Enhancing the Knowledge Economy: A Cross-Country Study of Knowledge Creation

Md Zubab Ibne Moid (), Emefa Buaka () and Albert Link
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Md Zubab Ibne Moid: University of North Carolina at Greensboro, Department of Economics
Emefa Buaka: University of North Carolina at Greensboro, Department of Economics

No 23-8, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: We identify quantitatively, using cross-country data from the Global Innovation Index, a path through which R&D (research and development) operates to affect economic growth and development. The path we consider is one that relates to enhancing the knowledge economy. Specifically, we contribute to the literature through the quantification of the antecedents and consequences of newly created knowledge: R&D creation of new knowledge economic growth and development. And, we show statistically that the R&D creation of new knowledge relationship is enhanced when businesses collaborate with universities. Not only is this collaborative indirect relationship new to the knowledge creation literature, but also it is based on the estimation of a model specification that has not previously been considered.

Keywords: Global Innovation Index; knowledge economy; R&D; business-university collaboration (search for similar items in EconPapers)
JEL-codes: O33 O47 O50 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2023-10-18
New Economics Papers: this item is included in nep-cse, nep-ent, nep-gro, nep-ino, nep-knm, nep-sbm and nep-tid
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Journal Article: Enhancing the Knowledge Economy: a Cross-Country Study of Knowledge Creation (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2023_008

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