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

Waqar Ahmad, Aqsa Bibi and Aqsa Bibi

International Journal of Management, Accounting and Economics, 2017, vol. 4, issue 12, 1176-1191

Abstract: 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.

Keywords: Real GDP; FDI; R&‌‌‌‌D; High-Tech Exports; Innovation; Pakistan; Canada (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:air:journl:v:4:y:2017:i:12:p:1176

DOI: 10.5281/zenodo.17531716

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