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The Effects Of Technology And Labor On Growth In Emerging Countries

Author

Listed:
  • Fanglin LI

    (School of Finance & Economics,Jiangsu University)

  • Michael APPIAH

    (School of Finance & Economics,Jiangsu University)

  • Regina Naa Amua DODOO

    (School of Finance & Economics,Jiangsu University)

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.

Suggested Citation

  • Fanglin LI & Michael APPIAH & Regina Naa Amua DODOO, 2020. "The Effects Of Technology And Labor On Growth In Emerging Countries," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 12(2), pages 39-47, June.
    • Handle: RePEc:rom:mrpase:v:12:y:2020:i:2:p:39-47
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    References listed on IDEAS

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