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Modelling the Impact of Education, Research, and Digitalization on Economic Growth: Evidence From Developing Economies
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Author(s): Devishi Raina (Shri Mata Vaishno Devi University, India)and Meenakshi Gupta (Shri Mata Vaishno Devi University, India)
Copyright: 2025
Pages: 32
Source title:
Optimizing Research Techniques and Learning Strategies With Digital Technologies
Source Author(s)/Editor(s): J. Sadhik Basha (International Maritime College Oman, National University of Science and Technology, Oman), Taofeek Olanrewaju Alade (Department of Science Cluster, International Maritime College Oman, National University of Science and Technology, Oman), Mitha Obaid Amur Al Khazimi (Department of Science Cluster, National University of Science and Technology, Oman), Ranjit Vasudevan (Department of Science Cluster, National University of Science and Technology, Oman)and Jahanzeb Bahadur Khan (Department of Science Cluster, National University of Science and Technology, Oman)
DOI: 10.4018/979-8-3693-7863-2.ch001
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Abstract
The present study has tried to investigate the impact of Investment in education, Research and Development, amid Gross Fixed Capital Formation, Tertiary Education Enrolment, Unemployment, Corruption Control and Proportion of internet users on Economic Growth of selected developing nations. The data was sourced from World Data Bank, Our World in data and UNDP for the period from 2000 to 2021. The short run and the long run impact of these variables on economic growth of the selected economies was estimated using Panel ARDL. All the preliminary tests including unit root test, cross sectional dependence, cointegration test, etc. were performed before using Panel ARDL. The results indicated that, in developing countries, government expenditure on education, gross capital formation, tertiary studies, internet facilities and effective corruption control have become one of the key drivers of long-term growth and increasing productivity, as all these variables have positive and significant relationship with economic growth.
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