The impact of knowledge economy on economic complexity in Africa
- Authors: Velamva, Siphosethu
- Date: 2023-12
- Subjects: Knowledge management -- Economic aspects -- Africa , Information technology -- Economic aspects -- Africa , Economic development -- Africa , Gross domestic product Economic history Economics
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/66091 , 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. , Thesis (MCom) -- Faculty of Business and Economic Science, School of Economics, Development and Tourism, 2023
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- Date Issued: 2023-12
Effects of different levels of education and government spending on economic growth
- Authors: Malangeni, Luxolo Mihle
- Date: 2021-04
- Subjects: Southern African Development Community , Economic development -- Africa , Economics -- Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/51842 , vital:43377
- Description: This study investigates the impact of the level of education and education spending on economic growth in the Southern African development community (SADC) using annual panel data from 1995 to 2017 using the FMOSLS and DOLS cointegration estimators. Three levels of education are identified in study (primary, secondary and tertiary). Moreover, we create an index of government spending on education corresponding to these three levels of education. The empirical results suggest that there is a positive long-term relationship between secondary education and economic growth but not for other levels of education. Moreover, it is found that only government spending at primary and secondary education contribute to economic growth. The causality analysis for confirm that only secondary education affects economic growth and is affected by government spending on education. Policy implications of the study are discussed. Government should be careful in managing the public spending on education in a way to increase the skilled labor. Education Policies must be drive based on principle. Professional schools must be first priority in education policies in the region. Government should direct the public expenditures on education towards productive sectors that will contribute in improving the standard of living contributing so on economic growth. , Thesis (MCom) -- Faculty of Business and Economic Sciences, Economics, 2021
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- Date Issued: 2021-04