The Knowledge-Capital Model and Small Countries
In this paper, Knowledge-Capital model estimates for a small country are compared to estimates obtained for larger economies. The model is based on unique panel data on foreign direct investment in Iceland. Estimates obtained for the Knowledge-Capital model differ considerable from what has been obt...
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| Format: | Report |
| Language: | unknown |
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| Online Access: | http://web.econ.ku.dk/epru/files/wp/wp-05-09.pdf |
| Summary: | In this paper, Knowledge-Capital model estimates for a small country are compared to estimates obtained for larger economies. The model is based on unique panel data on foreign direct investment in Iceland. Estimates obtained for the Knowledge-Capital model differ considerable from what has been obtained in earlier research, indicating that the driving forces behind foreign direct investment in small countries appear to be different from those in large countries. foreign direct investment; knowledge-capital |
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