Estimates of the steady state growth rates for the Scandinavian countries: a knowledge economy approach
This paper estimates the steady state growth rate for Scandinavian countries with a “knowledge economy” approach. We shall use an extended version of the Solow (1956) growth model, in which total factor productivity is assumed to be a function of human capital (measured by average years of education), trade openness and investment ratio. Using this framework we show that these factors, and in particular the education variable, have played an important role to determine the long run growth rates of the Scandinavian countries. Some policy measures are identified to improve the long-run growth rates for these countries.
|Date of creation:||30 May 2011|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Richard M. Auty & Rhys Jenkins, 1995. "Does trade liberalization lead to productivity increases? A case study of Bolivian manufacturing," Journal of International Development, John Wiley & Sons, Ltd., vol. 7(4), pages 577-597, 07.
- B. Bhaskara Rao, 2010.
"Time-series econometrics of growth-models: a guide for applied economists,"
Taylor & Francis Journals, vol. 42(1), pages 73-86.
- Rao, B. Bhaskara, 2006. "Time Series Econometrics of Growth Models: A Guide for Applied Economists," MPRA Paper 1547, University Library of Munich, Germany.
- Baldwin, John R., 2004.
"Trade Liberalization: Export-market Participation, Productivity Growth and Innovation,"
Economic Analysis (EA) Research Paper Series
2004027e, Statistics Canada, Analytical Studies Branch.
- John R. Baldwin & Wulong Gu, 2004. "Trade Liberalization: Export-market Participation, Productivity Growth, and Innovation," Oxford Review of Economic Policy, Oxford University Press, vol. 20(3), pages 372-392, Autumn.
- Carl Dahlman & Thomas Anderson, 2000. "Korea and the Knowledge-based Economy : Making the Transition," World Bank Publications, The World Bank, number 13845.
- Chen, Derek H. C. & Dahlman, Carl J., 2004. "Knowledge and development : a cross-section approach," Policy Research Working Paper Series 3366, The World Bank.
- David Greenaway & Richard Kneller, 2004. "Exporting and Productivity in the United Kingdom," Oxford Review of Economic Policy, Oxford University Press, vol. 20(3), pages 358-371, Autumn.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:31606. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.