THE EFFECTS OF TECHNOLOGY AND LABOR ON GROWTH IN EMERGING COUNTRIES

Fanglin Li (), Michael Appiah () and Regina Naa Amua Dodoo ()
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Fanglin Li: School of Finance & Economics,Jiangsu University
Michael Appiah: School of Finance & Economics,Jiangsu University
Regina Naa Amua Dodoo: School of Finance & Economics,Jiangsu University

Management Research and Practice, 2020, vol. 12, issue 2, 39-47

Abstract: This paper evaluates the impact of technological innovation and the labor market on economic growth in Africa based on a sample of six countries from 1995 to 2017. The outcomes by estimating panel ARDL (PMG & MG) on an adopted Cobb Douglass production function. Findings, among others, reveal that (1) technological innovation has a positive relationship and it is statistically significant on economic growth, (2) labor has a positive relationship but not statistically significant (3) the Cobb Douglass total production function hypothesis holds. The study recommends that concerted efforts should be towards investing in technological innovations as well as the provision of better conditions of service.

Keywords: Technology; Labor; Growth; Emerging Countries; Panel ARDL (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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