| The main objective of this thesis is an empirical investigation into obstacles to economic development in Greenland. A central theme is the degree of trade, financial, and technological dependency, and its consequences for economic growth and instability in Greenland's post-colonial history. Econometric models are specified to test hypotheses about the association between economic dependency and growth and instability.; The econometric results suggest first, that primary exports have been able to produce trickle-down effects that have been a contributing factor in the economic growth process in Greenland.; Second, the results of an empirical investigation into the relationship between economic growth in Greenland and indicators of trade, financial, and technological dependency do not find support for the theoretical proposition that a negative association exists between economic growth and dependency. Rather, the evidence points to a positive association between growth and some indicators of dependency.; Third, an analysis of structural change and instability suggest that structural change has occurred in Greenland. In general, the analysis points to the sensitivity of the Greenland economy to shocks to its natural resource supply, and it highlights the lack of a real change in policy regime with the implementation of Home Rule.; Fourth, an empirical investigation into the degree of export and income instability in Greenland, and its causes and consequences, suggests first, that export and income instability is associated with some indicators of economic dependency, and second, that export and income instability both act as deterrents to economic growth in Greenland. |
