The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship
Economics; Electric power utilization; Sustainable development; Causality; Electricity-consumption; Gross domestic products; Malaysia; Ordinary least squares; Sustainable growth; Technological innovation; Technological progress; Economic and social effects; economic development; economic growth; gov...
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2023
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my.uniten.dspace-237452023-05-29T14:51:28Z The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship Bekhet H.A. Latif N.W.A. 37100908800 37101165500 Economics; Electric power utilization; Sustainable development; Causality; Electricity-consumption; Gross domestic products; Malaysia; Ordinary least squares; Sustainable growth; Technological innovation; Technological progress; Economic and social effects; economic development; economic growth; governance approach; Granger causality test; innovation; institutional framework; sustainability; technology policy; Malaysia Technological innovation integrated with strategic policies is vital for sustainable growth. This study aims to highlight the importance of technological innovation and governance institution quality on Malaysia's sustainable growth from 1985 through 2015. The dynamic relationships among gross domestic product, capital, employment, electricity consumption, technological innovation, governance institution quality, and the interaction of technological innovation and governance institution quality are examined. The augmented production function, F-bound, dynamic ordinary least squares, and Granger causality tests are utilized. The results confirm the dynamic relationship among the above variables. In the long run, unidirectional causality runs from governance institution quality and technological innovation-governance institution quality toward Malaysia's financial development. However, in the short run, there is bidirectional causality between financial development and economic growth. The interaction between technological innovation and governance institution quality has a significant positive impact on Malaysia's economy in the long run. Also, capital, employment, and electricity consumption have a positive significant impact on economic growth in the long run. These three variables are vital growth inputs and should be accompanied by technological innovation and governance institution quality. Well-planned and relevant policies can boost technological progress in Malaysia, slowly yet surely. � 2018 Elsevier Ltd Final 2023-05-29T06:51:27Z 2023-05-29T06:51:27Z 2018 Article 10.1016/j.techsoc.2018.01.014 2-s2.0-85044523828 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044523828&doi=10.1016%2fj.techsoc.2018.01.014&partnerID=40&md5=94d034e28e648a782a393d86569a90bf https://irepository.uniten.edu.my/handle/123456789/23745 54 27 40 Elsevier Ltd Scopus |
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| description |
Economics; Electric power utilization; Sustainable development; Causality; Electricity-consumption; Gross domestic products; Malaysia; Ordinary least squares; Sustainable growth; Technological innovation; Technological progress; Economic and social effects; economic development; economic growth; governance approach; Granger causality test; innovation; institutional framework; sustainability; technology policy; Malaysia |
| author2 |
37100908800 |
| author_facet |
37100908800 Bekhet H.A. Latif N.W.A. |
| format |
Article |
| author |
Bekhet H.A. Latif N.W.A. |
| spellingShingle |
Bekhet H.A. Latif N.W.A. The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship |
| author_sort |
Bekhet H.A. |
| title |
The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship |
| title_short |
The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship |
| title_full |
The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship |
| title_fullStr |
The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship |
| title_full_unstemmed |
The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship |
| title_sort |
impact of technological innovation and governance institution quality on malaysia's sustainable growth: evidence from a dynamic relationship |
| publisher |
Elsevier Ltd |
| publishDate |
2023 |
| _version_ |
1806424223318540288 |