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THE EFFECTS OF TECHNOLOGY AND LABOR ON GROWTH IN EMERGING COUNTRIES.

Authors :
Fanglin LI
APPIAH, Michael
DODOO, Regina Naa Amua
Source :
Management Research & Practice; 2020, Vol. 12 Issue 2, p39-47, 9p
Publication Year :
2020

Abstract

This paper evaluates the impact of technological innovation and the labor market on economic growth in Africa based on a sample of six countries from 1995 to 2017. The outcomes by estimating panel ARDL (PMG & MG) on an adopted Cobb Douglass production function. Findings, among others, reveal that (1) technological innovation has a positive relationship and it is statistically significant on economic growth, (2) labor has a positive relationship but not statistically significant (3) the "Cobb Douglass" total production function hypothesis holds. The study recommends that concerted efforts should be towards investing in technological innovations as well as the provision of better conditions of service. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
20672462
Volume :
12
Issue :
2
Database :
Supplemental Index
Journal :
Management Research & Practice
Publication Type :
Academic Journal
Accession number :
143607357