clarify a series of paradoxes about the digital transition, as well as the study of new tools in the digital financial field, such as the case of cryptocurrencies or cryptoactives. Economic policies have been very diverse within these countries, where models such as liberal, conservative, or social democrat are mostly taken, with different effects on their economic results. In addition, we will also make a brief reference to the influence that the use of some intelligence tools is having in some OECD countries, and determine if its effects are being adequate, or if it is necessary to continue working to achieve the goals proposed by different political programs. Following the analysis carried out, we will make a series of decisions about whether the OECD countries are obtaining the desired results.