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Knowledge and Economic Growth: Evidence from Some Developing Countries

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  • Alireza Poorfaraj
  • Hadi Keshavarz

Abstract

The purpose of this paper is to estimate the impact of Knowledge Index consist of R&D, human resources and diffusion of ICT on economic growth in developing countries. To do so we have used a sample of 16 developing countries for which the necessary data were available for the period 2000- 2008. In this paper knowledge economy index (R&D, human resources and diffusion of ICT), Investment (Gross fixed capital formation), general government consumption and labor force considered as explanatory variables and GDP as a dependent variable. Our findings based on panel data econometrics method indicate that the impact of knowledge index on economic growth in the countries under consideration is positive and significance. Therefore, the expansion of knowledge in these countries is suggested.

Suggested Citation

  • Alireza Poorfaraj & Hadi Keshavarz, 2011. "Knowledge and Economic Growth: Evidence from Some Developing Countries," Journal of Education and Vocational Research, AMH International, vol. 1(1), pages 21-25.
    • Handle: RePEc:rnd:arjevr:v:1:y:2011:i:1:p:21-25
    DOI: 10.22610/jevr.v1i1.4
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    1. Hichem Saidi & Abdelaziz Hakimi & Houssem Rachdi, 2024. "On the Technology-Growth Relationship: Does the Institutional Quality Matter? A Panel Simultaneous Equation Framework," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3439-3465, March.
    2. Fatma M. Utku-İsmihan, 2012. "The Role of Knowledge on Economic Growth: The Case of Turkey, 1963-2010," STPS Working Papers 1207, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Sep 2012.

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