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Does Intelligence Affect Economic Diversification?

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  • Kodila-Tedika, Oasis
  • Asongu, Simplice A

Abstract

This paper extends the growing literature on knowledge economy by investigating the effect of intelligence on economic diversification. Using a battery of estimation techniques that are robust to endogeneity, we find that human capital has positive correlations with export diversification, manufactured added value and export manufactures. This empirical evidence is based on a world sample for the year 2010. The findings have significant implications for the fight against the Dutch disease. In essence, investing in human capital could bring economic diversity and therefore dampen negative external shocks related to resource-dependence. Other knowledge-economy implications are discussed.

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  • Kodila-Tedika, Oasis & Asongu, Simplice A, 2014. "Does Intelligence Affect Economic Diversification?," MPRA Paper 66601, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:66601
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    Cited by:

    1. Simplice A. Asongu & Oasis Kodila-Tedika, 2020. "Intelligence and Slave Exports from Africa," Journal of Interdisciplinary Economics, , vol. 32(2), pages 145-159, July.

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    More about this item

    Keywords

    Intelligence; Economic Diversification;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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