INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Vol. 1 No. 3 (2024): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)

INNOVATION AND TECHNOLOGY IN RURAL ECONOMIC DEVELOPMENT: A LITERATURE REVIEW OF GLOBAL PRACTICES

Zeni Zainal Muis (Universitas Kahuripan Kediri)
Dina Octaviani (Magister Manajemen Pasca Sarjana Universitas Panca Bhakti)
Sigit Sugiardi (Magister Pengelolaan Sumber Daya Alam Pasca Sarjana Universitas Panca Bhakti)



Article Info

Publish Date
17 Feb 2026

Abstract

This article examines the role of innovation and technology in rural economic development through a literature review of global practices. It is found that digital technologies, precision agriculture and renewable energy contribute significantly to increased productivity, efficiency and sustainability in rural areas. Conducive government and policy support is also needed to encourage technology adoption through investments in infrastructure, technical training and access to finance. In addition, participatory approaches involving local communities are strongly encouraged to ensure innovations are appropriate to local needs and culture. With that, the importance of innovation and technology in empowering rural communities and reducing economic disparities between urban and rural areas.

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Journal Info

Abbrev

IJEFE

Publisher

Subject

Economics, Econometrics & Finance

Description

INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE) is a scientific journal that publishes articles in the field of Business and finance that contain conceptual ideas in the fields of Economics, Accounting, Management, Business and finance. The scope is Human Resource Management, Marketing ...