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The impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationship

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dc.citedby48
dc.contributor.authorBekhet H.A.en_US
dc.contributor.authorLatif N.W.A.en_US
dc.contributor.authorid37100908800en_US
dc.contributor.authorid37101165500en_US
dc.date.accessioned2023-05-29T06:51:27Z
dc.date.available2023-05-29T06:51:27Z
dc.date.issued2018
dc.descriptionEconomics; 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; Malaysiaen_US
dc.description.abstractTechnological 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 Ltden_US
dc.description.natureFinalen_US
dc.identifier.doi10.1016/j.techsoc.2018.01.014
dc.identifier.epage40
dc.identifier.scopus2-s2.0-85044523828
dc.identifier.spage27
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85044523828&doi=10.1016%2fj.techsoc.2018.01.014&partnerID=40&md5=94d034e28e648a782a393d86569a90bf
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/23745
dc.identifier.volume54
dc.publisherElsevier Ltden_US
dc.sourceScopus
dc.sourcetitleTechnology in Society
dc.titleThe impact of technological innovation and governance institution quality on Malaysia's sustainable growth: Evidence from a dynamic relationshipen_US
dc.typeArticleen_US
dspace.entity.typePublication
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