The national capital is Copenhagen.
1. Presentation of the country
Denmark has been a constitutional monarchy since 1849 and a parliamentary democracy since 1901. The Danish monarchy is the oldest existing monarchy in Europe. It joined NATO in 1949 and the EEC (now the EU) in 1973.
2. The economic model
European model (as we discussed in class)
Difference with Solow model
In the case of Germany, before the World War it was being reached steady state.
According to the solow model,
the more it reached steady state, the slower the capital growth is,
so it shows low economic growth rate after the World war.
However after the war, as the accumulated capital was destroyed, capital stock was out of steady state and it grew fas
The Danish monarchy is the oldest existing monarchy in Europe, and the national flag is the oldest state flag in continuous use. It joined NATO in 1949 and the EEC (now the EU) in 1973. Once the seat of Viking raiders and later a major north European power, Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe.
economic implication. In aspect of demand, there are lots of economic variables to affect apartment price. We chose three standard variables of that many influential variables. And we recognized there was outstanding change before and after Asian financial crisis for us to experience. Therefore, after we divided the data into two parts; before and after Asian financial crisis, we examined how the
economic growth was not the principal reason of the increase in suicide level in Korea.
The research was started with several explanatory variables, and while testing it by regression analysis, few variables had eliminated. Among the economic variables we added at the beginning, the labor participation is the only left one. The final model indicated that economic variables do not fully explain t