The relationship between technological innovation and production efficiency in manufacturing sector across economies

This paper aims to investigate the relationship between technological innovation and production efficiency in the manufacturing sector across a wide range of economies. The data collected for this study is from a questionnaire from the World Bank Enterprise Survey, manufacturing module in 2018. The questionnaire covers a series of questions tackling the companies in the manufacturing sectors, among which we carefully selected the questions and data relevant to our study. Our dataset comprises approximately 4,320 observations across developed or developing economies. The data will be analysed using ordinary least square (OLS) regression analysis. The results depict a significant and positive relationship between technological innovation and production efficiency. The findings also provide useful implications for governments and policymakers in the development and regulations of the manufacturing sector to achieve a higher level of sustainable development. However, further research is expected to measure the precise impact of technological innovation on sustainable development.