Hamid Nazeman; Alireza Eslamifar
Abstract
This paper proposes a structural model for the analysis of correlation between knowledge economy index and sustainable development across the world. An analytical model is devised for investigation of the role of the major factors in the process of development. The proposed structural model is calibrated ...
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This paper proposes a structural model for the analysis of correlation between knowledge economy index and sustainable development across the world. An analytical model is devised for investigation of the role of the major factors in the process of development. The proposed structural model is calibrated using statistical data from the World Bank, and the United Nations for national economies across the world. Findings of the study indicate a significant correlation between the knowledge economy index( KEI ),and the sustainable development standard ( SDS ) in a large sample of world economies. According to findings of the model, we could also significantly validate the relevance of Kuznets' Environmental Curve .
In conclusion, it is argued that advancement of a knowledge based economy, requires an evolutionary improvement of economic environment in the course of globalization .
