Effect of FDI, R & D, and High-Tech Exports on Real Gross Domestic Product (GDP) of Pakistan and Canada over the Period of 1982-2011
Innovation is coming from new Knowledge, and new Technology. The author select these two countries because Canada has a very strong innovative economy, while Pakistan is not so strong. The study concludes that foreign direct investment, R&D, and High-tech exports have a positive impact on econom...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2017-12-01
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| Series: | International Journal of Management, Accounting and Economics |
| Subjects: | |
| Online Access: | https://www.ijmae.com/article_115222_1dbe206e1808026b9efd13e86d7d5a7a.pdf |
| Summary: | Innovation is coming from new Knowledge, and new Technology. The author select these two countries because Canada has a very strong innovative economy, while Pakistan is not so strong. The study concludes that foreign direct investment, R&D, and High-tech exports have a positive impact on economic growth, and the results show a significant positive impact on GDP, in the case of Canada. While in Pakistan this influence is not significant due to some internal problems that Pakistan faces like a low rate of domestic investment, political instability, less investment in higher education. Therefore, the comparison can be useful in adapting Canada’s innovation policy for Pakistan. |
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| ISSN: | 2383-2126 |