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National accounts and business cycles
All content for topic national accounts and business cycles
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Distance and choice of field: Evidence from a Norwegian college expansion reform
Discussion Papers no. 932
How can geographical proximity to college explain field of study choices? We empirically address this question using the major expansion of university colleges in Norway in the second half of the twentieth century, when 33 new education institutio...
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Mainland Norway's GDP fell 4.7 percent in April
This follows a 6.9 per cent fall from February to March, and Mainland GDP was thus 11.3 per cent lower in April than in February. The underlying data indicates some increase in economic activity towards the end of the month.
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Deep economic crisis – but some bright spots in sight
The Norwegian economy appears to be picking up after the country shut down in March, but lower international demand and low oil prices will impact on economic development for several years to come. We expect a gradual rise in interest rates from 2...
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Strong balance of income and current transfers
Balance of income and current transfers were measured at almost NOK 39 billion in the 1st quarter of 2020. This is the highest ever measured in a quarter. Investment income is contributing with net income of NOK 46 billion while net current transf...
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Equal predictability test for multi-step-ahead system forecasts invariant to linear transformations
Discussion Papers no. 931
The paper derives a test for equal predictability of multi-step-ahead system forecasts that is invariant to linear transformations.
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Marginal compensated effects and the slutsky equation for discrete choice models
Discussion Papers no. 930
In many instances the consumer faces choice settings where the alternatives are discrete. Examples include choice between variants of differentiated products, urban transportation modes, residential locations, types of education, etc.
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Ways to project fertility in Europe
Discussion Papers no. 929
National statistical offices responsible for population projections should regularly evaluate their work. Norway is currently considering changing the way fertility is projected.
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Mainland GDP fell slightly more in March than first projected
Seasonally adjusted figures from the National Accounts show a 2.1 per cent decline in mainland-GDP in Q1 and 6.9 per cent from February to March. The development in March, when COVID-19 infection control measures were implemented, pulled down Q1 g...
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Energy prices continue to drop
Significant price reductions on most energy goods caused a further decrease in the Producer Price Index in April. Natural gas had a positive price development, but only due to a weak Norwegian krone.
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Estimating long-run income inequality from mixed tabular data: Empirical evidence from Norway, 1875-2017
Discussion Papers no. 928
This paper proposes a non-parametric approach for estimating inequality in the overall distribution of income on the basis of tabular data from different sources, some in a highly aggregated form.
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On the measurement of productivity growth in the Norwegian National Accounts
Documents 2020/20
This document aims to take a review with critique of the current methodologies for measuring productivity growth at Statistics Norway, with the view of identifying the availability of better methodologies and data sources.
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Modeling R&D spillovers to productivity: The effects of tax policy
Discussion Papers no. 927
We study the role of R&D spillovers when modelling total factor productivity (TFP) by industry.
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Preliminary figures show a 6.4 per cent decline in Mainland GDP for March
The Norwegian economy came to a halt in the second half of March 2020. Preliminary figures from the National Accounts show a 6.4 per cent fall in mainland GDP in March, adjusted for normal seasonal variations. This translates to a 1.9 per cent dec...
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Abrupt standstill in the Norwegian economy
The standstill in the Norwegian economy due to the coronavirus pandemic is unprecedented. The current slump is likely to persist for several years to come.
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Gloomy outlook for the second quarter
Norwegian industrial managers report a fall in the total production volume in the first quarter of the year. The general outlook for the second quarter of 2020 is characterized by pessimism and great uncertainty by the majority of industrial leade...
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