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

Abdul Ghafoor Awan and Robina Yaqoob

Innovation and Green Development, 2023, vol. 2, issue 3

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.

Keywords: Gross domestic product; Education; Health; Manufacturing; Exports (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ingrde:v:2:y:2023:i:3:s2949753123000371

DOI: 10.1016/j.igd.2023.100069

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