Does research and development expenditure cointegrate with the gross national income of ASEAN countries?

Fennee, Chong and Liew, Venus Khim-Sen and Rosita, Suhaimi (2016) Does research and development expenditure cointegrate with the gross national income of ASEAN countries? International Journal of Economic Research, 13 (3). pp. 1231-1237. ISSN 09729380

[img] PDF
Does-research-and-development-expenditure-cointegrate-with-the-gross-national-income-of-ASEAN-countries_2016_International-Journal-of-Economic-Research.html

Download (1kB)

Abstract

In order to successfully transform into a knowledge economy and eradicate poverty, many ASEAN countries have allocated a considerable amount of their yearly expenditures in research and development over the last decade. The objective of this paper is to examine the long-run relationship between research and development expenditure and gross national income of five major ASEAN countries - Thailand, Malaysia, Singapore, Indonesia and Philippines. The results of a cross-country panel data analysis performed in this study suggest that there is a long-run cointegration relationship between these two variables. Findings imply that higher research and development expenditure has a favorable impact on the long-run prosperity of these countries.

Item Type: Article
Uncontrolled Keywords: Gross national income, Research and development expenditure, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Ibrahim
Date Deposited: 07 Dec 2016 06:22
Last Modified: 07 Dec 2016 06:22
URI: http://ir.unimas.my/id/eprint/14471

Actions (For repository members only: login required)

View Item View Item