• Testing Steady-State Implications for the NAIRU 

      Bårdsen, Gunnar (Working Paper Series, 1503-299X; 2002:16, Research report, 2002)
      Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price ...
    • Regional Wage Curves Empirical Evidence from Norway 

      Johansen, Kåre (Working Paper Series, 1503-299X; 2002:3, Research report, 2002)
      The papers studies wage formation using panel data for a large sample of Norwegian municipalities covering the time period 1970—1992. The main conclusions are the following. Regional manufacturing wages are negatively ...
    • Designing Social Security – A Portfolio Choice Approach 

      Matsen, Egil; Thøgersen, Øystein (Working Paper Series, 1503-299X; 2002:11, Research report, 2002)
      Public social security systems may provide diversification of risks to individuals’ life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a “quasiasset”, we study the optimal size of the ...
    • Econometric Inflation Targeting 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Paper Series, 1503-299X; 2002:5, Research report, 2002)
      Inflation targeting requires inflation forecasts, yet most models in the literature are either theoretical or calibrated. The motivation for this paper is therefore threefold: We seek to test and implement an econometric ...
    • Public Employment and Regional Risk Sharing: Norway 1977-90 

      Borge, Lars-Erik; Matsen, Egil (Working Paper Series, 1503-299X; 2002:8, Research report, 2002)
      We provide an empirical analysis of regional risk sharing in Norway over the period 1977-90. The approach of Asdrubali, Sørensen and Yosha (1996) is extended to take account of public employment as a possible shock absorber. ...
    • Learning by Exporting and Productivity-Investment Interaction: An Intertemporal General Equilibrium Analysis of the Growth Process in Thailand 

      Diao, Xinshen; Rattsø, Jørn; Stokke, Hildegunn E. (Working Paper Series, 1503-299X; 2002:24, Research report, 2002)
      While the discussion of Thailand and East Asian growth has been a controversy between capital accumulation and productivity stories, we analyze the general equilibrium interaction between productivity and investment in an ...
    • A Smooth-Transition Model of the Australian Unemployment Rate 

      Bårdsen, Gunnar; Hurn, Stan; McHugh, Zoë (Working Paper Series, 1503-299X; 2002:10, Research report, 2002)
      Models of the aggregate unemployment rate have traditionally been estimated from structural models of the labour market or in a linear single-equation framework. However, theory as well as evidence suggest that the ...
    • The Generic Properties of Equilibrium Correction Mechanisms 

      Bårdsen, Gunnar; Hurn, Stand; Lindsay, Kenneth (Working Paper Series, 1503-299X; 2002:4, Research report, 2002)
      Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous economic processes with steady-state solutions. In addition, the proposed procedure on the coefficients of the ...
    • Model Specification and Inflation Forecast Uncertainty 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Paper Series, 1503-299X; 2002:13, Research report, 2002)
      Three classes of inflation models are discussed: Standard Phillips curves, New Keynesian Phillips curves and Incomplete Competition models. Their relative merits in explaining and forecasting inflation are investigated ...
    • On Asymmetric Information across Countries and the Home-Bias Puzzel 

      Matsen, Egil (Working Paper Series, 1503-299X; 2002:2, Research report, 2002)
      This paper investigates the allocation decision of an investor who owns two projects, a domestic and a foreign one. A manager governs the expected return from each project, and the investor has less information on the ...
    • Habit Persistence and Welfare Gains from International Asset Trade 

      Matsen, Egil (Working Paper Series, 1503-299X; 2002:1, Research report, 2002)
      We introduce habit formation in a model that studies the link between international trade in financial assets, economic growth, and welfare. As with time separable preferences asset trade increases the mean growth rate, ...
    • International Spillovers, Productivity Growth and Openness in Thailand: An Intertemporal General Equilibrium Analysis 

      Diao, Xinshen (Working Paper Series, 1503-299X; 2002:22, Research report, 2002)
      Thailand has experienced economic growth well above world averages for about 40 years. It is a challenge to understand the sources of this high growth path, and in particular why growth has not slowed down with assumed ...
    • Sportsfiske etter laks: En bioøkonomisk analyse 

      Logstein, Rune; Skonhoft, Anders (Working Paper Series, 1503-299X; 2003:9, Research report, 2003)
      En bioøkonomisk modell av et sportsfiske (elvefiske) etter laks (Salmo salar) formuleres, og det studeres hvordan økonomiske og biologiske forhold påvirker beskatning, bestandsutvikling og lønnsomhet i elvefisket for gitt ...
    • Growth, Development and Land-Use in a Simple Agrarian Economy with Endogeneous Population 

      Skonhoft, Anders; Solstad, Jan Tore (Working Paper Series, 1503-299X; 2003:4, Research report, 2003)
      The paper analyses the relation between demographic transformation, agricultural transformation and land-use pressure within a simple agrarian economy where population is treated both as a cause and consequence of economic ...
    • Managing uncertainty in strategic planning : cases from telecommunication / 

      Reitan, Bård Karsten (Doktoravhandlinger ved NTNU, 1503-8181; 2003:3, Doctoral thesis, 2003)
      We have described decision models for the three modules internal to a virtual IP-network provider: Sales, network planning and trading. To coordinate decisions we have taken advantage of the dual solutions from a stochastic ...
    • Wage Formation, Regional Migration and Local Labour Market Tightness 

      Carlsen, Fredrik; Johansen, Kåre; Røed, Knut (Working Paper Series, 1503-299X; 2003:3, Research report, 2003)
      Economic theory predicts that local labour market tightness affects local wage setting as well as individuals' migration decisions. But how should we measure local labour market tightness? In this paper we show that the ...
    • The Bioeconomics of Controlling an African Rodent Pest Species 

      Skonhoft, Anders; Stenseth, Nils Chr.; Leirs, Herwig; Andreassen, Harry P.; Mulungu, Loth S. A. (Working Paper Series, 1503-299X; 2003:5, Research report, 2003)
      The paper treats the economy of controlling an African pest rodent, the multimammate rat, causing major damage in maize production. An ecological population model is presented and used as a basis for the economic analyses ...
    • Estimating the Elasticity of Labour Supply to an Enterprise Utilizing a Quasi-Natural Experiment 

      Falch, Torberg (Working Paper Series, 1503-299X; 2003:7, Research report, 2003)
      This paper utilizes institutional features to identify the supply of labour directed towards individual enterprises. The labour market for Norwegian teachers is characterized by a high degree of central regulations. In the ...
    • Optimal Dutch Disease 

      Matsen, Egil; Torvik, Ragnar (Working Paper Series, 1503-299X; 2003:1, Research report, 2003)
      Growth models of the Dutch disease, such as those of Krugman (1987), Matsuyama (1992), Sachs and Warner (1995) and Gylfason et al. (1999), explain why resource abundance may reduce growth. However, the literature also ...
    • Informal Investors as Financiers of Entrepreneurial Firms in Norway 

      Sørheim, Roger (Doctoral thesis, 2003)
      The overall objectives with this compound thesis, focusing on informal investors as financiers of entrepreneurial ventures, can be summarized in the following way: - To reveal the existence of, and describe the characteristics, ...