Knowledge Economy Gaps, Policy Syndromes and Catch-Up Strategies: Fresh South Korean Lessons to Africa

Abstract

JEL Classification: O10; O30; O38; O55; O57

Fighting terrorism in Africa: Benchmarking policy harmonization

“…Within the framework of this study, for the purpose of simplicity and clarity, a could be reported instead of β and the first information criterion ' 1 0   a ' used to assess evidence of catch-up. This latter interpretation is consistent with recent convergence literature (Prochniak & Witkowski, 2012a, p. 20;Prochniak & Witkowski, 2012b, p. 23;Asongu & Nwachukwu, 2016a, 2017a.…”

“…Nonetheless some researchers have also continued to employ the beta-convergence technique because it discloses information about structural parameters of growth, which is not provided by the distribution approach. In light of the above, both the sigma and beta catch-up approaches have been employed in recent literature in order to provide more room for robustness (Asongu, 2017a).…”

Openness, ICT and Entrepreneurship in Sub-Saharan Africa

“…The strand of studies underlying this consensus maintains that SSA is lagging in the drive towards the knowledge economy (KE) which is vital for contemporary economic prosperity (Anyanwu, 2012;Asongu, 2017b). In principle, whereas North America and Europe have being charting the course of development 1 Entrepreneurship and 'doing business' are used interchangeably throughout the study.…”

The Role of Openness in the Effect of ICT on Governance

“…This economic interpretation is an indication that the catch-up theory can be conceived beyond income-convergence (see Asongu, 2014b). Such theoretical contribution is supported both by the literature on the neoclassical growth models (Swan, 1956;Solow, 1956;Baumol, 1986;Barro, 1991;Barro & Sala-i-Martin, 1992Mankiw et al, 1992;Fung, 2009) and other areas of economic development, notably: inclusive human development (Mayer-Foulkes, 2010); financial markets (Bruno et al, 2012;Narayan et al, 2011); knowledge economy (Asongu, 2017b) and negative government signals in the prediction of chaotic events like the 2011 Arab Spring (Asongu & Nwachukwu, 2016a).…”

“…According to this strand of literature, Africa is lagging behind in the drive towards knowledge economy (KE) which is crucial for contemporary development (Anyanwu, 2012;Asongu, 2017b). The narrative maintains that the course of global development is being charted by North America and Europe because they are frontier nations that have mastered the dynamics of KE.…”