Knowledge Infrastructure, Service Sector, And Economic Growth In Africa

Abstract

Economic theory and studies have theoretical and empirical evidence suggesting that countries which remain underdeveloped have consistently low levels of human capital, and a large agricultural sector. Of equal importance are the roles of the information technology and service sectors in improving economic growth and stability. This paper examined the extent to which non-industrial factors, such as information technology, knowledge infrastructure, and the service sectors activities helped contribute to the economy of African nations. The results from the analysis of 38 African nations indicate the information infrastructure for index public expenditures on education and personal computers per 1,000 capita contributed significantly to economic productivity.