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The Knowledge-Capital Model and Small Countries

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Author Info
Helga Kristjánsdóttir (University of Iceland)

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Abstract

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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Publisher Info
Paper provided by Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics in its series EPRU Working Paper Series with number 05-09.

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Length: 41 pages
Date of creation: Aug 2005
Date of revision:
Handle: RePEc:kud:epruwp:05-09

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Related research
Keywords: foreign direct investment; knowledge-capital;

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Find related papers by JEL classification:
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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    Other versions:
  2. Braconier, Henrik & Norbäck, Pehr-Johan & Urban, Dieter, 2002. "Vertical FDI Revisited," Working Paper Series 579, Research Institute of Industrial Economics. [Downloadable!]
    Other versions:
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  6. Bruno S. Frey & Alois Stutzer, 2002. "The Economics of Happiness," World Economics, World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB, vol. 3(1), pages 25-41, January. [Downloadable!]
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    Other versions:
  12. Chisik, Richard & Ronald B. Davies, 2002. "Asymmetric FDI and Tax-Treaty Bargaining: Theory and Evidence," Royal Economic Society Annual Conference 2002 48, Royal Economic Society. [Downloadable!]
    Other versions:
  13. David L. Carr & James R. Markusen & Keith E. Maskus, 2003. "Estimating the Knowledge-Capital Model of the Multinational Enterprise: Reply," American Economic Review, American Economic Association, vol. 93(3), pages 995-1001, June. [Downloadable!]
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    Other versions:
  19. Heckman, James J & Walker, James R, 1990. "The Relationship between Wages and Income and the Timing and Spacing of Births: Evidence from Swedish Longitudinal Data," Econometrica, Econometric Society, vol. 58(6), pages 1411-41, November. [Downloadable!] (restricted)
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