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The sign of worker remittances in growth regressions is heavily disputed in the literature. Comparing two growth regressions with different signs for the remittance variable we show that collinearity with the lagged dependent variable might indicate that collinearity should be investigated...
Persistent link: https://www.econbiz.de/10010712006
We are interested in the relation between Gini coefficients of education, educational variables, and growth. We specify a system of 14 difference equations with lagged dependent variables in education variables, as well as a growth regression, auxiliary equations for savings and investment...
Persistent link: https://www.econbiz.de/10010712236
The success of nations in the path towards economic development hinges heavily on the emergence and dynamism of a modern sector capable of simultaneously absorbing an increasing share of the labour force while reducing the technological gap with the worlds frontier. Failure to do so would...
Persistent link: https://www.econbiz.de/10010798445
What really makes an economy competitive? This paper reviews and discusses how the capacity to generate, exploit and diffuse new knowledge is key in enabling countries to capitalise on challenges brought about by rapid technology-driven transformations rather than succumb to their adverse...
Persistent link: https://www.econbiz.de/10010856300
Since 1950, there has been considerable diversity in developing country experiences. Some countries and some regions have experienced rapid growth and catch up, others have fallen behind. At a global level there is an increasing inequality of per capita incomes. However, within the framework of...
Persistent link: https://www.econbiz.de/10010856304
This paper discusses the progress in transition to knowledge-based economy in Saudi Arabia. As for the methodology, this paper uses updated secondary data obtained from different sources. It uses both descriptive and comparative approaches and uses the OECD definition of knowledge-based economy...
Persistent link: https://www.econbiz.de/10010856325
This paper employs both the descriptive and comparative approaches and uses the definition of knowledge and knowledge indicators used in the literature to examine the existence and development of the knowledge economy in the Arab region. We fill the gap in the Arab literature and present a more...
Persistent link: https://www.econbiz.de/10010856365
This paper theoretically analyses the dynamics of knowledge accumulation with the aim of understanding how developing economies can effectively engage in the process of knowledge accumulation. The main focus is on the complementarity between competence building and innovation. Our analysis is...
Persistent link: https://www.econbiz.de/10010856379
This paper provides an analytic review of selected contributions to the study of institutions and economic growth. We review the contributions to the study of institutional determinants of long-run growth by Engerman and Sokoloff, and Acemoglu, Johnson and Robinson. We discuss the work of Rodrik...
Persistent link: https://www.econbiz.de/10010856392
This paper employs both the descriptive and comparative approaches and uses the definition of systems of innovation used in the literature to discuss the systems of innovation in the Arab region. We explain that the two common characteristics of poor Arab regional systems of innovation is...
Persistent link: https://www.econbiz.de/10010856434