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Assessing the socio-economic benefits of public R&D activities in Malaysia

Abdul Jalil, Ahmad Zafarullah and Abdul Karim, Noor Al-Huda and Hassan, Sallahuddin (2010) Assessing the socio-economic benefits of public R&D activities in Malaysia. In: The Third International Conference on International Studies (ICIS 2010), 1st-2nd December 2010, Hotel Istana Kuala Lumpur. College of Law, Government and International Studies, Universiti Utara Malaysia, Sintok, pp. 1-15. ISBN 9789832078456

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As an open economy, Malaysia needs to constantly generate and establish new sources of economic growth in order to remain competitive in the long run. This objective can be achieved if Malaysia is capable of increasing its capacity in the use as well as in the development of science, technology and innovation (STI) through research and development (R&D) programmes. Therefore, the Government of Malaysia has introduced various science and technology programmes for the purpose of encouraging R&D and technological innovation to acquire and to advance technological capability. The existence of such programmes shows that the Government is aware of the importance of R&D towards achieving a more prosperous economy and as such, it has played an active role in promoting R&D in the country. The Government-funded R&D programmes are established for the purpose of generating knowledge, creating wealth, and upgrading societal well-being. The involvement of the Malaysian Government in promoting R&D activities has started since the Fifth Malaysia Plan, 1986-1990 with the introduction of the Intensification of Research in Priority Areas (IRPA) grant. This study used econometric analysis in order to examine the extent to which R&D activities contributed towards social and economic development in Malaysia. Our findings suggest that R&D public investments are important to promote economic growth in a long-term period.

Item Type: Book Section
Additional Information: Jointly organised by Ministry of Higher Education, UUM College of Law, Government & International Studies (UUM COLGIS) and Association of International Studies Malaysia (AIS)
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: College of Arts and Sciences
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 22 Feb 2011 07:25
Last Modified: 27 Feb 2011 03:50

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