Vector autoregressive

Purpose : Due to its socio-cultural effects, the development of communication technologies—and the consequent growth of areas such as the innovative economy—has become one of the most significant drivers of change within the economic sector and business landscape. The digital economy has fundamentally transformed how companies produce and market goods and services, giving rise to new business models across various industries. This study seeks to analyze the effectiveness of business intelligence adoption in Hamedan Province. Method : This research examines variables including per capita GDP growth, number of internet users, population growth rate, gross fixed capital formation, government consumption expenditure, mobile cellular subscriptions, and fixed broadband subscriptions. Findings : Analysis of key variables indicates that innovative economic indicators, along with increases in government consumption expenditure, positively contribute to economic growth in Hamedan Province. Moreover, shocks in gross capital formation within most business environments are found to stimulate economic growth, supporting long-term development in the region. Conclusion : The interdependence of economic sectors and their growing reliance on information and communication technologies emphasize the crucial role of an innovation-driven economy in the province’s development. These findings highlight the urgency of integrating technological innovation to foster production growth.