Journal of economics and regional development

The Evaluation of Impacts of Knowledge-based Economy Factors on Total Factor Productivity Selected OIC Countries

Document Type : Research article

Author

Abolfazl Shahabadi
https://doi.org/10.22067/erd.v1392i5.30534
Abstract
The Evaluation of Impacts of Knowledge-based Economy Factors on Total Factor Productivity Selected OIC Countries

Abolfazl Shahabadi
Assistant Professor, University of Bu-Ali Sina, Hamedan
Fatemeh Kimiaie
MA in Economics, University of Tehran
Mohammad Arbabafzali
MA in Economics, University of Tehran

Abstract
This Article evaluates the impacts of knowledge-based economy factors on total factor productivity selected OIC countries by using panel data approach and GLS method during 1996-2009. The results indicate that the ratio of accumulation of education costs to GDP in selected OIC countries; have a negative impact on TFP that is due to lack of demand-driven human capital. But the ratio of accumulation of domestic R&D capital stock to GDP (because of supply-driven internal R&D activities) and the ratio of accumulation of foreign R&D capital stock to GDP have a very small impact on TFP. But the ratio of ICT capital stock to GDP have the significant positive impact on TFP in selected OIC Countries.

Keywords: Total Factor Productivity, Research and Development, Human Capital, Knowledge Based Economy

JEL: C23, E23, O11, O31, O47

Keywords

Total Factor productivity
Research and Development
Human Capital
Knowledge Based Economy
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  • Receive Date 04 January 2014

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