The Role of the Knowledge Economy in Achieving Sustainable Development in Kuwait in the Period (2000-2022)

Document Type : Original Article

Authors

1 General Agency of Practical Education, Kuwait

2 Associated professor, faculty of Agriculture, cairo University

Abstract

This study aimed to measure the impact of the knowledge economy on sustainable development in the Kuwaiti economy during the time period (2000-2022). It tested a basic hypothesis, which is: “The various aspects of the knowledge economy have a positive impact on sustainable development in Kuwait”. The measurement was done using the ordinary least squares method OLS, then the causal relationship between the overall knowledge economy index and sustainable development was tested.
The results of the study indicate that there is a positive and significant impact for most aspects of the knowledge economy represented by innovation, information technology and scientific research on the total productivity of sustainable development factors and thus economic growth, and there is a negative and significant impact for the infrastructure of information and communications technology, the environmental investment index and the use of fossil fuels. The test also showed “Granger - Causality” the existence of a causal relationship that goes from the overall knowledge economy index (KEI) to the total productivity growth rate of the sustainable development index, and also to the economic growth rate.
According to the above, the research recommends the following:

Striving to keep pace with rapid technological changes to accommodate the ongoing developments in information and communications technology, and trying to apply the results of this research in the field.
Advocating for development and innovation through national plans supported by regional and international agreements.

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Alexandria Science Exchange Journal
Volume 45, Issue 3
JULY-SEPTEMBER
September 2024
Pages 343-352

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