Productivity unleashed: An ARDL model analysis of innovation and globalization effects

Tan Huu Nguyen, Binh Van Nguyen, Thuong Thu Nguyen, Duc Huu Luu

Article ID: 5694
Vol 8, Issue 8, 2024

VIEWS - 95 (Abstract) 62 (PDF)

Abstract


This empirical inquiry adopts the AutoRegressive Distributed Lag (ARDL) model to meticulously examine the multifaceted interconnections among innovation, globalization, and productivity across a diverse set of 76 nations, encompassing both developed and developing economies. The research employs rigorous econometric techniques within the ARDL framework to discern the short- and long-term effects of innovation and globalization on productivity levels. The findings underscore a robust and statistically significant association between innovation and productivity, as well as a constructive impact of globalization on enhancing productivity. The outcomes underscore the transformative potential of innovation and the facilitating role of globalization in fostering productivity growth. This empirical evidence contributes to the empirical literature by offering a refined understanding of the intricate relationships shaping productivity patterns on a global scale, emphasizing the joint influence of innovation and globalization in driving economic efficiency.


Keywords


innovation; globalization; productivity; interconnections; economic efficiency

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DOI: https://doi.org/10.24294/jipd.v8i8.5694

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