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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Bibliographic Details
Main Author: Kristjánsdóttir, Helga
Format: Report
Language:English
Published: Copenhagen: University of Copenhagen, Economic Policy Research Unit (EPRU) 2005
Subjects:
ddc:330
F21
F23
foreign direct investment
knowledge-capital
Direktinvestition
Humankapital
Theorie
Kleines-Land-Modell
Island
Iceland
Online Access:http://hdl.handle.net/10419/82056
Description
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.

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