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Enhancing the Knowledge Economy: A Cross-Country Study of Knowledge Creation

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  • Moid, Md Zubab Ibne

    (University of North Carolina at Greensboro, Department of Economics)

  • Buaka, Emefa

    (University of North Carolina at Greensboro, Department of Economics)

  • Link, Albert

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

We identify quantitatively, using cross-country data from the Global Innovation Index, a path through which R&D (research and development) operates to affect economic growth and development. The path we consider is one that relates to enhancing the knowledge economy. Specifically, we contribute to the literature through the quantification of the antecedents and consequences of newly created knowledge: R&D creation of new knowledge economic growth and development. And, we show statistically that the R&D creation of new knowledge relationship is enhanced when businesses collaborate with universities. Not only is this collaborative indirect relationship new to the knowledge creation literature, but also it is based on the estimation of a model specification that has not previously been considered.

Suggested Citation

  • Moid, Md Zubab Ibne & Buaka, Emefa & Link, Albert, 2023. "Enhancing the Knowledge Economy: A Cross-Country Study of Knowledge Creation," UNCG Economics Working Papers 23-8, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2023_008
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    References listed on IDEAS

    as
    1. Rajeev K. Goel, 2022. "Contributions of creative outputs to economic growth: A disaggregated analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3872-3881, December.
    2. Rosivalda Pereira & Mário Franco, 2023. "University-Firm Cooperation and Regional Development: Proposal of a Model of Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 676-690, June.
    3. Simplice A. Asongu, 2017. "Boosting Scientific Publications in Africa: Which IPRs Protection Channels Matter?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 197-210, March.
    4. Albert N. Link & John T. Scott, 2021. "Scientific publications at U.S. federal research laboratories," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(3), pages 2227-2248, March.
    5. German Blanco & Rajeev K. Goel, 2023. "Do weak institutions undermine global innovation production efficiency?," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1813-1838, October.
    6. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-784, August.
    7. Goel, Rajeev K., 2022. "Contributions of creative outputs to economic growth: A disaggregated analysis," Open Access Publications from Kiel Institute for the World Economy 307991, Kiel Institute for the World Economy (IfW Kiel).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Global Innovation Index; knowledge economy; R&D; business-university collaboration;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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