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Trajectories of knowledge economy in SSA and MENA countries

Simplice A. Asongu and Antonio R. Andrés

Technology in Society, 2020, vol. 63, issue C

Abstract: In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-based economy dimensions. The paper employs all the four components of the World Bank's Knowledge Economy Index (KEI): economic incentives, innovation, education, and information infrastructure. The main finding suggests that sub-Saharan African (SSA) and the Middle East and North African (MENA) countries with low levels of KE dynamics and catching-up their counterparts of higher KE levels. We provide the speeds of integration and time necessary to achieve full (100%) integration. Policy implications are also discussed.

Keywords: Knowledge economy; Principal component analysis; Panel data; Convergence; Development (search for similar items in EconPapers)
JEL-codes: F42 O10 O38 O57 P00 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:63:y:2020:i:c:s0160791x18303439

DOI: 10.1016/j.techsoc.2019.03.002

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