Abstract
Empirical literature has shown that the stock of knowledge could be broadly
defined as an important factor for economic growth. On the other hand, a number
of studies provide evidence of the contribution of knowledge spillover to regional
economic development. The aim of this study is to analyze the stylized facts
related to knowledge economy, investment in R&D and technological
improvement in the Middle East region, in order to adopt policies and strategies
for the region countries to use the benefits of knowledge-based economy. The
results of the study indicate that related investments in research and development,
education, information structure and innovation have been insufficient in most
countries of the region; and investment to develop knowledge-base economy as
well as intra & inter regional knowledge spillovers could be a source of economic
growth and development for the region.
Keywords
Knowledge-base economy Knowledge spillovers Economic growth Regional development Middle East.
References
- Global Economy”, The MIT Press, Cambridge, MA. Helpman, Elhanan (2004), The Mystery of Economic Growth, Harvard University Press, Cambridge, MA.
- Helpman, Elhanan (2008), Institutions and Economic Performance, Harvard
- University Press, Cambridge, MA. Griliches, Zvi,(1992) “The Search for R&D Spillovers”, Scandinavian Journal of
- Economics, vol. 94(0), pp S29-47 (Supplement). Romer, Paul. (1986), “Increasing Returns and Long Run Growth”, Journal of
- Political Economy, vol. 94, 1002-1037.
- Romer, Paul (1990), Endogenous Technological Change, Journal of Political Economy, vol. 98, pp 71-102.
- Aubert, Jean-Eric, Reiffers, Jean-Louis (2003), “Knowledge Economies in the Middle East and North Africa: Toward New Development Strategies”, The World Bank, Washington, D.C.
- Breschi, Stefano and Francesco Lissoni (2001), Localized Knowledge Spillovers vs. Innovative Milieux: Knowledge Tacitness Reconsidered, Papers in Regional Science 80, 255-273
- Maier, Gunther, Kurka, Bernhard and Michaela Trippl (2007), “Knowledge
- Spillover Agents and Regional Development: Spatial Distribution and Mobility of Star Scientists”, DYNREG Working Paper Series, Paper No. 17, A-1090 Vienna, Austria.
- Karlsson, Charlie and Urban Gråsjö, (2012), “Knowledge flows, knowledge externalities and regional economic development”, CSIR Electronic Working
- Paper Series, Paper No. 2012/5.
- Karagiannis, Stelios (2007), “The Knowledge-Based Economy, Convergence and Economic Growth: Evidence from the European Union”, Centre of Planning and Economic Research, Athens, Greece.
- Uppenberg, Kristian (2009), “The knowledge economy in Europe, European Investment Bank.
- World Bank’s Knowledge Assessment Methodology (KAM): www.worldbank.org/kam World Development Indicators (WDI), 2012: data.worldbank.org
Abstract
References
- Global Economy”, The MIT Press, Cambridge, MA. Helpman, Elhanan (2004), The Mystery of Economic Growth, Harvard University Press, Cambridge, MA.
- Helpman, Elhanan (2008), Institutions and Economic Performance, Harvard
- University Press, Cambridge, MA. Griliches, Zvi,(1992) “The Search for R&D Spillovers”, Scandinavian Journal of
- Economics, vol. 94(0), pp S29-47 (Supplement). Romer, Paul. (1986), “Increasing Returns and Long Run Growth”, Journal of
- Political Economy, vol. 94, 1002-1037.
- Romer, Paul (1990), Endogenous Technological Change, Journal of Political Economy, vol. 98, pp 71-102.
- Aubert, Jean-Eric, Reiffers, Jean-Louis (2003), “Knowledge Economies in the Middle East and North Africa: Toward New Development Strategies”, The World Bank, Washington, D.C.
- Breschi, Stefano and Francesco Lissoni (2001), Localized Knowledge Spillovers vs. Innovative Milieux: Knowledge Tacitness Reconsidered, Papers in Regional Science 80, 255-273
- Maier, Gunther, Kurka, Bernhard and Michaela Trippl (2007), “Knowledge
- Spillover Agents and Regional Development: Spatial Distribution and Mobility of Star Scientists”, DYNREG Working Paper Series, Paper No. 17, A-1090 Vienna, Austria.
- Karlsson, Charlie and Urban Gråsjö, (2012), “Knowledge flows, knowledge externalities and regional economic development”, CSIR Electronic Working
- Paper Series, Paper No. 2012/5.
- Karagiannis, Stelios (2007), “The Knowledge-Based Economy, Convergence and Economic Growth: Evidence from the European Union”, Centre of Planning and Economic Research, Athens, Greece.
- Uppenberg, Kristian (2009), “The knowledge economy in Europe, European Investment Bank.
- World Bank’s Knowledge Assessment Methodology (KAM): www.worldbank.org/kam World Development Indicators (WDI), 2012: data.worldbank.org
Details
| Other ID | JA53UR58FU |
|---|---|
| Journal Section | Articles |
| Authors | |
| Publication Date | December 1, 2013 |
| Published in Issue | Year 2013 Volume: 5 Issue: 2 |