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Public sector innovation outcome-driven sustainable development in Bangladesh: applying the dynamic autoregressive distributed lag simulations and Kernel-based regularised least square machine learning algorithm approaches

Published online by Cambridge University Press:  12 December 2022

Md. Monirul Islam Open the ORCID record for Md. Monirul Islam [Opens in a new window]  and
Mohammad Tareque
Md. Monirul Islam*
Affiliation:
Graduate School of Economics and Management (GSEM), Ural Federal University (UrFU), Yekaterinburg, Russian Federation Governance and Public Policy (GPP), Bangladesh Institute of Governance and Management (BIGM), University of Dhaka (Affiliated), Dhaka 1207, Bangladesh
Mohammad Tareque
Affiliation:
Bangladesh Institute of Governance and Management (BIGM), University of Dhaka (Affiliated), Dhaka 1207, Bangladesh
*
*Corresponding author. E-mails: monirul.islam@bigm.edu.bd, mdmonirul.islam@urfu.ru
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Abstract

This research investigates the role of public sector innovation outcomes, e.g. trademark innovation, information and communication technology (ICT), renewable energy, and governance, in the sustainable development of Bangladesh during 1980–2019. Utilising the dynamic autoregressive distributed lag (DARDL) simulation approach, this study divulges a favourable long-term influencing profile of public sector innovation outcomes, i.e. trademark innovation, ICT, and renewable energy on sustainable development, while governance has a heterogeneous impact. Besides, the findings from the DARDL simulations area plots display 10% counterfactual shocks to the public sector innovation outcomes on sustainable development. Furthermore, the Kernel-based regularised least square machine learning algorithm approach used in the study examines the marginal effects of the public sector innovation outcomes on sustainable development for robust findings. Therefore, the policy suggestions are solely concerned with the public sector’s adoption of more innovation dynamics through appropriate policy formulation.

Keywords

BangladeshgovernanceICTpublic sector innovation outcomerenewable energytrademark innovationC53D73O31Q20Q01

Information

Type
Research Article
Information
Journal of Public Policy , Volume 43 , Issue 2 , June 2023 , pp. 326 - 357
Copyright
© The Author(s), 2022. Published by Cambridge University Press

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