An Econometric Analysis of the Role of Knowledge in Economic Performance

Ahmed Driouchi, El Azelmad and Gary Anders ()

The Journal of Technology Transfer, 2006, vol. 31, issue 2, 255 pages

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

Keywords: economic development; Knowledge Economy Index; economic policy; O31; O33; O38 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jtecht:v:31:y:2006:i:2:p:241-255

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DOI: 10.1007/s10961-005-6109-9

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