Unraveling the Nexus of Science & Technology Input and Economic Growth through Research & Development (R&D) Indicators in Asia-pacific Region: A Panel Data and Causality Analysis

This paper unravels the critical aspect of science and technology through research and development indicators as sources, drivers, and predictors of economic growth from the perspective of two developing countries, namely: Philippines and Thailand (ASEAN), and two developed economies, namely: Japan and Australia (ASEAN-X) in Asia-Pacific Region. The data set ranges from 1980 to 2019 and is collected from World Development Indicators of the World Bank, Institute for Statistics of United Nations Educational, Scientific and Cultural Organization (UNESCO), and World Intellectual Property Organization (WIPO). Research and Development (R&D) is a tool for generating new knowledge and serves as input for technological advancement. In the long run, it has been proven that technology can sustain permanent economic development in the economy. In developed economies, the nexus between the aforementioned variables is robust and significant. Thus, the R&D indicators can be used as a predictor of economic growth. However, in developing economies, the nexus of variables involved is negligible and insignificant. Hence, the R&D indicators cannot be effectively utilized as a predictor of economic growth. Furthermore, the study combined the two sets of panel data and a relevant conclusion was drawn. A country-panel regression and causality analysis were performed based on the empirics of macroeconomics.

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The Effect Of Corruption, Democracy And Foreign Debt On Economic Growth In Asian Pacific Countries

Jambura Equilibrium Journal ◽

10.37479/jej.v3i2.10272 ◽

2021 ◽

Vol 3 (2) ◽

Author(s):

Rommy Fernando Putra ◽

Dewi Zaini Putri

Keyword(s):

Economic Growth ◽

Panel Data ◽

Regression Coefficient ◽

Foreign Debt ◽

External Debt ◽

Asia Pacific ◽

Pacific Region ◽

Asia Pacific Region ◽

Political Condition ◽

Data Documentation

Economic growth can be defined as a process of changing the economic conditions of a country on an ongoing basis towards a better condition during a certain period. This study aims to examine the effect of corruption, democracy and external debt on economic growth in 7 countries Asia Pasific. This is because of The Asia Pacific became known around the 1980s when financial market, international trade and political condition have increased. The data used is panel data during the period 2014-2018, and collected by data documentation and library obtained from World Bank, International Transparency and Freedom In The World. Using the panel data regression, the estimation results are (1) Corruption has a positive and significant effect on economic growth in 7 Asia Pacific countries, with a regression coefficient value of -0.2753, (2) Democracy has a positive and significant effect on economic growth in 7 Asia Pacific countries with a regression coefficient value of 0.0586, (3) External debt has a significant positive effect on economic growth in 7 countries Asia Pacific region with a regression coefficient of 0.7604 (4) Corruption, Democracy and External Debt have a significant effect on economic growth in 7 countries in the Asia Pacific region, with a probability value (F-statistic) of 0.0008

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Do Profitable Banks Make a Positive Contribution to the Economy?

Journal of Risk and Financial Management ◽

10.3390/jrfm13080159 ◽

2020 ◽

Vol 13 (8) ◽

pp. 159 ◽

Cited By ~ 1

Author(s):

Vijay Kumar ◽

Ron Bird

Keyword(s):

Economic Growth ◽

Banking Sector ◽

Negative Impact ◽

Asia Pacific ◽

Positive Contribution ◽

Pacific Region ◽

Asia Pacific Region ◽

Bank Profitability ◽

Developed Economies ◽

The Impact

A number of studies have investigated the relationship between financial sector development and economic growth; however, the impact of bank profitability on economic growth is still unclear. We investigate the link between bank profitability and economic growth in the Asia-Pacific region over the period 2004–2014. Using the system GMM estimator, our findings suggest that a profitable banking sector is a prerequisite for economic growth in the Asia-Pacific region and that the impact of bank profitability on economic growth is more prominent in small banking sectors. Perhaps surprisingly, we found that the bank size has a negative impact on GDP growth, with the influence of bank profitability on economic growth reducing as the size of the banking sector increases. Our results also show that the impact of profitability on economic growth is much larger in developed economies compared to small emerging and large emerging economies.

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Medicines development in the Asia Pacific region

JOURNAL OF MEDICINES DEVELOPMENT SCIENCES ◽

10.18063/jmds.2016.01.004 ◽

2016 ◽

Vol 2 (1) ◽

pp. 43

Author(s):

Victoria Elegant

Keyword(s):

Developing Economies ◽

Asia Pacific ◽

Patient Recruitment ◽

Pacific Region ◽

Asia Pacific Region ◽

Regulatory Requirements ◽

Safety Requirements ◽

Developed Economies ◽

Clinical Trial Activity ◽

The Eu

The Asia Pacific region is an extremely diverse region, characterized by heterogeneity from a number of aspects, including culture, religion, economics, landscapes, and languages. This also applies to the standard of medical care and the regulatory requirements for approval of drugs in the region. Developed economies such as Japan and Australia have requirements which are not dissimilar to those of the EU and USA, but still have their own unique requirements. The developing economies all have their own requirements. In the ASEAN region there is harmonization of the dossier format, but each country still has local requirements. The region has seen significant growth in clinical trial activity, both to satisfy local registration and safety requirements and to help accelerate global trial patient recruitment. There is a clear need for training in all aspects of medical, regulatory, clinical and safety aspects of medicines development, which is being addressed through several organizations and at different locations in the region.

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