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
Date Written: December 2, 2015
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: Suggested Citation