From R&D to Innovation and Economic Growth : An Empirical-Based Analysis from Top Five Most Innovative Countries of the World

This paper discusses the linkage between innovation and the economic growth of a country and what are the factors that shape largely the technology and technological advances of a country. We look at the effect of innovation policies in Pakistan on developing the innovation system and on innovation spillover effects at organizational and institutional levels.The present study undertakes the world’s most innovative countries for finding the relationship between R&D, innovation and economic growth. Among the countries discussed are Sweeden, Switzerland, and the United Kingdom