Knowledge-Driven Economic Growth: The Case of Sub-Saharan Africa

Stephen Oluwatobi, Isaiah Olurinola (), Philip Alege () and Adeyemi Ogundipe ()
Additional contact information
Isaiah Olurinola: Covenant University, Nigeria
Philip Alege: Covenant University, Nigeria
Adeyemi Ogundipe: Covenant University, Nigeria

No 18/030, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: The experience of South Korea, India, China and Singapore reveals that developing economies can fasttrack development, leapfrog the stages of development and catch up with advanced economies by putting knowledge capital as the driver of development. If the knowledge economy is therefore an accelerant of development for both advanced and developing economies, it is possible for Sub-Saharan African (SSA) economies to also catch up with advanced economies. It was on this basis that this study assessed the knowledge capacity of SSA and the effect it has on its economic advancement. Given the importance of the interrelatedness among the knowledge economy elements, this study, thus, examined how the interaction effect between the elements of the knowledge economy affects economic growth in 32 SSA countries, for which data were available, over the period of 17 years (1996-2012). Using the System Generalized Method of Moments (SGMM), the study found out that institutions and human capital in SSA mitigate the effect of innovation on economic growth in the region, thus, making it a lean knowledge economy.

Keywords: Economic Growth; Human Capital; ICT; Innovation; Institutions; Knowledge Economy (search for similar items in EconPapers)
JEL-codes: O10 O30 O38 O55 O57 (search for similar items in EconPapers)
Pages: 30
Date: 2018-01
New Economics Papers: this item is included in nep-afr, nep-ino, nep-knm and nep-sea
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Forthcoming: Contemporary Social Science

Downloads: (external link)
http://www.afridev.org/RePEc/agd/agd-wpaper/Knowle ... b-Saharan-Africa.pdf Revised version, 2018 (application/pdf)

Related works:
Journal Article: Knowledge-driven economic growth: the case of Sub-Saharan Africa (2020)
Working Paper: Knowledge-Driven Economic Growth: The Case of Sub-Saharan Africa (2018)
Working Paper: Knowledge-Driven Economic Growth: The Case of Sub-Saharan Africa (2018)
Working Paper: Knowledge-Driven Economic Growth: The Case of Sub-Saharan Africa (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agd:wpaper:18/030

Access Statistics for this paper

More papers in Working Papers of the African Governance and Development Institute. from African Governance and Development Institute. Contact information at EDIRC.
Bibliographic data for series maintained by Asongu Simplice ().