Wealth & Immigration in Denmark: An Analysis of Human Capital

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Abstract

Applying newly developed methods this paper quantifies human capital in Denmark and analyzes highly qualified immigration as a potential source of wealth generation. In order to quantify human capital, we use the methodology of Lettau and Ludvigson (2001, 2004), Zhang (2006) and Dreyer et al. (2013) where human capital is modeled as a latent variable. We apply a dynamic least squares co-integration regression for the multi-variate setting of Stock and Watson (1993). Our estimates are significant and the model suggests a per capita amount of human capital of about 3.2 million DKK.
OriginalsprogEngelsk
TidsskriftJournal of Academy of Business and Economics
Vol/bind14
Udgave nummer2
Sider (fra-til)19-36
Antal sider17
ISSN1542-8710
StatusUdgivet - 2014
BegivenhedIABE Verona Summer conference 2014 - Verona, Italien
Varighed: 27 jun. 201429 jun. 2014
http://iabe.org/domains/iabeX/Documents/2014%20Verona/Live%20Documents/Call%20For%20Papers/VERONA%202014%20Call%20for%20Papers.pdf

Konference

KonferenceIABE Verona Summer conference 2014
LandItalien
ByVerona
Periode27/06/201429/06/2014
AndetInternational Academy of Business and Economics
Internetadresse

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