The knowledge-capital model and small countries

Research output: Working paper


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.
Original languageEnglish
Place of PublicationCopenhagen
PublisherUniversity of Copenhagen
Number of pages50
ISBN (Electronic)0908-7745
Publication statusPublished - Sept 2005

Publication series

NameEPRU Working Paper Series

Other keywords

  • Knowledge-capital model
  • Small countries

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