The effect of knowledge-based economy indicators on labor productivity in the selected Islamic countries

The increasing importance of knowledge in the age of knowledge has led to the formation of a knowledge-based economy. As new technologies increase production power and production efficiency, governments around the world, both industrial and developing, are determined to transform education and skills acquisition into a knowledge-based economy. Therefore, the main purpose of this study is to investigate the effect of knowledge-based economy indicators on labor productivity in the selected Islamic countries. In this study, using Eviews software and econometric techniques, the relationship between variables and their impact on labor productivity was investigated in the period 5110 to 2052. The results show that the indicators of public education expenditure, the number of published articles and ICT have a positive and significant effect on labor productivity, while the R&D and Internet indicators do not have a significant effect on labor productivity.