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Problemer vedrørende den talmæssige belysning af betalingsbalancen for Grønland

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  • Lund, Lars

    (Department of Economics, Copenhagen Business School)

Abstract

The balance of payments of Greenland has special features due to an important current transfer, bloktilskud, from Denmark. The trade balance does not exhibit a deficit of this order of magnitude but comparison of the bloktilskud and the deficit is difficult as official figures are available for the merchandise trade only. Figures for services are missing. However, guesses about the size of a deficit in the services’ trade do not easily discard the impression of a large surplus on the current account. Over a ten year period it is suggested that accumulated surpluses could be twice the level of Greenland’s GDP. This seems unlikely, but the available data raise a puzzle that ought to be addressed as it nourishes suspicion of unobserved accumulation of wealth.

Suggested Citation

  • Lund, Lars, 2006. "Problemer vedrørende den talmæssige belysning af betalingsbalancen for Grønland," Working Papers 05-2003, Copenhagen Business School, Department of Economics.
  • Handle: RePEc:hhs:cbsnow:2003_005
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    File URL: http://openarchive.cbs.dk/cbsweb/handle/10398/7550
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    References listed on IDEAS

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    1. Bradford, William D, 1975. "Valuation, Leverage and the Cost of Capital in the Case of Depreciable Assets: Comment," Journal of Finance, American Finance Association, vol. 30(1), pages 214-220, March.
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    4. Robert McDonald & Daniel Siegel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, Oxford University Press, vol. 101(4), pages 707-727.
    5. Diderik Lund, 2002. "Petroleum Tax Reform Proposals in Norway and Denmark," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 37-56.
    6. Lund, Diderik, 2006. "Taxation and systematic risk under decreasing returns to scale," Working Papers 02-2003, Copenhagen Business School, Department of Economics.
    7. Diderik Lund, 2002. "Taxation, Uncertainty, and the Cost of Equity," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(4), pages 483-503, August.
    8. Graham, John R. & Harvey, Campbell R., 2001. "The theory and practice of corporate finance: evidence from the field," Journal of Financial Economics, Elsevier, vol. 60(2-3), pages 187-243, May.
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    More about this item

    Keywords

    Greenland; Bloktilskud; Trade balance; GDP;

    JEL classification:

    • H00 - Public Economics - - General - - - General

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