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On the Obituary of Scientific Knowledge Monopoly

Simplice Asongu

MPRA Paper from University Library of Munich, Germany

Abstract: The August 15th 2013 Shanghai Academic Rankings of World Universities (ARWU) should leave policy makers wondering about whether the impressive growth experienced by ‘latecomers in the industry' has moved hand-in-hand with contribution to knowledge by means of scientific publications. Against this background, we model the obituary of scientific knowledge monopoly in 99 countries using 21 catch-up panels from 6 regions (South Asia, Europe & Central Asia, East Asia & the Pacific, Middle East & North Africa, Latin America & the Caribbean and, Sub-Saharan Africa). The findings broadly show that the obituary of scientific knowledge monopoly by developed countries is not in the near-horizon. Advanced nations that have mastered the dynamics of knowledge monopoly will continue to lead the course of knowledge economy. Justifications for the patterns and policy implications are discussed.

Keywords: Research & Development; Catch-up; Knowledge Economy (search for similar items in EconPapers)
JEL-codes: F42 O10 O30 O38 O57 (search for similar items in EconPapers)
Date: 2013-09
New Economics Papers: this item is included in nep-ino, nep-knm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in Economics Bulletin 4.33(2013): pp. 2718-2731

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