Modeling the Future of Knowledge Economy: Evidence from SSA and MENA Countries
Economics Bulletin, 33 (1), pp. 612-624 (2013).
14 Pages Posted: 9 Sep 2014 Last revised: 1 Apr 2015
Date Written: January 8, 2013
This paper projects the future of knowledge economy (KE) in SSA and MENA countries using the four components of the World Bank’s Knowledge Economy Index (KEI): economic incentive, education, ICTs and innovation. The empirical evidence provides the speeds of integration as well as the time necessary to achieve full integration. Findings broadly indicate SSA and MENA countries with low levels in KE will catch-up their counterparts with higher levels in a horizon of 4 to 7.5 years.
Keywords: Knowledge economy; Principal Component Analysis; Panel data; Convergence
JEL Classification: F42; O10; O38; O57; P00
Suggested Citation: Suggested Citation