The Knowledge-Based Economy, Convergence and Economic Growth: Evidence from the European Union
作者： Stelios Karagiannis
DOI: 10.1016/J.JECA.2007.02.005
关键词: Macroeconomics 、 Lisbon Strategy 、 Affect (psychology) 、 Panel data 、 Information and Communications Technology 、 European union 、 Knowledge economy 、 Convergence (economics) 、 Economics 、 Human capital
摘要: Abstract The aim of this study is to estimate the effect that knowledge-based economy objective has on economic growth, which ultimate EU's Lisbon Strategy (LS). In particular we are interested in identifying whether policies and investments linked with transition a related higher growth. To investigate above research hypothesis, dynamic panel data growth model used, based Barro & Sala-i-Martin (1995), for 1990–2003 period. Growth empirics were estimated regarding full sample, as well two sub-groups consisting high low-income member-states. Results suggest R&D expenditure originating from abroad affect GDP rates significantly positively, also do human capital educational characteristics Information Communication Technology (ICT).
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