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The Impact of Innovation on the development Malaysia<br />

Nur Syafiqah binti Mohd Azlan<br />

Supervisor: Dr. Noor Haslina binti Mohammad Akhir<br />

Bachelor of Economics (Natural Resources)<br />

School of Social and Economic Development<br />

It is known innovation is important for a countries development. Innovation describes the<br />

development and application of ideas also technologies that improve goods and services<br />

or make their production more efficient. The objective of this paper is to explore the<br />

impact of the innovation, investment and international trade on GDP, based on an<br />

empirical study covering 30 years from 1986 to 2015 in Malaysia. This research<br />

quantitatively examine the impact of innovation to development in Malaysia by running<br />

simple regressions and multiple regressions to capture the impact of independent<br />

variables on the GDP. The results reveal that innovations, investment and international<br />

trade are statistically significance on GDP.<br />

1498 | UMT UNDERGRADUATE RESEARCH DAY 2018

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