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Economic value of introducing technology to improve productivity: An ARDL approach

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  • Awan, Abdul Ghafoor
  • Yaqoob, Robina

Abstract

The main objective of this research study is to investigate the impact of “Economic Value of introducing technology in Pakistan” as the technology is considered as the engine of growth. For this purpose, we used data for the period from 1985 to 2018. Different statistical techniques such as ADF Test, ARDL and Error Correction Models were used to determine long run relationship between GDP (Which was dependent variable) and large manufacturing sector, labour force, health, education and exports, which were independent variables). The findings reveal that all independent variables have positive and significant relationship with GDP. So the development of R&D and adoption of latest technologies are urgent need for fast GDP growth and expansion in its size.

Suggested Citation

  • Awan, Abdul Ghafoor & Yaqoob, Robina, 2023. "Economic value of introducing technology to improve productivity: An ARDL approach," Innovation and Green Development, Elsevier, vol. 2(3).
    • Handle: RePEc:eee:ingrde:v:2:y:2023:i:3:s2949753123000371
    DOI: 10.1016/j.igd.2023.100069
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    References listed on IDEAS

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    1. Rashid Amjad, 2006. "Why Pakistan Must Break-into the Knowledge Economy," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 11(Special E), pages 75-87, September.
    2. Driouchi, Ahmed, 2015. "New Health Technologies and Health Workforce in Developing Economies," MPRA Paper 67775, University Library of Munich, Germany.
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    Cited by:

    1. Han Long & Gen-Fu Feng & Chun-Ping Chang, 2023. "How does ESG performance promote corporate green innovation?," Economic Change and Restructuring, Springer, vol. 56(4), pages 2889-2913, August.
    2. Wang, Jun-Zhuo & Feng, Gen-Fu & Yin, Hua-Tang & Chang, Chun-Ping, 2023. "Toward sustainable development: Does the rising oil price stimulate innovation in climate change mitigation technologies?," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 569-583.
    3. Wen, Jun & Zhang, Sen & Chang, Chun-Ping & Anugrah, Donni Fajar & Affandi, Yoga, 2023. "Does climate vulnerability promote green investment under energy supply restriction?," Energy Economics, Elsevier, vol. 124(C).

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