Mojgan Samandar Ali Eshtehardi; Naser Ali Azimi; Behrooz Shahmoradi
Abstract
Moving towards a knowledge-based economy, in which growth depends on the quantity, quality, and availability of existing information, is of great importance. The amount of technological knowledge available in a country reflects the level of development. One of the most reliable indicators for measuring ...
Read More
Moving towards a knowledge-based economy, in which growth depends on the quantity, quality, and availability of existing information, is of great importance. The amount of technological knowledge available in a country reflects the level of development. One of the most reliable indicators for measuring the amount of technological knowledge of countries is the Economic Complexity Index. The research attempts to examine the causal relationship between the economic complexity and the components of the knowledge economy. To this end, a panel data model was used. The data consists of 113 countries over the period 2016-2006. For the knowledge economy, we used fourteen variables, which were introduced by the World Bank. By employing Principle Component Analysis, four components were calculated as indicators of the four knowledge economic pillars. Then, the Granger causality relation of these components with the economic complexity was investigated. The result shows that there is a two-way causal relationship between the components of Education, Communication and Information Technology, Economic Institution and economic complexity, and one-way causal relationship from Innovation to Economic complexity. Furthermore, the causal relationship varies among OECD and non-OECD countries.
Masoud Sadeghi; Karim Azarbayegani
Volume 8, Issue 27 , July 2006, , Pages 175-197
Abstract
Knowledge and technology play an important role in raising the demand for labour and reducing the rate of unemployment. In knowledge based economy, a rise in knowledge and skills will lead to innovations, thus raising productivity and , incomes and reducing inflation and unemployment. Supplying high ...
Read More
Knowledge and technology play an important role in raising the demand for labour and reducing the rate of unemployment. In knowledge based economy, a rise in knowledge and skills will lead to innovations, thus raising productivity and , incomes and reducing inflation and unemployment. Supplying high quality goods and changing consumption patterns due to technological break-through would expand markets and raise the demand for labour.
On the other hand, skilled labour would lead to dynamism and technological improvements in production processes, therefore, expanding production capacity consequently and raising the export of knowledge and competitiveness in international markets. Creation of different and new job opportunities is a consequence of technological improvement. Technology improvement would reduce the number of jobs for unskilled labour and would increase the number of jobs for hight skilled labour.
This paper examines the impact of knowledge and technology on the demand for labour in Iran between 1350-1380.Using the OLS method, the results of the estimated model show that knowledge and technology have positive and meaningful effect on demand for labour in Iran.