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MENA Countries Face the Challenge of the Knowledge-Based Economy
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Author(s): Olfa Boussetta (PS2D & FSEGT, University of Tunis El Manar, Tunisia), Najeh Aissaoui (LARIME & ESSECT, University of Tunis, Tunisia)and Fethi Sellaouti (PS2D & FSEGT, University of Tunis El Manar, Tunisia)
Copyright: 2022
Pages: 53
Source title:
Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations
Source Author(s)/Editor(s): Danilo Piaggesi (Knowledge for Development (K4D), USA), Helena Landazuri (Knowledge for Development (K4D), USA)and Bo Jia (Tsinghua University, China)
DOI: 10.4018/978-1-7998-8417-0.ch010
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Abstract
The growing interest in the knowledge economy raises many questions about its effect on economic growth. The study aims to position a set of MENA countries in the context of the knowledge economy compared to developed countries. It also detects theoretically and empirically the knowledge effect on economic growth. To do this, the authors have estimated an endogenous growth model, using the dynamic panel data technique, for a sample of 16 MENA countries over 1995-2014. The results show that, despite the significant improvements that have registered in the knowledge economy pillars, the selected countries are still lagging compared to developed countries. Far from international comparisons, the internal effects of these knowledge pillars (education, innovation, ICT, institutional regime) on growth are positive and highly significant.
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