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Validating the dynamic relationship between technological innovation and economic growth in Malaysia

Technological innovation is a dynamic growth factor to achieve sustainable development. This study aims to explore the long- and short-run relationship between technological innovation and Malaysia�s sustainable growth from 1980 to 2015. Augmented Cobb-Douglas production function is used to scale th...

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Main Authors: Bekhet H.A., Latif N.W.A.
Other Authors: 37100908800
Format: Article
Published: Inderscience Publishers 2023
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spelling my.uniten.dspace-249522023-05-29T15:29:21Z Validating the dynamic relationship between technological innovation and economic growth in Malaysia Bekhet H.A. Latif N.W.A. 37100908800 37101165500 Technological innovation is a dynamic growth factor to achieve sustainable development. This study aims to explore the long- and short-run relationship between technological innovation and Malaysia�s sustainable growth from 1980 to 2015. Augmented Cobb-Douglas production function is used to scale the technological innovation and economic growth link. The F-bounds test and VECM Granger causality are employed. The dynamic relationships among the gross domestic product, capital, employment, electricity consumption, technological innovation, technological innovation squared and governance institution quality variables; and the nonlinear relationship between technological innovation and economic growth are studied. The study confirms the existence of long-run relationship among the variables and the link between technological innovation and economic growth has an inverted U-shape. Also, technological innovation, technological innovation squared, and governance institution quality Granger-cause economic growth in the long and short run, together with capital, employment and electricity consumption. Therefore, continuous plans and policies are very much needed to drive technological innovation evolution in Malaysia, so the tide is slowly turning. Copyright � 2019 Inderscience Enterprises Ltd. Final 2023-05-29T07:29:20Z 2023-05-29T07:29:20Z 2019 Article 10.1504/IJTLID.2019.102674 2-s2.0-85073346849 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85073346849&doi=10.1504%2fIJTLID.2019.102674&partnerID=40&md5=62867f666a0da8f5b3ec4dba4bcd0033 https://irepository.uniten.edu.my/handle/123456789/24952 11 3 185 214 Inderscience Publishers Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description Technological innovation is a dynamic growth factor to achieve sustainable development. This study aims to explore the long- and short-run relationship between technological innovation and Malaysia�s sustainable growth from 1980 to 2015. Augmented Cobb-Douglas production function is used to scale the technological innovation and economic growth link. The F-bounds test and VECM Granger causality are employed. The dynamic relationships among the gross domestic product, capital, employment, electricity consumption, technological innovation, technological innovation squared and governance institution quality variables; and the nonlinear relationship between technological innovation and economic growth are studied. The study confirms the existence of long-run relationship among the variables and the link between technological innovation and economic growth has an inverted U-shape. Also, technological innovation, technological innovation squared, and governance institution quality Granger-cause economic growth in the long and short run, together with capital, employment and electricity consumption. Therefore, continuous plans and policies are very much needed to drive technological innovation evolution in Malaysia, so the tide is slowly turning. Copyright � 2019 Inderscience Enterprises Ltd.
author2 37100908800
author_facet 37100908800
Bekhet H.A.
Latif N.W.A.
format Article
author Bekhet H.A.
Latif N.W.A.
spellingShingle Bekhet H.A.
Latif N.W.A.
Validating the dynamic relationship between technological innovation and economic growth in Malaysia
author_sort Bekhet H.A.
title Validating the dynamic relationship between technological innovation and economic growth in Malaysia
title_short Validating the dynamic relationship between technological innovation and economic growth in Malaysia
title_full Validating the dynamic relationship between technological innovation and economic growth in Malaysia
title_fullStr Validating the dynamic relationship between technological innovation and economic growth in Malaysia
title_full_unstemmed Validating the dynamic relationship between technological innovation and economic growth in Malaysia
title_sort validating the dynamic relationship between technological innovation and economic growth in malaysia
publisher Inderscience Publishers
publishDate 2023
_version_ 1806423238322946048
score 13.211869

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