Jimmy Alani, Gulu University, Uganda

The study focused on the effects of technological progress and productivity on economic growth in United Arab Emirates (UAE) between 1970 and 2010. Empirical statistical tests were conducted after running regressions and deriving relevant econometric models. The study came up with four findings. Firstly, growth in technological progress resulted in economic growth, employment generation and capital accumulation.

Second, increase in capital productivity gave rise to reduction in economic growth because more productive capital  could have resulted in more idle capacity; thus causing depletion of output through reduction in capital employed in production. Third, increase in labor productivity gave rise to reduction in economic growth because more labor productivity might have caused workers to enjoy more leisure instead of working more; thus causing depletion of output through reduction in labor used in production.

Keywords: Technical, Productivity, Economics, Growth

Suggested citation: Alani, J. (2012) Effects of Technological Progress and Productivity on Economic growth in United Arab Emirates. Skyline Business Journal, Volume 8, Issue 1, pp 1-11.

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Alani, J. (2012) Effects of Technological Progress and Productivity on Economic growth in United Arab Emirates. Skyline Business Journal, Volume 8, Issue 1, pp 1-11.