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
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.
|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|
|Date Deposited:||07 Dec 2016 06:22|
|Last Modified:||07 Dec 2016 06:22|
Actions (For repository members only: login required)