Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL method
This study explores the intricate nexus between gross domestic product (GDP), inflation (INF), exchange rate (EXC), renewable energy (REN), foreign direct investment (FDI), trade openness (TO), and open innovation (OI) in Singapore using the autoregressive distributed lag (ARDL) method. Drawing on a...
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| Language: | English |
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Elsevier
2025-06-01
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| Series: | Sustainable Futures |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825001960 |
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| author | Vu Ngoc Xuan |
| author_facet | Vu Ngoc Xuan |
| author_sort | Vu Ngoc Xuan |
| collection | DOAJ |
| description | This study explores the intricate nexus between gross domestic product (GDP), inflation (INF), exchange rate (EXC), renewable energy (REN), foreign direct investment (FDI), trade openness (TO), and open innovation (OI) in Singapore using the autoregressive distributed lag (ARDL) method. Drawing on annual data from 1990 to 2022, the study investigates these variables' short- and long-run dynamics, providing new empirical evidence on their interrelationships. The findings indicate that REN and TO positively influence GDP growth, while INF and EXC volatility have adverse effects. Moreover, FDI and open innovation emerge as critical drivers of sustainable economic growth, showcasing Singapore's strategic policy framework. The study provides significant policy implications, emphasizing the need to foster innovation ecosystems and REN investments while ensuring macroeconomic stability to enhance sustainable growth. This study also explores the intricate nexus between GDP, FDI, INF, EXC, REN, TO, and open innovation in Singapore using the ARDL method. The study investigates these variables' short- and long-run dynamics, providing new empirical evidence on their interrelationships. The findings indicate that REN and TO positively influence GDP growth, while INF and EXC volatility have adverse effects. Moreover, FDI and open innovation emerge as critical drivers of sustainable economic growth, showcasing Singapore's strategic policy framework. The study provides significant policy implications, emphasizing the need to foster innovation ecosystems and REN investments while ensuring macroeconomic stability to enhance sustainable growth. |
| format | Article |
| id | doaj-art-e1920e8733df4df0a4eadbe40c2dea18 |
| institution | DOAJ |
| issn | 2666-1888 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj-art-e1920e8733df4df0a4eadbe40c2dea182025-08-20T02:40:18ZengElsevierSustainable Futures2666-18882025-06-01910062810.1016/j.sftr.2025.100628Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL methodVu Ngoc Xuan0Faculty of Economics, College of Economics and Public Management, National Economics University, VietnamThis study explores the intricate nexus between gross domestic product (GDP), inflation (INF), exchange rate (EXC), renewable energy (REN), foreign direct investment (FDI), trade openness (TO), and open innovation (OI) in Singapore using the autoregressive distributed lag (ARDL) method. Drawing on annual data from 1990 to 2022, the study investigates these variables' short- and long-run dynamics, providing new empirical evidence on their interrelationships. The findings indicate that REN and TO positively influence GDP growth, while INF and EXC volatility have adverse effects. Moreover, FDI and open innovation emerge as critical drivers of sustainable economic growth, showcasing Singapore's strategic policy framework. The study provides significant policy implications, emphasizing the need to foster innovation ecosystems and REN investments while ensuring macroeconomic stability to enhance sustainable growth. This study also explores the intricate nexus between GDP, FDI, INF, EXC, REN, TO, and open innovation in Singapore using the ARDL method. The study investigates these variables' short- and long-run dynamics, providing new empirical evidence on their interrelationships. The findings indicate that REN and TO positively influence GDP growth, while INF and EXC volatility have adverse effects. Moreover, FDI and open innovation emerge as critical drivers of sustainable economic growth, showcasing Singapore's strategic policy framework. The study provides significant policy implications, emphasizing the need to foster innovation ecosystems and REN investments while ensuring macroeconomic stability to enhance sustainable growth.http://www.sciencedirect.com/science/article/pii/S2666188825001960Renewable energy (REN)Autoregressive distributed lag (ARDL)Foreign direct investment (FDI)Open innovation (OI)Gross domestic product (GDP) |
| spellingShingle | Vu Ngoc Xuan Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL method Sustainable Futures Renewable energy (REN) Autoregressive distributed lag (ARDL) Foreign direct investment (FDI) Open innovation (OI) Gross domestic product (GDP) |
| title | Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL method |
| title_full | Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL method |
| title_fullStr | Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL method |
| title_full_unstemmed | Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL method |
| title_short | Nexus of GDP, FDI, Inflation, Exchange Rate, Renewable Energy, Trade Openness, and Open Innovation in Singapore: New evidence from the ARDL method |
| title_sort | nexus of gdp fdi inflation exchange rate renewable energy trade openness and open innovation in singapore new evidence from the ardl method |
| topic | Renewable energy (REN) Autoregressive distributed lag (ARDL) Foreign direct investment (FDI) Open innovation (OI) Gross domestic product (GDP) |
| url | http://www.sciencedirect.com/science/article/pii/S2666188825001960 |
| work_keys_str_mv | AT vungocxuan nexusofgdpfdiinflationexchangeraterenewableenergytradeopennessandopeninnovationinsingaporenewevidencefromtheardlmethod |