Effects of Innovation Advancement on Technological Progress and Economic Growth in Uganda: A Generalized Least Squares Method
The paper examines the long run effects of innovation advancement on technological progress and economic growth in Uganda during the 1970 to 2020 period. The paper is unique because it measures annual innovation as a ratio of level of technology to the total productivity of labor and capital. Mea...
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| Format: | Article |
| Language: | English English |
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| Online Access: | http://eprints.intimal.edu.my/2038/ http://eprints.intimal.edu.my/2038/2/579 http://eprints.intimal.edu.my/2038/3/joit2024_26b.pdf |
| _version_ | 1848766903724539904 |
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| author | Jimmy, Alani Bruno, Yawe John, Mutenyo |
| author_facet | Jimmy, Alani Bruno, Yawe John, Mutenyo |
| author_sort | Jimmy, Alani |
| building | INTI Institutional Repository |
| collection | Online Access |
| description | The paper examines the long run effects of innovation advancement on technological progress and
economic growth in Uganda during the 1970 to 2020 period. The paper is unique because it
measures annual innovation as a ratio of level of technology to the total productivity of labor and
capital. Meanwhile, it measures annual level of technology as a ratio of output to total factor. Thus,
the paper demonstrates that innovation is characterized by a creative destruction problem. In the
study, data sets were collected from the United Nations Database and data analyses were conducted
by using the generalized least squares (GLS) method and the philosophical principle of causality.
The study finds that innovation advancement as well as innovation acceleration had positive and
significant effects on technological progress and economic growth in Uganda during the given
period. Hence, findings in the paper support the innovation-based growth hypothesis that there is
a positive linkage between innovation and economic growth. The paper also finds that during the
given period innovation gave rise to technological advancement in Uganda. This research work
attempts to aid policy makers, educators and financers in Uganda to stimulate innovation
advancement, technological progress and economic growth in the country. |
| first_indexed | 2025-11-14T11:58:33Z |
| format | Article |
| id | intimal-2038 |
| institution | INTI International University |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T11:58:33Z |
| publisher | INTI International University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | intimal-20382025-07-10T02:23:10Z http://eprints.intimal.edu.my/2038/ Effects of Innovation Advancement on Technological Progress and Economic Growth in Uganda: A Generalized Least Squares Method Jimmy, Alani Bruno, Yawe John, Mutenyo H Social Sciences (General) HB Economic Theory T Technology (General) The paper examines the long run effects of innovation advancement on technological progress and economic growth in Uganda during the 1970 to 2020 period. The paper is unique because it measures annual innovation as a ratio of level of technology to the total productivity of labor and capital. Meanwhile, it measures annual level of technology as a ratio of output to total factor. Thus, the paper demonstrates that innovation is characterized by a creative destruction problem. In the study, data sets were collected from the United Nations Database and data analyses were conducted by using the generalized least squares (GLS) method and the philosophical principle of causality. The study finds that innovation advancement as well as innovation acceleration had positive and significant effects on technological progress and economic growth in Uganda during the given period. Hence, findings in the paper support the innovation-based growth hypothesis that there is a positive linkage between innovation and economic growth. The paper also finds that during the given period innovation gave rise to technological advancement in Uganda. This research work attempts to aid policy makers, educators and financers in Uganda to stimulate innovation advancement, technological progress and economic growth in the country. INTI International University Article PeerReviewed text en cc_by_4 http://eprints.intimal.edu.my/2038/2/579 text en cc_by_4 http://eprints.intimal.edu.my/2038/3/joit2024_26b.pdf Jimmy, Alani and Bruno, Yawe and John, Mutenyo Effects of Innovation Advancement on Technological Progress and Economic Growth in Uganda: A Generalized Least Squares Method. Journal of Innovation and Technology, 2024 (26). pp. 1-11. ISSN 2805-5179 http://ipublishing.intimal.edu.my/joint.html |
| spellingShingle | H Social Sciences (General) HB Economic Theory T Technology (General) Jimmy, Alani Bruno, Yawe John, Mutenyo Effects of Innovation Advancement on Technological Progress and Economic Growth in Uganda: A Generalized Least Squares Method |
| title | Effects of Innovation Advancement on Technological Progress and Economic
Growth in Uganda: A Generalized Least Squares Method |
| title_full | Effects of Innovation Advancement on Technological Progress and Economic
Growth in Uganda: A Generalized Least Squares Method |
| title_fullStr | Effects of Innovation Advancement on Technological Progress and Economic
Growth in Uganda: A Generalized Least Squares Method |
| title_full_unstemmed | Effects of Innovation Advancement on Technological Progress and Economic
Growth in Uganda: A Generalized Least Squares Method |
| title_short | Effects of Innovation Advancement on Technological Progress and Economic
Growth in Uganda: A Generalized Least Squares Method |
| title_sort | effects of innovation advancement on technological progress and economic
growth in uganda: a generalized least squares method |
| topic | H Social Sciences (General) HB Economic Theory T Technology (General) |
| url | http://eprints.intimal.edu.my/2038/ http://eprints.intimal.edu.my/2038/ http://eprints.intimal.edu.my/2038/2/579 http://eprints.intimal.edu.my/2038/3/joit2024_26b.pdf |