Abstract
This research looks at how foreign direct investment (FDI) in a small open economy compares with that of larger countries. I apply several specifications of the knowledge-capital model to unique FDI data from the isolated country of Iceland, allowing for comparison with previous analysis of larger and similarly open economies. Using this together with other techniques, I seek to explain investment determinants by geography, economic size and skilled labor availability. The results of these analysis show that popular specifications do not accurately predict the effects for a small country case.
| Original language | English |
|---|---|
| Pages (from-to) | 591-614 |
| Number of pages | 24 |
| Journal | Scottish Journal of Political Economy |
| Volume | 57 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - Nov 2010 |
Other keywords
- Foreign direct investment
