Does Intelligence Affect Economic Diversification?

German Economic Review,19(1), pp. 74–93 (February 2018 )

16 Pages Posted: 27 Apr 2015 Last revised: 17 Jan 2018

See all articles by Oasis Kodila-Tedika

Oasis Kodila-Tedika

University of Kinshasa - Department of Economics

Simplice Asongu

African Governance and Development Institute

Date Written: August 26, 2014

Abstract

This paper extends the growing literature on knowledge economy by investigating the effect of intelligence on economic diversification. Using a battery of estimation techniques that are robust to endogeneity, we find that human capital has positive correlations with export diversification, manufactured added value and export manufactures. This empirical evidence is based on a world sample for the year 2010. The findings have significant implications for the fight against the Dutch disease. In essence, investing in human capital could bring economic diversity and therefore dampen negative external shocks related to resource-dependence. Other knowledge-economy implications are discussed.

Keywords: Intelligence; Economic Diversification

JEL Classification: O01; O04; O55; I32; I02

Suggested Citation

Kodila-Tedika, Oasis and Asongu, Simplice, Does Intelligence Affect Economic Diversification? (August 26, 2014). German Economic Review,19(1), pp. 74–93 (February 2018 ). Available at SSRN: https://ssrn.com/abstract=2599257 or http://dx.doi.org/10.2139/ssrn.2599257

Oasis Kodila-Tedika (Contact Author)

University of Kinshasa - Department of Economics ( email )

Kinshasa
Democratic Republic of the Congo

Simplice Asongu

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

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