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

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Date Written: January 8, 2013

Abstract

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

Asongu, Simplice, Modeling the Future of Knowledge Economy: Evidence from SSA and MENA Countries (January 8, 2013). Economics Bulletin, 33 (1), pp. 612-624 (2013). . Available at SSRN: https://ssrn.com/abstract=2493367 or http://dx.doi.org/10.2139/ssrn.2493367

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

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