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

Simplice Asongu

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Knowledge economy; Principal Component Analysis; Panel data; Convergence (search for similar items in EconPapers)
JEL-codes: F42 O10 O38 O57 P0 P00 (search for similar items in EconPapers)
Date: 2013-01-15
New Economics Papers: this item is included in nep-ara and nep-knm
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Citations: View citations in EconPapers (55)

Published in Economics Bulletin 1.33(2013): pp. 612-624

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Related works:
Journal Article: Modeling the future of knowledge economy: evidence from SSA and MENA countries (2013)
Working Paper: Modeling the future of knowledge economy: evidence from SSA and MENA countries (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44709

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