Modeling The Non-Linear Effects Of Government Expenditure Components On EcoUganda

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Modeling The Non-Linear Effects Of Government Expenditure Components On EcoUganda

The study sought to model the Non-Linear Effects of Government Expenditure Components on Economic Growth inUganda. The specific objective of this study was to evaluate relationship between technological innovation expenditures and economic growth in Uganda. Using a combination of statistical nonlinear models, including the Time-Dependent Cobb-Douglas model and Logistic Growth model, the study analyzed historical data on government expenditures and GDP growth in Uganda from 1982 to 2024. The Logistic Growth model showed that technological
innovation expenditures, particularly in research and development (R&D), have a vital role in fostering innovation and driving economic expansion in Uganda, although the impact is moderated by factors such as institutional quality
and the availability of skilled labor. This study contributes to the understanding of how government spending affect Uganda’s economic performance and provides valuable insights for policymakers. It emphasizes the importance of
efficient allocation and prioritization of expenditures to maximize economic returns, particularly through investments in technology and capital infrastructure. The study recommended that future research should focus on the varying
effects of technological innovation expenditures in Uganda’s different industries, such as agriculture, manufacturing, and services. By examining these diverse sectors, future studies can provide a more nuanced understanding of how
innovation investments drive economic growth in specific contexts and industries.

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