Trajectories in Knowledge Economy: Empirics from SSA and MENA Countries

African Governance and Development Institute Working Paper No. 15/060

32 Pages Posted: 5 Mar 2016

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Antonio Andrés

Universidad Camilo José Cela

Date Written: December 2, 2015

Abstract

In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-base-economy dimensions. The paper employs all the four components of the World Bank’s Knowledge Economy Index (KEI): economic incentives, innovation, education, and information infrastructure. The main finding suggests that sub-Saharan African (SSA) and the Middle East and North African (MENA) countries with low levels in KE dynamics and catching-up their counterparts of higher KE levels. We provide the speeds of integration and time necessary to achieve full (100%) integration. Policy implications are discussed.

Keywords: Knowledge economy; Principal component analysis; Panel data; Convergence

JEL Classification: F42; O10; O38; O57; P00

Suggested Citation

Asongu, Simplice and Andrés, Antonio, Trajectories in Knowledge Economy: Empirics from SSA and MENA Countries (December 2, 2015). African Governance and Development Institute Working Paper No. 15/060. Available at SSRN: https://ssrn.com/abstract=2741347 or http://dx.doi.org/10.2139/ssrn.2741347

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Antonio Andrés

Universidad Camilo José Cela ( email )

Castillo de Alarcón, 49 Urb
Villafranca del Castillo
Madrid
Spain

HOME PAGE: http://www.ucjc.es

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