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Modeling the future of knowledge economy: evidence from SSA and MENA countries

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  • Asongu Simplice

    ()
    (Yaoundé/Cameroun)

Abstract

This paper projects the future of knowledge economy (KE) in SSA and MENA countries using the four components of the World Bank’s Knowledge Economy Index (KEI): economic incentive, education, ICTs and innovation. The empirical evidence provides the speeds of integration as well as the time necessary to achieve full integration. Findings broadly indicate SSA and MENA countries with low levels in KE will catch-up their counterparts with higher levels in a horizon of 4 to 7.5 years.

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File URL: http://www.afridev.org/RePEc/agd/agd-wpaper/Modeling-the-future-of-Knowledge-Economy.-Evidence-from-SSA-and-MENA-countries.pdf
File Function: Revised version, 2013
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Bibliographic Info

Paper provided by African Governance and Development Institute. in its series Working Papers with number 13/015.

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Length: 14
Date of creation: 15 Jan 2013
Date of revision:
Publication status: Published in Economics Bulletin
Handle: RePEc:agd:wpaper:13/015

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Keywords: Knowledge economy; Principal Component Analysis; Panel data; Convergence;

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References

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  1. Simplice A, Asongu, 2012. "African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment," MPRA Paper 36055, University Library of Munich, Germany.
  2. R Blundell & Steven Bond, . "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers, Economics Group, Nuffield College, University of Oxford W14&104., Economics Group, Nuffield College, University of Oxford.
  3. Robert J. Barro, 1995. "Inflation and Economic Growth," NBER Working Papers 5326, National Bureau of Economic Research, Inc.
  4. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 110(4), pages 1127-70, November.
  5. Asongu Simplice, 2012. "African Financial Development Dynamics: Big Time Convergence," Working Papers, African Governance and Development Institute. 12/003, African Governance and Development Institute..
  6. M Arellano & O Bover, 1990. "Another Look at the Instrumental Variable Estimation of Error-Components Models," CEP Discussion Papers, Centre for Economic Performance, LSE dp0007, Centre for Economic Performance, LSE.
  7. Simplice A Asongu, 2013. "The ‘Knowledge Economy'-finance nexus: how do IPRs matter in SSA and MENA countries?," Economics Bulletin, AccessEcon, vol. 33(1), pages 78-94.
  8. Simplice A. Asongu, 2013. "Real and monetary policy convergence: EMU crisis to the CFA zone," Journal of Financial Economic Policy, Emerald Group Publishing, Emerald Group Publishing, vol. 5(1), pages 20-38, February.
  9. Hossein Askari & Rana Atie & Nicolas Khouri, 2003. "Intra-middle eastern trade: why is it so low?," BNL Quarterly Review, Banca Nazionale del Lavoro, Banca Nazionale del Lavoro, vol. 56(226), pages 223-257.
  10. Asongu Simplice, 2012. "Financial sector competition and knowledge economy: evidence from SSA and MENA countries," Working Papers, African Governance and Development Institute. 12/021, African Governance and Development Institute..
  11. Simplice A, Asongu, 2012. "Fighting software piracy in Africa: how do legal origins and IPRs protection channels matter?," MPRA Paper 42766, University Library of Munich, Germany.
  12. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 58(2), pages 277-97, April.
  13. repec:ebl:ecbull:v:3:y:2005:i:38:p:1-17 is not listed on IDEAS
  14. Narayan, Paresh Kumar & Mishra, Sagarika & Narayan, Seema, 2011. "Do market capitalization and stocks traded converge? New global evidence," Journal of Banking & Finance, Elsevier, Elsevier, vol. 35(10), pages 2771-2781, October.
  15. Antonio R. Andrés & Simplice A. Asongu, 2012. "Fighting software piracy: Which governance tools matter in Africa?," Development Research Working Paper Series, Institute for Advanced Development Studies 10/2012, Institute for Advanced Development Studies.
  16. Magnus Saxegaard, 2006. "Excess Liquidity and the Effectiveness of Monetary Policy," IMF Working Papers, International Monetary Fund 06/115, International Monetary Fund.
  17. Simplice Asongu, 2013. "Harmonizing IPRs on Software Piracy: Empirics of Trajectories in Africa," Journal of Business Ethics, Springer, Springer, vol. 118(1), pages 45-60, November.
  18. Mauro Costantini & Claudio Lupi, 2005. "Stochastic convergence among European economies," Economics Bulletin, AccessEcon, vol. 3(38), pages 1-17.
  19. Simplice A, Asongu, 2012. "Are Proposed African Monetary Unions Optimal Currency Areas? Real, Monetary and Fiscal Policy Convergence Analysis," MPRA Paper 41552, University Library of Munich, Germany.
  20. Voxi Heinrich Amavilah, 2009. "Knowledge of African countries: production and value of doctoral dissertations," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 41(8), pages 977-989.
  21. Asongu Simplice, 2012. "Software piracy, inequality and the poor: evidence from Africa," Working Papers, African Governance and Development Institute. 12/035, African Governance and Development Institute..
  22. Henry Kaiser, 1974. "An index of factorial simplicity," Psychometrika, Springer, Springer, vol. 39(1), pages 31-36, March.
  23. Fung, Michael K., 2009. "Financial development and economic growth: Convergence or divergence?," Journal of International Money and Finance, Elsevier, Elsevier, vol. 28(1), pages 56-67, February.
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Citations

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Cited by:
  1. Simplice A Asongu, 2013. "On the Obituary of Scientific Knowledge Monopoly," Economics Bulletin, AccessEcon, vol. 33(4), pages 2718-2731.
  2. Amavilah Voxi & Asongu Simplice & Andrés Antonio, 2014. "Globalization, Peace & Stability, Governance, and Knowledge Economy," Working Papers, African Governance and Development Institute. 14/012, African Governance and Development Institute..
  3. Asongu Simplice, 2013. "Fighting African Capital Flight: Empirics on Benchmarking Policy Harmonization," Working Papers, African Governance and Development Institute. 13/006, African Governance and Development Institute..
  4. Asongu Simplice, 2014. "Fresh Patterns of Liberalization, Bank Return and Return Uncertainty in Africa," Working Papers, African Governance and Development Institute. 14/004, African Governance and Development Institute..
  5. Asongu Simplice, 2014. "Knowledge Economy Gaps, Policy Syndromes and Catch-up Strategies: Fresh South Korean Lessons to Africa," Working Papers, African Governance and Development Institute. 14/014, African Governance and Development Institute..
  6. Asongu, Simplice A, 2014. "Knowledge Economy and Financial Sector Competition in African Countries," MPRA Paper 57385, University Library of Munich, Germany.

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