{"id":23813,"date":"2021-08-24T08:01:19","date_gmt":"2021-08-24T08:01:19","guid":{"rendered":"https:\/\/codeandpepper.com\/?p=23813"},"modified":"2022-05-27T06:53:39","modified_gmt":"2022-05-27T06:53:39","slug":"how-do-research-and-development-affect-economic-growth","status":"publish","type":"post","link":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/","title":{"rendered":"How Do Research and Development Affect Economic Growth?"},"content":{"rendered":"\n<p>Significantly. Research and development (R&amp;D) drive the economy through innovation. That attracts talents that push new products and services even further, expanding the internal market and creating value for export. Finally, research and development positively affect business across the board \u2013 from internal processes, through new hires, ending with a long-term strategy for growth. <strong>How do research and development affect productivity and what should you do to make it happen?<\/strong><\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg\" alt=\"How does research and development affect economic growth\" class=\"wp-image-24394\" width=\"864\" height=\"450\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth-300x156.jpeg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth-361x188.jpeg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth-192x100.jpeg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth-720x375.jpeg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth-432x225.jpeg 432w\" sizes=\"auto, (max-width: 864px) 100vw, 864px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-purpose-of-research-and-development\">What is the purpose of research and development?<\/h2>\n\n\n\n<p>The standard answer would be growth. Countries\u2019 economies, as well as organizations, simply want to make more money and be more effective at getting them. Side effects of investing in it range and are vital to business:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>optimization of internal processes<\/li><li>a better understanding of business vision<\/li><li>clear framing of business justification behind product development<\/li><li>attracting talent that further the organization on the way of business efficiency<\/li><li>increased profitability<\/li><li>built or enhanced brand recognition<\/li><li>lower cost of recruitment and customer acquisition<\/li><li>turning company into a magnet for external financing and investment<\/li><li>smoother path for entering new markets<\/li><li>potential for creating at least one unique selling product for the product at hand<\/li><li>funding through tax relief<\/li><li>activating dormant in-house talents that need challenges and opportunities<\/li><\/ul>\n\n\n\n<p>All these factors directly improve the company. The purpose of research and development is not only to figure out how to build a machine or fix advanced <a href=\"https:\/\/codeandpepper.com\/services\/end-to-end-development\">software development<\/a> challenges. In reality, <strong>it should be a way to steadily introduce change to the organization<\/strong>. Either through making physical products or means to improve them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-are-research-and-development-important-in-a-business\">Why are research and development important in a business?<\/h2>\n\n\n\n<p>If you went through the paragraphs above, you could argue that nothing practical could be done to this list. If that\u2019s the case, we advise not to pursue a gambler\u2019s career path. There\u2019s something left and it deserves its own section in this article.&nbsp;<\/p>\n\n\n\n<p><strong>Market reputation.<\/strong> There is no company in the world that can do it all. Even with the best engineers the money can buy. Companies can hire top talents but due to limited internal skill set or capacity, they have to partner up with someone. Collaborating with a trusted partner gives firms the opportunity to make products faster and with a new perspective.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-translating-it-for-the-fintech-world\">Translating it for the FinTech world<\/h3>\n\n\n\n<p><strong>How do research and development affect productivity in FinTech?<\/strong> For example, through the development of a minimum viable product (MVP). By making something really quick, you can test ideas on the market and their reception by the customers. An MVP is not a complete product. It\u2019s a set of core functionalities that are tested for early adopters, brand fans, and users who want specific solutions right away. The rest \u2013 additional features and even some polish, can be done months down the road.<\/p>\n\n\n\n<p>It\u2019s not common for companies to use this tactic. As Reid Hoffman, an American investor once said:<\/p>\n\n\n\n<p>\u201c<em>If you are not embarrassed by the first version of your product, you\u2019ve launched too late<\/em>\u201d.<\/p>\n\n\n\n<p>Of course, nobody can afford to launch something that\u2019s half-baked and broken. The product has to be reliable but the idea behind it is simple. You are building only a fraction of what your intended product would be in the future. Or, most importantly, what you think it should be.<\/p>\n\n\n\n<p><strong>The purpose of research and development is not to satisfy you as an owner. <\/strong>You are not building an MVP for yourself but for the user. Through an MVP, you can learn about:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>customers (demographics, geographical location, spending habits, take on privacy, income status, etc.)<\/li><li>what the product is missing from their standpoint<\/li><li>their view on competition and similar solutions<\/li><li>why they are behaving in a certain way when using your product<\/li><li>reasons why they consider or even pay for your product<\/li><li>inefficiencies they find in competing applications<\/li><li>the reasons behind not becoming paying customers<\/li><\/ul>\n\n\n\n<p><strong>Research and development affect economic growth by letting you navigate the product and market landscape from a bird\u2019s eye view and from the trenches<\/strong>. All at the same time, with respected levels and timeframes in mind.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-research-and-development-affects-a-fintech-business\">How research and development affects a FinTech business?<\/h2>\n\n\n\n<p>We believe the best way to check that is to set a searchlight on the UK\u2019s financial services sector. Great Britain is one of the world\u2019s biggest FinTech hubs, with over 1600 companies to speak of. That\u2019s a lot of material to chew on and draw conclusions from.<\/p>\n\n\n\n<p><a href=\"https:\/\/europeanbusinessmagazine.com\/finance\/rd-spending-in-uk-financial-services-sector-soars-19-over-last-three-years\" rel=\"nofollow\">European Business Magazine<\/a> delivers interesting data. <strong>R&amp;D spending in the UK spiked to \u00a3690m in 2019, up from \u00a3581m in 2017. <\/strong>The annual R&amp;D spending has risen by 124% over the last 10 years. Why? Partially because of the fearless global competition. There are many companies out there that want a piece of the pie and the only way to stay ahead of them is to\u2026 well, be ahead in the first place.&nbsp;<\/p>\n\n\n\n<p>Between the UK, Singapore, Canada, Hong Kong, France, the US, and Nordics as the main areas for growth, we also have <a href=\"https:\/\/codeandpepper.com\/rise-of-african-neobanks\">Africa on the rise<\/a>. That\u2019s a lot of FinTech hubs and incubators that can spawn future stars. Some of them also come from <a href=\"https:\/\/codeandpepper.com\/fintech-accelerators-in-scotland\">Scotland<\/a>, <a href=\"https:\/\/codeandpepper.com\/fintech-accelerators-for-startups-in-zurich\">Zurich<\/a> or <a href=\"https:\/\/codeandpepper.com\/top-fintech-accelerators-in-berlin\">Berlin<\/a>. Accelerators in <a href=\"https:\/\/codeandpepper.com\/fintech-accelerators-in-london\">London<\/a> do a fantastic job to boost local initiatives but it might not be enough to compete globally.&nbsp;<\/p>\n\n\n\n<p><strong>The UK faces several major challenges:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>maintaining a leading role of its scale-up ecosystem<\/li><li>globally finding talents for local FinTech firms<\/li><li>improving the targeted approach to inbound and outbound FinTech<\/li><li>creation of national digital agenda that will impact the sector<\/li><li>creating a system that will drive awareness for the FinTech needs among consumers, small and medium companies (SMEs), corporate and government bodies<\/li><\/ul>\n\n\n\n<p>Why are we bringing up the UK example? Because if you think about it, at least some of these challenges apply to other regions as well. That means that <strong>R&amp;D policy is important for every financial technology company out there<\/strong>. Not only to build itself up but also to participate in an ecosystem that drives the entire sector. Locally and internationally.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-and-how-to-invest-in-research-and-development\">Why and how to invest in research and development?<\/h2>\n\n\n\n<p>One of the biggest current trends is fueling innovation by using intellectual <strong>property (IP) data<\/strong>. By using it, you can:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>identify marketable competitor white space<\/li><li>understand the market your competitors operate in<\/li><li>sizing up a portfolio with those of competitors<\/li><\/ul>\n\n\n\n<p>In the most simple terms, IP data gives you a keyhole you can look through. Without a deep understanding of what\u2019s going on in the market, you will face bottlenecks in running R&amp;D in your company. With these bottlenecks, you:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>can\u2019t be sure the decision you made are the right ones<\/li><li>will have problems identifying and investing in ideas that are commercially viable<\/li><li>will have problems with identifying and partnering up with the right <a href=\"https:\/\/codeandpepper.com\/services\/alternative-financing\">software provider<\/a><\/li><li>will have difficulties with <a href=\"https:\/\/codeandpepper.com\/price-optimisation-machine-learning\">pricing optimization<\/a><\/li><li>will get stuck with making an MVP or making a decision to create one<\/li><\/ul>\n\n\n\n<p>The main insights you may want to consider when looking for opportunities to grow:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>technologies offered or used by the competitors<\/li><li>the market value they present for the users<\/li><li>market sizing (is the FinTech subsector in a given country saturated or not?)<\/li><li>potential to involve VC investment, grants, research funding, or similar solutions<\/li><li>mergers and acquisitions<\/li><\/ul>\n\n\n\n<p>That\u2019s a lot of guesswork, research, and data mining, so the main question you may want to ask yourself is a simple one. Do you want to enter any given market or not? Stay clear of high-risk areas or build something where competition does not exist at scale and quality? Africa is a great example of that, just check our <a href=\"https:\/\/codeandpepper.com\/how-to-digitalise-financial-services-ask-me-anyfin-christian-kranicke\">interview with Christian Kranicke<\/a>, an industry veteran.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-think-forward-and-build-today\">Think forward and build today<\/h2>\n\n\n\n<p>So, <strong>what is the purpose of research and development?<\/strong> Growing a company and making it fit into a larger scheme of things. You can do it yourself but it\u2019s hard. Sometimes it\u2019s better to sit back and relax while others sweat to develop something. It can be code, it can be a <a href=\"https:\/\/codeandpepper.com\/tag\/digital-product-design\/\">digital product design<\/a>.&nbsp;<\/p>\n\n\n\n<p>Choose what you need but don\u2019t wait indefinitely. After all, paraphrasing what Reid Hoffman said, you don\u2019t want to be embarrassed for too long.<\/p>\n\n\n\n\n\n<section id=\"contact\" class=\"contact-block block common-block \">\n  <div class=\"container\">\n\n\n    \n  <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n\n<h2 class=\"block-title section-title\">\n  Let&#8217;s talk about your project<\/h2>\n\n\n  <div class=\"block-description typography-body\">\n    <p>We can help you grow your business. Contact us and let&#8217;s figure out tech details.<\/p>\n  <\/div>\n\n    \n          <div class=\"contact-block-person\">\n        <img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"90\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/Olga_Pogorzelska_online-6-90x90.png\" class=\"contact-block-person-image\" alt=\"\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/Olga_Pogorzelska_online-6-90x90.png 90w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/Olga_Pogorzelska_online-6-150x150.png 150w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/Olga_Pogorzelska_online-6-140x140.png 140w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/Olga_Pogorzelska_online-6-160x160.png 160w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/Olga_Pogorzelska_online-6-136x136.png 136w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/Olga_Pogorzelska_online-6.png 200w\" sizes=\"auto, (max-width: 90px) 100vw, 90px\" \/>        <div class=\"contact-block-person-text\">\n          <div class=\"typography-title-m\">\n            Olga Pogorzelska          <\/div>\n          <div class=\"typography-body-medium\">\n            New Business          <\/div>\n        <\/div>\n      <\/div>\n    \n\n    <form class=\"contact-form\" method=\"POST\" action=\"https:\/\/codeandpepper.com\/wp-admin\/admin-ajax.php\">\n            <amp-recaptcha-input layout=\"nodisplay\" name=\"recaptcha_token\" data-sitekey=\"6LeEo8cqAAAAABpahzrYQeEsO-xoutAjoIkrKpTB\" data-action=\"contact_block\"><\/amp-recaptcha-input>\n            <input type=\"hidden\" name=\"action\" value=\"contact_block_submit\" \/>\n      <input type=\"hidden\" name=\"block\" value=\"smallContactForm\" \/>\n      <input id=\"contact-email\" type=\"email\" name=\"email\" placeholder=\"Email\" class=\"gtm_form_input\" required>\n      <label for=\"contact-email\" class=\"contact-block-hidden-label\">Email<\/label>\n      <input id=\"contact-name\" type=\"text\" name=\"name\" placeholder=\"Full name\" class=\"gtm_form_input\" required>\n      <label for=\"contact-name\" class=\"contact-block-hidden-label\">\n        Full name      <\/label>\n\n      <input type=\"submit\" name=\"submit\" value=\"GET A QUOTE\" class=\"gtm_form_submit btn-big\">\n\n      <div submitting>\n      <\/div>\n      <div id=\"TYPSmallForm\" class=\"submit-msg submit-success\" submit-success>\n        <template type=\"amp-mustache\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"26\" height=\"26\" viewBox=\"0 0 26 26\">\n    <g fill=\"none\" fill-rule=\"evenodd\">\n        <g stroke=\"#FFF\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" transform=\"translate(1 1)\">\n            <path d=\"M17 8.5l-7.5 7L7 13\"\/>\n            <circle cx=\"12\" cy=\"12\" r=\"11.5\"\/>\n        <\/g>\n        <path d=\"M1 1h24v24H1z\"\/>\n    <\/g>\n<\/svg>\n          Your message has been sent. We will get back to you as soon as possible.\n        <\/template>\n      <\/div>\n      <div id=\"ErrorSmallForm\" class=\"submit-msg submit-error\" submit-error>\n        <template type=\"amp-mustache\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"25\" viewBox=\"0 0 25 25\">\n    <g fill=\"none\" fill-rule=\"evenodd\">\n        <g stroke=\"currentColor\" stroke-linejoin=\"round\">\n            <path stroke-linecap=\"round\" stroke-width=\"2\" d=\"M23.498 12.31c.105 6.075-4.923 11.086-10.998 11.192-6.074.104-10.893-4.734-10.998-10.81C1.396 6.619 6.426 1.606 12.5 1.502c6.074-.106 10.893 4.734 10.998 10.808zM12.5 14V7\"\/>\n            <path fill=\"currentColor\" stroke-width=\"1.5\" d=\"M13 17.5a.5.5 0 0 1-1 0 .5.5 0 0 1 1 0z\"\/>\n        <\/g>\n        <path d=\"M1 0h24v24H1z\"\/>\n    <\/g>\n<\/svg>\n          Oops! Something went wrong. Please try again later.\n        <\/template>\n      <\/div>\n    <\/form>\n\n\n  <\/div>\n<\/section>\n<style type=\"text\/css\">\n  #contact {\n    background: #009fe3;\n    color: #FFFFFF;\n  }\n\n  #contactsvg {\n    color: #ffffff;\n  }\n<\/style>\n\n<section id=\"related-posts-block_629074fab8722\" class=\"related-posts-block block common-block \">\n  <div class=\"container\">\n\n\n    \n  <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n\n<h2 class=\"block-title section-title\">\n  Related posts<\/h2>\n\n\n\n    <div>\n      <div class=\"related-posts\">\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/what-is-embedded-finance\/\" title=\"What Are the Embedded Finance Solutions?\">\n                What Are the Embedded Finance Solutions?              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"What Are the Embedded Finance Solutions?\" href=\"https:\/\/codeandpepper.com\/what-is-embedded-finance\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Embedded-finance-solutions.jpeg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"embedded finance solutions cover image\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Embedded-finance-solutions.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Embedded-finance-solutions-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Embedded-finance-solutions-192x100.jpeg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Embedded-finance-solutions-720x375.jpeg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Embedded-finance-solutions-432x225.jpeg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              FinTech companies look for fresh ways to increase revenue. Implementing their solutions in 3rd party applications is a natural way for growth.            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/what-is-embedded-finance\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/building-green-fintech-ask-me-anyfin-with-richard-peers\/\" title=\"Ask Me AnyFin with Richard Peers\">\n                Ask Me AnyFin with Richard Peers              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"Ask Me AnyFin with Richard Peers\" href=\"https:\/\/codeandpepper.com\/building-green-fintech-ask-me-anyfin-with-richard-peers\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07.jpg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"Ask Me AnyFin with Richard Peers: Building Green FinTech\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07.jpg 1200w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-300x157.jpg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-1024x536.jpg 1024w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-768x402.jpg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-361x189.jpg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-191x100.jpg 191w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-720x377.jpg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-864x452.jpg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/08\/Ask_Me_AnyFin_1200x628_07-432x226.jpg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              What is the real meaning of sustainability? And how does sustainability relate to economic growth? Check our interview with Richard Peers!            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/building-green-fintech-ask-me-anyfin-with-richard-peers\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/analytics-on-amazon-aws-big-data\/\" title=\"Data Analytics on AWS\">\n                Data Analytics on AWS              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"Data Analytics on AWS\" href=\"https:\/\/codeandpepper.com\/analytics-on-amazon-aws-big-data\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data.jpeg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"Analytics on Amazon - AWS big data\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data-80x42.jpeg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data-119x62.jpeg 119w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data-433x226.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data-192x100.jpeg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data-720x375.jpeg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/11\/AWS_Big_Data-432x225.jpeg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              Analytics on Amazon is key to success when going with AWS cloud. Mine these practical tips to make company&#8217;s growth easier.            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/analytics-on-amazon-aws-big-data\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n              <\/div>\n    <\/div>\n\n\n  <\/div>\n<\/section>\n\n<style type=\"text\/css\">\n  #related-posts-block_629074fab8722 {\n    background: ;\n    color: ;\n  }\n\n  #related-posts-block_629074fab8722 .block-title {\n    color: ;\n  }\n<\/style>","protected":false},"excerpt":{"rendered":"<p>Significantly. Research and development (R&amp;D) drive the economy through innovation. That attracts talents that push new products and services even further, expanding the internal market and creating value for export. Finally, research and development positively affect business across the board \u2013 from internal processes, through new hires, ending with a long-term strategy for growth. How<a class=\"moretag\" href=\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\"> Read the full article&#8230;<\/a><\/p>\n","protected":false},"author":20413,"featured_media":24394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1688],"tags":[1633,1654,1652],"class_list":["post-23813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech-business","tag-fintech-investment","tag-fintech-software-development","tag-fintech-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How does research and development affect economic growth? | Code &amp; Pepper<\/title>\n<meta name=\"description\" content=\"How do research and development affect economic growth? Perhaps it&#039;s best answered with reasons behind R&amp;D, and there are many.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does research and development affect economic growth? | Code &amp; Pepper\" \/>\n<meta property=\"og:description\" content=\"How do research and development affect economic growth? Perhaps it&#039;s best answered with reasons behind R&amp;D, and there are many.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Code &amp; Pepper\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/codeandpepper\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-24T08:01:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-27T06:53:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jaros\u0142aw \u015aci\u015blak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@codeandpepper\" \/>\n<meta name=\"twitter:site\" content=\"@codeandpepper\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jaros\u0142aw \u015aci\u015blak\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\"},\"author\":{\"name\":\"Jaros\u0142aw \u015aci\u015blak\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885\"},\"headline\":\"How Do Research and Development Affect Economic Growth?\",\"datePublished\":\"2021-08-24T08:01:19+00:00\",\"dateModified\":\"2022-05-27T06:53:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\"},\"wordCount\":1382,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/codeandpepper.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg\",\"keywords\":[\"FinTech investment\",\"FinTech software development\",\"FinTech trends\"],\"articleSection\":[\"FinTech Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\",\"url\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\",\"name\":\"How does research and development affect economic growth? | Code & Pepper\",\"isPartOf\":{\"@id\":\"https:\/\/codeandpepper.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg\",\"datePublished\":\"2021-08-24T08:01:19+00:00\",\"dateModified\":\"2022-05-27T06:53:39+00:00\",\"description\":\"How do research and development affect economic growth? Perhaps it's best answered with reasons behind R&D, and there are many.\",\"breadcrumb\":{\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage\",\"url\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg\",\"contentUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg\",\"width\":864,\"height\":450,\"caption\":\"Why is research and development important in a business\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/codeandpepper.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Do Research and Development Affect Economic Growth?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/codeandpepper.com\/#website\",\"url\":\"https:\/\/codeandpepper.com\/\",\"name\":\"Code & Pepper\",\"description\":\"FinTech Developers\",\"publisher\":{\"@id\":\"https:\/\/codeandpepper.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/codeandpepper.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/codeandpepper.com\/#organization\",\"name\":\"Code & Pepper\",\"url\":\"https:\/\/codeandpepper.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png\",\"contentUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png\",\"width\":319,\"height\":144,\"caption\":\"Code & Pepper\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/codeandpepper\/\",\"https:\/\/x.com\/codeandpepper\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885\",\"name\":\"Jaros\u0142aw \u015aci\u015blak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g\",\"caption\":\"Jaros\u0142aw \u015aci\u015blak\"},\"description\":\"Branding, marketing, business scaling, content &amp; company culture specialist. Over 20 years of experience in marketing, strategy, and writing. Learn more by visiting: scislak.com\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jaroslawscislak\"],\"url\":\"https:\/\/codeandpepper.com\/author\/jarek-scislak\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How does research and development affect economic growth? | Code & Pepper","description":"How do research and development affect economic growth? Perhaps it's best answered with reasons behind R&D, and there are many.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/","og_locale":"en_US","og_type":"article","og_title":"How does research and development affect economic growth? | Code & Pepper","og_description":"How do research and development affect economic growth? Perhaps it's best answered with reasons behind R&D, and there are many.","og_url":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/","og_site_name":"Code &amp; Pepper","article_publisher":"https:\/\/www.facebook.com\/codeandpepper\/","article_published_time":"2021-08-24T08:01:19+00:00","article_modified_time":"2022-05-27T06:53:39+00:00","og_image":[{"width":864,"height":450,"url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg","type":"image\/jpeg"}],"author":"Jaros\u0142aw \u015aci\u015blak","twitter_card":"summary_large_image","twitter_creator":"@codeandpepper","twitter_site":"@codeandpepper","twitter_misc":{"Written by":"Jaros\u0142aw \u015aci\u015blak","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#article","isPartOf":{"@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/"},"author":{"name":"Jaros\u0142aw \u015aci\u015blak","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885"},"headline":"How Do Research and Development Affect Economic Growth?","datePublished":"2021-08-24T08:01:19+00:00","dateModified":"2022-05-27T06:53:39+00:00","mainEntityOfPage":{"@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/"},"wordCount":1382,"commentCount":0,"publisher":{"@id":"https:\/\/codeandpepper.com\/#organization"},"image":{"@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg","keywords":["FinTech investment","FinTech software development","FinTech trends"],"articleSection":["FinTech Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/","url":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/","name":"How does research and development affect economic growth? | Code & Pepper","isPartOf":{"@id":"https:\/\/codeandpepper.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage"},"image":{"@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg","datePublished":"2021-08-24T08:01:19+00:00","dateModified":"2022-05-27T06:53:39+00:00","description":"How do research and development affect economic growth? Perhaps it's best answered with reasons behind R&D, and there are many.","breadcrumb":{"@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#primaryimage","url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg","contentUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2021\/07\/How-Does-Research-and-Development-Affect-Economic-Growth.jpeg","width":864,"height":450,"caption":"Why is research and development important in a business"},{"@type":"BreadcrumbList","@id":"https:\/\/codeandpepper.com\/how-do-research-and-development-affect-economic-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/codeandpepper.com\/"},{"@type":"ListItem","position":2,"name":"How Do Research and Development Affect Economic Growth?"}]},{"@type":"WebSite","@id":"https:\/\/codeandpepper.com\/#website","url":"https:\/\/codeandpepper.com\/","name":"Code & Pepper","description":"FinTech Developers","publisher":{"@id":"https:\/\/codeandpepper.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/codeandpepper.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/codeandpepper.com\/#organization","name":"Code & Pepper","url":"https:\/\/codeandpepper.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/","url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png","contentUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png","width":319,"height":144,"caption":"Code & Pepper"},"image":{"@id":"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/codeandpepper\/","https:\/\/x.com\/codeandpepper"]},{"@type":"Person","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885","name":"Jaros\u0142aw \u015aci\u015blak","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g","caption":"Jaros\u0142aw \u015aci\u015blak"},"description":"Branding, marketing, business scaling, content &amp; company culture specialist. Over 20 years of experience in marketing, strategy, and writing. Learn more by visiting: scislak.com","sameAs":["https:\/\/www.linkedin.com\/in\/jaroslawscislak"],"url":"https:\/\/codeandpepper.com\/author\/jarek-scislak\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/23813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/users\/20413"}],"replies":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/comments?post=23813"}],"version-history":[{"count":8,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/23813\/revisions"}],"predecessor-version":[{"id":36717,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/23813\/revisions\/36717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/media\/24394"}],"wp:attachment":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/media?parent=23813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/categories?post=23813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/tags?post=23813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}