The impact of knowledge economy on the economic growth: Case of Algeria from 1995 to 2007

Abstract

Due to the urgent need for the integration of all countries into a new economy; the importance of knowledge and its effective role in advancing the development has accelerated. This is why such economy is known as the knowledge economy. This is what makes us say that we live the transformation from an industry-oriented economy to an knowledge-oriented economy and that the creation of wealth is no longer depending on a physical assets, but it became the basis of all immaterial assets in particular knowledge. In this paper we will try to address the impact of the knowledge economy on the economic growth in Algeria. At first, we tried to present the most important points related to the knowledge economy and then we present the relationship between theories of knowledge economy and the economic growth. As for the practical side, we tried through many indicators and data issued by various specializing organizations, to rate Algeria among a group of countries. We made an analytical and descriptive study, then we studied the relationship between one of these indicators and the GDP, and due to the lack of data for a long time, we took the patents as an indicator to make the causality test.