Singapores tillväxt - hemligheten bakom framgången?
(2011) NEK791 20111Department of Economics
- Abstract
- The aim of this thesis is to analyse the effect of the variables human capital, land and infrastructure on Singapore’s growth in GDP per capita over the time period 1973-2003. Singapore has experienced an extraordinary development with an income per capita that more than quadrupled in less than forty years. This study uses the Romer model that has been extended with human capital, infrastructure and land in order to give a better explanation to Singapore’s economic development. There has been an extensive investment in education, especially technical which has increased the amount of human capital in the work force and according to the model it has had a substantial positive effect on the GDP growth rate. The infrastructure development... (More)
- The aim of this thesis is to analyse the effect of the variables human capital, land and infrastructure on Singapore’s growth in GDP per capita over the time period 1973-2003. Singapore has experienced an extraordinary development with an income per capita that more than quadrupled in less than forty years. This study uses the Romer model that has been extended with human capital, infrastructure and land in order to give a better explanation to Singapore’s economic development. There has been an extensive investment in education, especially technical which has increased the amount of human capital in the work force and according to the model it has had a substantial positive effect on the GDP growth rate. The infrastructure development during this time period has also been vast with an extended mass rapid transit system and the opening of an international airport. Regarding the land factor, it is usually a constant; however, Singapore has long been reclaiming land. Land has a negative effect in my model, although, the effect is getting smaller each year. According to this model, the main causes of growth have been technology and human capital. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1890185
- author
- Klevås, Kim LU
- supervisor
- organization
- course
- NEK791 20111
- year
- 2011
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- economic growth, Singapore, human capital, infrastructure, land, Romer model
- language
- Swedish
- id
- 1890185
- date added to LUP
- 2011-05-16 15:12:10
- date last changed
- 2011-05-16 15:12:10
@misc{1890185, abstract = {{The aim of this thesis is to analyse the effect of the variables human capital, land and infrastructure on Singapore’s growth in GDP per capita over the time period 1973-2003. Singapore has experienced an extraordinary development with an income per capita that more than quadrupled in less than forty years. This study uses the Romer model that has been extended with human capital, infrastructure and land in order to give a better explanation to Singapore’s economic development. There has been an extensive investment in education, especially technical which has increased the amount of human capital in the work force and according to the model it has had a substantial positive effect on the GDP growth rate. The infrastructure development during this time period has also been vast with an extended mass rapid transit system and the opening of an international airport. Regarding the land factor, it is usually a constant; however, Singapore has long been reclaiming land. Land has a negative effect in my model, although, the effect is getting smaller each year. According to this model, the main causes of growth have been technology and human capital.}}, author = {{Klevås, Kim}}, language = {{swe}}, note = {{Student Paper}}, title = {{Singapores tillväxt - hemligheten bakom framgången?}}, year = {{2011}}, }