Abidova Shahnoza Abduvaliyevna
Lecturer of the Department of Economic Theory
E-mail: abidovashahnoza1987@gmail.com
ORCID: 0009-0002-2095-6723
Abstract:This article examines the impact of investment and innovation activity on stable macroeconomic growth from both theoretical and practical perspectives. Under the conditions of a modern economy, the limitations of traditional growth factors are substantiated, while long-term growth is shown to be directly linked to technology, knowledge, and innovation. The study analyzes neoclassical and endogenous growth theories and identifies the interrelationship between investment and innovation activity. The article highlights the role of investments in expanding production capacity, as well as the impact of innovations on labor productivity and resource efficiency. Furthermore, it is scientifically justified that innovative investments, compared to traditional capital investments, ensure long-term economic growth. The research findings demonstrate that harmonizing investment policy with an innovation-driven development strategy is a key prerequisite for achieving sustainable macroeconomic growth.
Keywords: macroeconomic growth, investments, innovations, sustainable development, human capital, technological progress, endogenous growth, investment policy.