Araştırma Makalesi

The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach

Cilt: 17 Sayı: 66 30 Nisan 2022
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The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach

Öz

In recent times, technological innovations among nations are the most powerful instrument for higher economic growth rates and development. A higher level of achievement in the diffusion/adoption of technology can create more effective economic growth. Given this motivation, the study aims to examine the impact of technological achievements on economic growth, gross capital formation, medium and high-tech exports, and employment in chosen 72 countries over the period of 1990 - 2020. The unit root tests of the cross-section augmented Im-Pesaran-Shin (CIPS) test of Pesaran and also covariate Augmented Dickey-Fuller (CADF) test of Hansen, the Pedroni cointegration test, and then Pesaran ARDL model has been applied in the analysis of data. The ARDL model results reveal a statistically significant causality and positive relationships between the technology achievement index and GDP growth, gross capital formation, medium and high-tech exports, and employment significance at 1 percent level in the long run according to Pooled Mean Group (PMG) estimator. Consequently, technological innovations are linked with economic growth and macroeconomic factors, that is to say, to get higher growth needs to grow up adaptation of technology and also to produce and trade technology-specific products.

Anahtar Kelimeler

Kaynakça

  1. Aghion, P., Bergeaud, A., Lequien, M., & Melitz, M. J. (2018). The Impact of Exports on Innovation: Theory and Evidence. SSRN Electronic Journal, 1–33. https://doi.org/10.2139/ssrn.3171084
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  4. Ali, T. M., Bashir, T., & Kiani, A. K. (2015). Assessment of Technological Capabilities of OIC Countries. Science, Technology and Society, 20(1), 114–131. https://doi.org/10.1177/0971721814561394
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  7. Cassiman, B., Golovko, E., & Martínez-Ros, E. (2010). Innovation, exports and productivity. International Journal of Industrial Organization, 28(4), 372–376. https://doi.org/10.1016/j.ijindorg.2010.03.005
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Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Büşra Ağan *
0000-0003-1485-9142
Kuzey Kıbrıs Türk Cumhuriyeti

Yayımlanma Tarihi

30 Nisan 2022

Gönderilme Tarihi

12 Kasım 2021

Kabul Tarihi

18 Şubat 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 17 Sayı: 66

Kaynak Göster

APA
Ağan, B. (2022). The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach. Yaşar Üniversitesi E-Dergisi, 17(66), 367-386. https://doi.org/10.19168/jyasar.1022589
AMA
1.Ağan B. The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach. Yaşar Üniversitesi E-Dergisi. 2022;17(66):367-386. doi:10.19168/jyasar.1022589
Chicago
Ağan, Büşra. 2022. “The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach”. Yaşar Üniversitesi E-Dergisi 17 (66): 367-86. https://doi.org/10.19168/jyasar.1022589.
EndNote
Ağan B (01 Nisan 2022) The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach. Yaşar Üniversitesi E-Dergisi 17 66 367–386.
IEEE
[1]B. Ağan, “The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach”, Yaşar Üniversitesi E-Dergisi, c. 17, sy 66, ss. 367–386, Nis. 2022, doi: 10.19168/jyasar.1022589.
ISNAD
Ağan, Büşra. “The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach”. Yaşar Üniversitesi E-Dergisi 17/66 (01 Nisan 2022): 367-386. https://doi.org/10.19168/jyasar.1022589.
JAMA
1.Ağan B. The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach. Yaşar Üniversitesi E-Dergisi. 2022;17:367–386.
MLA
Ağan, Büşra. “The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach”. Yaşar Üniversitesi E-Dergisi, c. 17, sy 66, Nisan 2022, ss. 367-86, doi:10.19168/jyasar.1022589.
Vancouver
1.Büşra Ağan. The Impact of Technological Achievement on Economic Growth: Evidence from a Panel ARDL Approach. Yaşar Üniversitesi E-Dergisi. 01 Nisan 2022;17(66):367-86. doi:10.19168/jyasar.1022589

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