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An Econometric Analysis of the Role of Knowledge in Economic Performance

Author

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  • Ahmed Driouchi
  • El Azelmad
  • Gary Anders

    ()

Abstract

We conduct a regression analysis of the effects of knowledge on aggregate economic performance using data from the United Nations Development Program (UNDP) and the World Bank for four groups of countries during 1995–2001. Our results indicate that knowledge is a key driver of economic growth for each group of countries. More importantly, we find that variation in economic performance among these groups may be related to the timing of investment in education, R&D, and information technology, as well as economic policies that affect trade and foreign direct investment. Copyright Springer Science+Business Media, Inc. 2006

Suggested Citation

  • Ahmed Driouchi & El Azelmad & Gary Anders, 2006. "An Econometric Analysis of the Role of Knowledge in Economic Performance," The Journal of Technology Transfer, Springer, vol. 31(2), pages 241-255, March.
  • Handle: RePEc:kap:jtecht:v:31:y:2006:i:2:p:241-255
    DOI: 10.1007/s10961-005-6109-9
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    File URL: http://hdl.handle.net/10.1007/s10961-005-6109-9
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    Citations

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    Cited by:

    1. Boboc, Cristina & Driouchi, Ahmed & Titan, Emilia, 2010. "Interrelations between Education, Health, Income and Economic Development in Europe with Emphasis on New Members of European Union," MPRA Paper 22235, University Library of Munich, Germany, revised 19 Apr 2010.
    2. Amavilah, Voxi Heinrich, 2007. "The effects of technology-as-knowledge on the economic performance of developing countries: An econometric analysis using annual publications data for Botswana, Namibia, and South Africa, 1976-2004," MPRA Paper 3482, University Library of Munich, Germany.
    3. Suleiman “Sul” Kassicieh, 2010. "The Knowledge Economy and Entrepreneurial Activities in Technology-Based Economic Development," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 1(1), pages 24-47, March.

    More about this item

    Keywords

    economic development; Knowledge Economy Index; economic policy; O31; O33; O38;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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