An emprical analysis of determinants of knowledge and technology output: A panel data analysis

Information technology outputs have taken its place on the basis of economic growth in the world particularly since the 1990s. With growing importance of human capital that was recognized as a production factor with internal growth models, identification of the factors that accelerate information technology outputs placed at the centre of economic progress gained importance. This paper deals with human capital and research, infrastructure, market sophistication, business sophistication and their effects on knowledge and technology output of 17 developing countries during the period 2011-2015. Using the Pooled Ordinary Least Squares method, this paper showed that infrastructure, market sophistication, business sophistication are significant variables in explaining knowledge and technology output. © 2016, International Academy of Business and Economics. All rights reserved.