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Distributional and behavioural effects of child care subsidies
Discussion Papers no. 135
A methodology to describe the distributional and behavioural effects of child care subsidies is presented within a micro simulation framework. We discuss the effects of changing the governmental policy to support families with preschool c...
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Adjusting NNP for instrumental or defensive expenitures
Discussion Papers no. 134
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Adjusting NNP for instrumental or defensive expenitures
Discussion Papers no. 134
In this paper we provide a formal analysis to evaluate the subtraction of defensive expenditures from GDP. We consider expenditures that are used to produce non- market goods as candidates for being subtracted from GDP. It will be demonst...
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R&D, spillovers and performance among heterogenous firms
Discussion Papers no. 133
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R&D, spillovers and performance among heterogenous firms
Discussion Papers no. 133
Empirical research has established that there is a significant, positive relationship between productivity growth and R&D- expenditure at the firm level. Yet, while interesting, the conventional production function approach applied in suc...
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Testing for market power in the Norwegian primary aluminium industry
Discussion Papers no. 132
The hypothesis of market power in the Norwegian primary aluminium industry is tested using plant-level panel data. Economies of scale are found to be present, and Norwegian aluminium plants charge a procyclical price-cost margin that sign...
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Testing for market power in the Norwegian primary aluminium industry
Discussion Papers no. 132
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Carbon taxes and the petroleum wealth
Discussion Papers no. 128
The aim of this paper is to examine the impacts of a global carbon tax on fossil fuel markets. In particular, the effect on the Norwegian, as well as the global, petroleum wealth is studied. Most empirical models of fossil fuel markets ei...
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Estimating price-cost margins and scale economies from a panel of microdata
Discussion Papers no. 130
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Testing rational expectations in vector autoregressive models
Discussion Papers no. 129
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Monetary aspects of business cycles in Norway
Discussion Papers no. 131
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Carbon taxes and the petroleum wealth
Discussion Papers no. 128
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Testing rational expectations in vector autoregressive models
Discussion Papers no. 129
Assuming that the solutions of a set of restrictions on the rational expectations of future values can be represented as a vector autoregressive model, we study the implied restrictions on the coefficients. Nonstationary behavior of the v...
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The inconsistency of common scales estimators when output prices are unobserved and endogenous
Discussion Papers no. 127
This paper explores the inconsistency of common scale estimators when output is proxied by deflated sales, based on a common output deflator across firms. The problems arise when firms operate in an imperfectly competitive environment and...
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Estimating price-cost margins and scale economies from a panel of microdata
Discussion Papers no. 130
Hall's (1988) approach to study price- cost margins is adapted to simultaneously estimate price- cost margins and scale economies from a panel of plant level data. The paper shows how this methodology provides a very flexible framework wi...
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