Innovation and Human Development Perspectives in West Africa

Abstract

Innovation during this era of globalization plays a crucial role in the growth and development of an economy. This study empirically investigates the role of research and development (innovation) on human development in West Africa (2004—2014). The estimation techniques utilized to carry out the objective are the standard variations of the Generalized least squares—Panel Fixed and Panel Random effects estimation techniques. The empirical results show that research and development in West Africa has a statistically significant positive impact on human development which emphasizes the potentials of human development to be harnessed by consistent research and development. The study recommends increased research and development (innovation) through adequate research and development funding and university-industry partnership for real human development problems to be solved.