Explaining Knowledge-Based Economic Dynamism in a Global Scale

Abstract

This paper uses the concept of knowledge-based economic dynamism to overcome the simplified perspective on economic performance implied by the economic growth variable. Knowledge-based economic dynamism refers to the potential an area has for generating and maintaining high rates of economic performance. Furthermore, this study develops econometric models to detect the determinants of knowledge-based economic dynamism at the international level. The analysis covers the period 1990-2002. Econometric models provide critical insight relative to the factors driving dynamism with important implications for theory and policy.DYNREG