Greenland in world politics and economy: History modernity

The author traces the political, economic and social development of Greenland, the largest island in the world, which is now a self-governing territory of Denmark. The econometric analysis, covering the half-century period between 1970 and 2020, was conducted using neoclassical and endogenous growth models. As the endogenous one, the author chose the general, or world model with an embedded mechanism of technological progress, developed by Prof. György ¿imon Sr. (1930-2008) based on statistical data from 131 countries, including Denmark. This Caldor-type growth model takes into account not only physical and human capital, but also time in its role as the event space of creative economic activity. In particular, it allows comparing total factor efficiency with the world level.

Pagina's: 100, Paperback, Our Knowledge Publishing