콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Social Development General

Print

Knowledge economy gaps, policy syndromes and catch-up strategies

Related Document
Frame of Image
  • Knowledge economy gaps, policy syndromes and catch-up strategies
  • Asongu, Simplice A
  • Global Development Network


link
Title Knowledge economy gaps, policy syndromes and catch-up strategies
Similar Titles
Material Type Articles
Author(English)

Asongu, Simplice A

Publisher

[New Delhi]:Global Development Network

Date 2014
Pages 58
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Economic Administration
Social Development < General
Holding Global Development Network

Abstract

Africa’s overall knowledge index fell between 2000 and 2009. South Korea’s economic miracle is largely due to a knowledge-based development strategy that holds valuable lessons for African countries in their current pursuit towards knowledge economies. Using updated data (1996-2010), this paper presents fresh South Korean lessons to Africa by assessing the knowledge economy (KE) gaps, deriving policy syndromes and providing catch-up strategies. The 53 African frontier countries are decomposed into fundamental characteristics of wealth, legal origins, regional proximity, oil-exporting, political stability and landlockedness. The World Bank’s four KE components are used: education, innovation, information & communication technology (ICT) and economic incentives & institutional regime. Absolute beta and sigma convergence techniques are employed as empirical strategies. With the exception of ICT for which catch-up is not very apparent, in increasing order it is visible in: innovation, economic incentives, education and institutional regime. (The rest omitted)