dc.contributor.author | Borge, Lars-Erik | nb_NO |
dc.contributor.author | Matsen, Egil | nb_NO |
dc.date.accessioned | 2014-12-19T14:32:01Z | |
dc.date.available | 2014-12-19T14:32:01Z | |
dc.date.created | 2006-10-10 | nb_NO |
dc.date.issued | 2002 | nb_NO |
dc.identifier | 126136 | nb_NO |
dc.identifier.uri | http://hdl.handle.net/11250/267191 | |
dc.description.abstract | 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. 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.language | eng | nb_NO |
dc.publisher | Norges teknisk-naturvitenskapelige universitet, Fakultet for samfunnsvitenskap og teknologiledelse, Institutt for samfunnsøkonomi | nb_NO |
dc.relation.ispartofseries | Working Paper Series, 1503-299X; 2002:8 | nb_NO |
dc.title | Public Employment and Regional Risk Sharing: Norway 1977-90 | nb_NO |
dc.type | Research report | nb_NO |
dc.contributor.department | Norges teknisk-naturvitenskapelige universitet, Fakultet for samfunnsvitenskap og teknologiledelse, Institutt for samfunnsøkonomi | nb_NO |