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dc.contributor.authorBorge, Lars-Eriknb_NO
dc.contributor.authorMatsen, Egilnb_NO
dc.date.accessioned2014-12-19T14:32:01Z
dc.date.available2014-12-19T14:32:01Z
dc.date.created2006-10-10nb_NO
dc.date.issued2002nb_NO
dc.identifier126136nb_NO
dc.identifier.urihttp://hdl.handle.net/11250/267191
dc.description.abstractWe 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. The other channels of risk sharing are capital markets & commuting, taxes & transfers and credit markets. Surprisingly, there seems to be full interregional risk sharing in the short run, with public employment absorbing about 20 % of regional shocks to private output. The combined e.ect of capital markets & commuting is even more important, however, absorbing up to 70 % of regional shocks. In the longer run, a significant fraction of regional shocks remain unsmoothed. Government smoothing increases and market based smoothing decreases as shocks become more permanent.nb_NO
dc.languageengnb_NO
dc.publisherNorges teknisk-naturvitenskapelige universitet, Fakultet for samfunnsvitenskap og teknologiledelse, Institutt for samfunnsøkonominb_NO
dc.relation.ispartofseriesWorking Paper Series, 1503-299X; 2002:8nb_NO
dc.titlePublic Employment and Regional Risk Sharing: Norway 1977-90nb_NO
dc.typeResearch reportnb_NO
dc.contributor.departmentNorges teknisk-naturvitenskapelige universitet, Fakultet for samfunnsvitenskap og teknologiledelse, Institutt for samfunnsøkonominb_NO


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