- Title
- The impact of knowledge economy on economic complexity in Africa
- Creator
- Velamva, Siphosethu
- Subject
- Knowledge management -- Economic aspects -- Africa
- Subject
- Information technology -- Economic aspects -- Africa
- Subject
- Economic development -- Africa
- Subject
- Gross domestic product Economic history Economics
- Date Issued
- 2023-12
- Date
- 2023-12
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/66091
- Identifier
- vital:74349
- Description
- The paper’s primary goal is to investigate the impact of the Knowledge Economy on the Economic Complexity in Africa. The paper presents the concept of the knowledge economy, an economy where knowledge is the main engine of economic growth and a measure of the knowledge in a country as expressed in the diversification of its products (Economic Complexity). It highlights the knowledge economy framework by the World Bank, which asserts that sustained investments in education, innovation, information and communication technologies, and a conducive economic and institutional environment will lead to increases in the use and creation of knowledge in economic production. Summary findings on machine learning estimates proved method LASSO has the minimum SE, which shows that the method LASSO forecasts the model with much precision than the other methods. The panel quantile regression results designate that the education component, ICT, economic incentives tend to affect ECI significantly and positively, while government indicators and innovation play a partial role.
- Description
- Thesis (MCom) -- Faculty of Business and Economic Science, School of Economics, Development and Tourism, 2023
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (xv, 239 pages)
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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NMU School for Economics, Development and Tourism
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Velamva, S.pdf | 3 MB | Adobe Acrobat PDF | View Details Download |