Digital technology adoption and globalization innovation implications on Asian Pacific green sustainable economic growth


Elfaki, Khalid Eltayeb and Ahmed, Elsadig Musa (2024) Digital technology adoption and globalization innovation implications on Asian Pacific green sustainable economic growth. Journal of Open Innovation: Technology, Market, and Complexity, 10 (1). p. 100221. ISSN 2199-8531

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This study aims to examine digital technology adoption and globalization innovation implications on green sustainable economic growth on Asian Pacific selected countries (Malaysia, Indonesia, Singapore, Philippines, Thailand, Japan, India, Korea, China, New Zealand, Australia) via integrating digital technology adoption (digitalization and digitization), globalization, and environmental quality. This study employed the Hausman test to determine the appropriate estimation approach between random effect and fixed effect methods due to the digital adoption index (DAI) data limitation. The Hausman test confirms the random effect method for this analysis and the findings reveal that digital technology adoption promotes economic growth in Asian Pacific countries. Globalization was found an insignificant positive influence on Pacific countries’ economic growth. The average growth rate of green total factor productivity (GTFP) as a Technology progress of innovation and environmental integration is positive, this might potentially be described by the high contribution of digital technology adoption and from the beneficial effects of labor, capital, CO2, and globalization positives contribution. The significant contribution of this study is filling the gaps via promoting green sustainable economic growth through inclusion of digital technology adoption and globalization in the growth accounting model that ignored. Technology adoption and globalization internalization plays a remarkable role to enhance innovations and knowledge and technology transfer, enabling companies to access wide-ranging markets, encouraging foreign direct investment, collaboration and smart partnerships along with conveying knowledge within and among the nations in technological creativity, globalization-based technology transfer, and intellectual property development to implement Sustainable Development Goals (SDGs).

Item Type: Article
Uncontrolled Keywords: Economic growth, digitalization
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD72-88 Economic growth, development, planning
Q Science > QA Mathematics > QA71-90 Instruments and machines > QA75.5-76.95 Electronic computers. Computer science
Divisions: Faculty of Business (FOB)
Depositing User: Ms Nurul Iqtiani Ahmad
Date Deposited: 04 Mar 2024 01:33
Last Modified: 04 Mar 2024 01:33


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