Modelling the economic cycle between GDP and government spending on technological innovation
Gross Domestic Product (GDP) is a key indicator of a country’s economic growth and its well-being. Technological innovation on the other hand is an important driver of growth for productivity and revenue. This paper examines the relationship between GDP per capita and government spending on technolo...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Published: |
Universiti Putra Malaysia
2017
|
| Subjects: |
| _version_ | 1825721202878971904 |
|---|---|
| author | Phoong, S.Y. Phoong, S.W. |
| author_facet | Phoong, S.Y. Phoong, S.W. |
| author_sort | Phoong, S.Y. |
| collection | UM |
| description | Gross Domestic Product (GDP) is a key indicator of a country’s economic growth and its well-being. Technological innovation on the other hand is an important driver of growth for productivity and revenue. This paper examines the relationship between GDP per capita and government spending on technology innovation in Malaysia. on in Malaysia. It employs Augmented Dickey-Fuller (ADF) test, Vector Autoregression (VAR) model and variance decomposition to measure the estimation models. The results point to a strong positive relationship between GDP per capita and the expenditure on technology innovation. Furthermore, GDP has a large impact on Malaysia’s government spending on technology innovation. |
| first_indexed | 2024-03-06T05:46:48Z |
| format | Article |
| id | um.eprints-18943 |
| institution | Universiti Malaya |
| last_indexed | 2024-03-06T05:46:48Z |
| publishDate | 2017 |
| publisher | Universiti Putra Malaysia |
| record_format | dspace |
| spelling | um.eprints-189432018-07-31T02:02:05Z http://eprints.um.edu.my/18943/ Modelling the economic cycle between GDP and government spending on technological innovation Phoong, S.Y. Phoong, S.W. Business QA Mathematics Gross Domestic Product (GDP) is a key indicator of a country’s economic growth and its well-being. Technological innovation on the other hand is an important driver of growth for productivity and revenue. This paper examines the relationship between GDP per capita and government spending on technology innovation in Malaysia. on in Malaysia. It employs Augmented Dickey-Fuller (ADF) test, Vector Autoregression (VAR) model and variance decomposition to measure the estimation models. The results point to a strong positive relationship between GDP per capita and the expenditure on technology innovation. Furthermore, GDP has a large impact on Malaysia’s government spending on technology innovation. Universiti Putra Malaysia 2017 Article PeerReviewed Phoong, S.Y. and Phoong, S.W. (2017) Modelling the economic cycle between GDP and government spending on technological innovation. Pertanika Journal of Social Sciences and Humanities, 25 (Nov). pp. 45-52. ISSN 0128-7702, http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2025%20(S)%20Nov.%202017/04%20JSSH(S)-0590-2017-4thProof.pdf |
| spellingShingle | Business QA Mathematics Phoong, S.Y. Phoong, S.W. Modelling the economic cycle between GDP and government spending on technological innovation |
| title | Modelling the economic cycle between GDP and government spending on technological innovation |
| title_full | Modelling the economic cycle between GDP and government spending on technological innovation |
| title_fullStr | Modelling the economic cycle between GDP and government spending on technological innovation |
| title_full_unstemmed | Modelling the economic cycle between GDP and government spending on technological innovation |
| title_short | Modelling the economic cycle between GDP and government spending on technological innovation |
| title_sort | modelling the economic cycle between gdp and government spending on technological innovation |
| topic | Business QA Mathematics |
| work_keys_str_mv | AT phoongsy modellingtheeconomiccyclebetweengdpandgovernmentspendingontechnologicalinnovation AT phoongsw modellingtheeconomiccyclebetweengdpandgovernmentspendingontechnologicalinnovation |