International Journal of Management, Accounting and Economics
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Volume 4, No. 12, December 2017 Pages: 1176 - 1191
Effect of FDI, R & D, and High-Tech Exports on Real Gross Domestic Product (GDP) of Pakistan and Canada over the Period of 1982-2011
Waqar Ahmad , Tingwu Yan , Aqsa Bibi
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Innovation is coming from new Knowledge, and new Technology. The author select these two countries because Canada has a very strong innovative economy, while Pakistan is not so strong. The study concludes that foreign direct investment, R&D, and High-tech exports have a positive impact on economic growth, and the results show a significant positive impact on GDP, in the case of Canada. While in Pakistan this influence is not significant due to some internal problems that Pakistan faces like a low rate of domestic investment, political instability, less investment in higher education. Therefore, the comparison can be useful in adapting Canada’s innovation policy for Pakistan.
Real GDP, FDI, R&D, High-Tech Exports, Innovation, Pakistan, Canada.
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