Modelling the economic cycle between GDP and government spending on technological innovation

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

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Official URL: http://www.pertanika.upm.edu.my/Pertanika%20PAPERS...

Abstract

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.

Item Type: Article
Uncontrolled Keywords: Augmented dickey-fuller test; Gross domestic product; Technology innovation; Variance decomposition; Vector autoregression mode
Subjects: H Social Sciences > HF Commerce > Business
Q Science > QA Mathematics
Divisions: Faculty of Business and Accountancy
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 31 Jul 2018 02:02
Last Modified: 31 Jul 2018 02:02
URI: http://eprints.um.edu.my/id/eprint/18943

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