The study demonstrates that the decline in the labour share in Finland can not be explained by the Cobb-Douglas production function. Instead, we propose an approach based on the constant-elasticity-of-substitution (CES) production function with labour- and capital-augmenting technical progress. The model is augmented by imperfect competition in the output market. According to the empirical results [...]
Population Policy and Human Capital Accumulation in China
China, the most populous country in the world, has had high economic growth during the past two decades. While economic reforms in China have received a great deal of attention, researchers have paid far less attention to the effects of population policies. In this dissertation, I discuss the One-Child policy in China and its impact [...]
Coffee is money, maize is food: Discussing agricultural specialization in Tanzania
This paper deals with the economic development of Tanzania and especially with the development of the smallholders. My aim is to study whether the Structural Adjustment Programmes have helped to facilitate growth in the agricultural and export-sector and if the reforms implemented through the programmes have made agricultural specialization easier and improved the economic situation [...]
Foreign Direct Investment in Mexico: Possible Effects on the Economic Growth
The purpose of this paper is to examine whether foreign direct investment, FDI, has any impact on economic growth in Mexico. In order to find a possible connection I use a multiple regression analysis with GDP per capita as dependent variable. Furthermore, I critically examine previous studies of FDI and its effect on GDP per [...]
The Role of Education in Chile’s Economic Growth
This thesis examines empirically whether there is a link between education and economic growth in Chile during the period 1973-2005. This is done through the adoption of time-series analysis and co-integration techniques. Based on economic theory and empirical findings, potential implications for Chilean educational policy are then discussed. This thesis provides further evidence to the [...]
Bioenergy, Pollution, and Economic Growth
This thesis consists of four papers: two of them deal with the effects on the forest sector of an increase in the demand for forest fuels, and two of them concern the relation between economic growth and pollution. Paper [I] is a first, preliminary study of the potential effects on the Swedish forest sector of [...]
The Impact of FDI on Growth in Developing Countries: An African Experience
In recent years, policymakers, especially in the developing countries, have come to the conclusion that foreign direct investment (FDI) is needed to boost the growth in their economy. It is claimed that FDI can create employment, increase technological development in the host country and improve the economic condition of the country in general. The paper [...]
Economic Growth in China: During the Period of 1980-2003
Prior to China’s open-door policy, China was considered among one of the worlds’ most isolated economies. However, that changed when they allowed the market force to go before central planning, and decided on an outward orientation for their development strategy. This was a sign indicating that China allowed foreign trade to play a leading role [...]
The Importance of Human Capital in the Production of New Knowledge
During the last few centuries the western economies have experienced an economic growth never before seen in history. This transformation has mainly been caused by knowledge, compared to previous history where land, natural resources, labor or machines were the factors determining economic growth and development. This thesis aims at analyzing the importance of human capital [...]