An Econometric Analysis of the Role of Knowledge in Economic Performance |
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| Authors: | Ahmed Driouchi El Mustapha Azelmad Gary C Anders |
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| Institution: | (1) School of Business Administration, Al Akhawayn University, Ifrane, Morocco;(2) School of Global Management and Leadership, Arizona State University West Campus, 4701 W. Thunderbird Road, P.O. Box 47100, Phoenix, AZ, 85069-7100 |
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| Abstract: | We conduct a regression analysis of the effects of knowledge on aggregate economic performance using data from the United
Nations Development Program (UNDP) and the World Bank for four groups of countries during 1995–2001. Our results indicate
that knowledge is a key driver of economic growth for each group of countries. More importantly, we find that variation in
economic performance among these groups may be related to the timing of investment in education, R&D, and information technology,
as well as economic policies that affect trade and foreign direct investment. |
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| Keywords: | economic development Knowledge Economy Index economic policy |
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