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Singapores tillväxt - hemligheten bakom framgången?

Klevås, Kim LU (2011) NEK791 20111
Department 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)
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author
Klevås, Kim LU
supervisor
organization
course
NEK791 20111
year
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},
  keyword      = {economic growth,Singapore,human capital,infrastructure,land,Romer model},
  language     = {swe},
  note         = {Student Paper},
  title        = {Singapores tillväxt - hemligheten bakom framgången?},
  year         = {2011},
}