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

Author Info

  • 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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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
Contact details of provider: Web page: http://www.afridev.org/index.php/en/Email:


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

Other versions of this item:

Find related papers by JEL classification:
  • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
  • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
  • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
  • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
  • P00 - Economic Systems - - General - - - General

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  1. Asongu Simplice, 2013. "The Knowledge Economy-finance nexus: how do IPRs matter in SSA and MENA countries?," Working Papers 13/023, African Governance and Development Institute..
  2. Asongu Simplice & Antonio R. Andrés, 2012. "Fighting software piracy: which governance tools matter in Africa?," Working Papers 12/017, African Governance and Development Institute..
  3. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
  4. Richard Blundell & Steve Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
  5. Simplice A, Asongu, 2012. "Harmonizing IPRs on Software Piracy: Empirics of Trajectories in Africa," MPRA Paper 42466, University Library of Munich, Germany.
  6. Hossein Askari & Rana Atie & Nicolas Khouri, 2003. "Intra-middle eastern trade: why is it so low?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 56(226), pages 223-257.
  7. 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.
  8. M Arellano & O Bover, 1990. "Another Look at the Instrumental Variable Estimation of Error-Components Models," CEP Discussion Papers dp0007, Centre for Economic Performance, LSE.
  9. Simplice A, Asongu, 2012. "African Financial Development Dynamics: Big Time Convergence," MPRA Paper 36053, University Library of Munich, Germany.
  10. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 1127-70, November.
  11. Voxi Heinrich Amavilah, 2009. "Knowledge of African countries: production and value of doctoral dissertations," Applied Economics, Taylor & Francis Journals, vol. 41(8), pages 977-989.
  12. Simplice A, Asongu, 2012. "Software piracy, inequality and the poor: evidence from Africa," MPRA Paper 43860, University Library of Munich, Germany.
  13. Narayan, Paresh Kumar & Mishra, Sagarika & Narayan, Seema, 2011. "Do market capitalization and stocks traded converge? New global evidence," Journal of Banking & Finance, Elsevier, vol. 35(10), pages 2771-2781, October.
  14. 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, vol. 58(2), pages 277-97, April.
  15. Henry Kaiser, 1974. "An index of factorial simplicity," Psychometrika, Springer, vol. 39(1), pages 31-36, March.
  16. Mauro Costantini & Claudio Lupi, 2005. "Stochastic convergence among European economies," Economics Bulletin, AccessEcon, vol. 3(38), pages 1-17.
  17. Asongu Simplice, 2012. "Financial sector competition and knowledge economy: evidence from SSA and MENA countries," Working Papers 12/021, African Governance and Development Institute..
  18. Asongu Simplice, 2012. "African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment," Working Papers 12/004, African Governance and Development Institute..
  19. Fung, Michael K., 2009. "Financial development and economic growth: Convergence or divergence?," Journal of International Money and Finance, Elsevier, vol. 28(1), pages 56-67, February.
  20. Asongu Simplice, 2012. "Are Proposed African Monetary Unions Optimal Currency Areas? Real, Monetary and Fiscal Policy Convergence Analysis," Working Papers 12/006, African Governance and Development Institute..
  21. Magnus Saxegaard, 2006. "Excess Liquidity and the Effectiveness of Monetary Policy; Evidence From Sub-Saharan Africa," IMF Working Papers 06/115, International Monetary Fund.
  22. 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.
  23. Simplice A. Asongu, 2013. "Real and monetary policy convergence: EMU crisis to the CFA zone," Journal of Financial Economic Policy, Emerald Group Publishing, vol. 5(1), pages 20-38, February.
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Cited by:

  1. Asongu Simplice, 2014. "Knowledge Economy and Financial Sector Competition in African Countries," Working Papers 14/006, African Governance and Development Institute..
  2. Amavilah Voxi & Asongu Simplice & Andrés Antonio, 2014. "Globalization, Peace & Stability, Governance, and Knowledge Economy," Working Papers 14/012, African Governance and Development Institute..
  3. Simplice Anutechia Asongu, 2014. "Knowledge Economy Gaps, Policy Syndromes and Catch-up Strategies: Fresh South Korean Lessons to Africa," AAYE Policy Research Working Paper Series 14_026, Association of African Young Economists, revised Dec 2014.
  4. Asongu, Simplice, 2014. "Fresh Patterns of Liberalization, Bank Return and Return Uncertainty in Africa," MPRA Paper 56813, University Library of Munich, Germany.
  5. Simplice Asongu & Jacinta Nwachukwu, 2014. "The Role of Lifelong Learning in Political Stability and Non-violence: Evidence from Africa," Working Papers 14/029, African Governance and Development Institute..
  6. Asongu, Simplice A, 2013. "Fighting African Capital Flight: Empirics on Benchmarking Policy Harmonization," MPRA Paper 48469, University Library of Munich, Germany.
  7. Simplice A Asongu, 2013. "On the Obituary of Scientific Knowledge Monopoly," Economics Bulletin, AccessEcon, vol. 33(4), pages 2718-2731.

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