The Comparative Analysis of Knowledge Based Economy components on Economic Growth in Some Selected Countries

During the past decades, it has been indicated that more knowledge leads inexorably to greater economic growth.This paper will study the role of the knowledge based economy components on economic growth in Iran and some selected countries during 1996-2007.The main hypothesis is that: ICT as a major factor has dominant effect in promoting economic growth. Comparison to education, the role of ICT is found to be greater than education in selected countries.Our findings based on panel data during 1996-2007 indicate that Innovation and ICT both have positive and significant affects on economic growth.