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Lookup NU author(s): Isma Sadaf
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0).
This Study investigated the moderating role of human capital in the relationship between energy price and technological innovation for 81 developed and developing countries from the period 1990-2019. For empirical investigation, we have employed fixed effect, random effect, and generalized method of moments (GMM). This study analyzed the conditional effect of energy price on technological innovation at different levels of human capital. According to findings, both developed and developing countries experience an increase in technological innovation when energy prices are high. The moderating role of human capital, confirms that energy price and human capital are substitutes in explaining the relationship with technological innovation. It is proposed for policy implications that financial support is required to increase technological innovation becauseit is an expensive investment to pursue. Furthermore, to build the absorptive capacity of the country, which in turn increases factor productivity, nations need to develop their human capital.
Author(s): Sadaf I, Hussain B
Publication type: Article
Publication status: Published
Journal: Kashmir Economic Review
Year: 2022
Volume: 31
Issue: 1
Pages: 1-15
Print publication date: 26/06/2022
Online publication date: 29/03/2022
Acceptance date: 29/03/2022
Date deposited: 15/08/2025
ISSN (print): 1011-081X
ISSN (electronic): 2706-9516
Publisher: Kashmir Institute of Economics
URL: https://ker.org.pk/index.php/ker/article/view/400
