Fields of activities:
|» Economics |
» Gender and sexuality studies
|» Geography |
» Other social sciences
Brief description of your activity focus
International trade & investment, power intensive industries, family economics, travel industry.
Details about Expertise / Competences / Technologies
INTERNATIONAL TRADE AND INVESTMENT
Application of the Gravity Model and the Knowledge-Capital Model to analyze Foreign Direct Investment within the field of International Economics. In the Knowledge-Capital Model investment is a function of skilled labor and gross domestic product (GDP) among other things. Also, skilled labor is accounted for as a measurable endowment that all countries possess to some degree. This provides the basic factors of the Cobb-Douglas production function that are applied in the Solow growth model. Then market size is accounted for with population (POP).
The model accounts for the new trade theory and the new economic geography, by incorporation of economics of scale and imperfect competition and inclusion of distance between countries. One can argue an inclusion of skilled labor as an endowment provides an opportunity for accountancy of the Factor Proportions Hypothesis (Heckscher-Ohlin Theorem) which then helps to explain intra and inter-industry investment. By analyzing the importance of intra and inter-industry investment, an investment cost and trade cost are used. These two cost factors are measured both for the source country, and the host country. The model sheds light on the conditions of horizontal and vertical investment. Similar size of countries and similar skilled labor are found to result in intra-industry FDI, rather than inter-industry FDI
POWER INTENSIVE INDUSTRIES
Connections between renewable energy and economics on an international level. The focus is specifically on the hydropower and geothermal power production for use in the power intensive industry. With improved engineering processes, both types of power generation are increasingly subject to economics of scale. The focus is on the CarbFix and SulFix projects that involve the injection of hydrogen sulphide (H2S), and carbon dioxide (CO2) into bedrock as an emission reduction method. These exciting technological developments have a great potential to change the way the world works, as the economy continues to rely so heavily on energy to drive production. Green energy is without a question going to be a major factor in our future, so studying it at its nascence is particularly exciting.
The research project involves a study of the economics of the family. In particular, to study the distribution of income, consumption and time use within Icelandic families to provide basis for international comparisons and guide the design of policies intended to increase welfare of children and families and children. By conducting a survey using the structure of a unique household survey, measuring consumption and time-use simultaneously, provides opportunity for a valuable comparison of Icelandic households with other households internationally.
The research focus is primarily on determinants of why tourists travel between countries and how the hotel industry is affected by various factors. The number of tourists travelling between countries is constantly growing. There was a slow down following the severe economic crisis, however the flow of tourists is growing again. This research applies international economic tools to capture the effects.
EU Framework Programme related activities:
» Changing role of knowledge throughout the economy
» Socio-economic development trajectories
» Regional, territorial and social cohesion
» Societal trends and lifestyles
» Interactions & interdependences between world regions
» How indicators are used in policy
» Developing better indicators for policy
» Provision of underlying official statistics
» Use of indicators and related approaches for the evaluation of research policies and programmes
» Wide socio-economic foresight on key challenges
» Research systems and research policies in Europe
|Project Title||The Analysis of International Capital Markets: Understanding Europes Role in the Global Economy|
|Acronym||The analysis of international capital markets: understanding europes role in the global economy|
|Specific Theme||Funded under 5th FWP (Fifth Framework Programme)|
|Coordinator||Peter Birch Sorensen, University of Copenhagen|
|Project Type||Other (International)|
|Project Title||GEOthermal Research Group|
|Specific Theme||Geothermal energy research|
|Coordinator||Sigurdur Magnus Gardarsson, University of Iceland|
International and national projects beyond EU Framework Programme
Project Title: FP4 The Fourth Framework Programme - EU
Specific Theme: Regional Innovation of Technology Transfer Strategies
Coordinator: Thorsteinn Ingi Sigfusson, Unversity of Iceland
NorFA. Nordic Academy for Advanced Study.
Project name: Determinants of Foreign Direct Investment.
Area of research: Foreign Direct Investment analyzed by the Knowledge Capital Model.
Research partners: NorFA, University of Denmark, University of Iceland.
GATT General Agreement on Tariffs and Trade.
Project name: GATT (General Agreement on Tariffs and Trade).
Area of research: Trade in agriculture goods, market access, subsidies, anti-dumping measures.
Research partners: GATT, Ministry of Agriculture Iceland.