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The role of knowledge economy in Asian business

Shumaila Zeb ()
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Shumaila Zeb: Shaheed Zulfikar Ali Bhutto Institute of Science and Technology

Future Business Journal, 2022, vol. 8, issue 1, 1-13

Abstract: Abstract The study examines the role of the knowledge economy (KE) in Asian businesses in 45 countries for 2000–2019. KE indicators include education, economic incentives, innovation, institutional regime, and information and communication technology. The business indicators used in the study are starting, doing, and closing business. The empirical analysis is carried out by applying principal component analysis (PCA) and instrument variable panel fixed effects estimator. The results proved that the KE indicators are essential to improve businesses in Asia. They help the economies to boost their business sector and help to fight against poverty and unemployment.

Keywords: Knowledge Economy; Business growth; Asian Business (search for similar items in EconPapers)
JEL-codes: L59 O10 O20 O50 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1186/s43093-021-00112-6

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