Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204955
Authors: 
Asongu, Simplice
Amavilah, Voxi Heinrich S.
Andrés, Antonio R.
Year of Publication: 
2019
Series/Report no.: 
AGDI Working Paper WP/19/004
Abstract: 
This paper develops a framework (a) to examine whether or not the African business e nvironment hinders or promotes the knowledge economy (KE), (b) to determine how the KE affects econom ic performance, and (c) how economic performance relates to the inequality-adjusted human socioeconomic development (IHDI) of 53 African countries during the 1996-2010 time period. We estimate the linkages with three related equations. The results support a strong correlation between the dynamics of st arting and doing business and variations in KE. The results also show that there exists a weak link between KE and economic performance. Nonetheless, KE-influenced performance plays a more important role i n socioeconomic development than some of the conventional control variables like foreign direct investment (FDI), foreign aid, and even private investment.
Subjects: 
Business Dynamics
Knowledge Economy
Economic Performance
Instrumental Variables
Panel Data
Inclusive Growth and Development
Sub-Saharan Africa
JEL: 
L59
O10
O30
O20
O55
Document Type: 
Working Paper

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