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The objective of this study is to examine the impact of innovation on three heterogeneous countries, Canada, South Korea, and Pakistan by using the consistent time series data from 1991-2011. The results confirmed the positive association between innovation and country’s economic growth controlling the factors of FDI inflows, R&D expenditures, high technology exports, patent applications residents, and scientific & technical journals. The study conclude that technological innovation have a substantial impact on increasing country’s economic growth, hence it is imperative to device strong policies to attract foreign investors to devote resources in a host country for development.
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