Blar i Discussion Papers på forfatter "Raknerud, Arvid"

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    • A linear demand system within a Seemingly Unrelated Time Series Equation framework 

      Raknerud, Arvid; Skjerpen, Terje; Swensen, Anders Rygh (Discussion Papers;No. 345, Working paper, 2003)
      Abstract: We consider a Seemingly Unrelated Time Series Equations framework for the linear Almost Ideal Demand system. The framework is applied to a consumer demand system covering nine non-durable commodities. We test ...

    • A method for improved capital measurement by combining accounts and firm investment data. A revised version 

      Raknerud, Arvid; Rønningen, Dag; Skjerpen, Terje (Discussion Papers;No. 365, Working paper, 2007)
      Abstract: We propose a new method for estimating capital stocks at the firm level by combining business accounts information and investment data. The method also produces capital estimates at the sector or industry level ...

    • A state space approach for estimating VAR models for panel data with latent dynamic components 

      Raknerud, Arvid (Discussion Papers;No. 295, Working paper, 2001)
      Abstract: The econometric literature offers various modeling approaches for analyzing micro data in combination with time series of aggregate data. This paper discusses the estimation of a VAR model that allows unobserved ...

    • Can non-market regulations spur innovations in environmental technologies? A study on firm level patenting 

      Klemetsen, Marit Elisabeth; Bye, Brita; Raknerud, Arvid (Discussion papers;754, Working paper, 2013-09)
      This paper provides new evidence on the role of non-market based (“command-and-control”) regulations in relation to innovations in environmental technologies. While pricing is generally considered the first-best policy ...

    • Dynamics of first-time patenting firms 

      Nilsen, Øivind Anti; Raknerud, Arvid (Discussion Paper;No. 986, Working paper, 2022-08)
      This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office ...

    • Estimating the returns to schooling : a likelihood approach based on normal mixtures 

      Dagsvik, John K.; Hægeland, Torbjørn; Raknerud, Arvid (Discussion Papers;No. 567, Working paper, 2008)
      Abstract: In this paper we develop likelihood based methods for statistical inference in a joint system of equations for the choice of length of schooling and earnings. The model for schooling choice is assumed to be ...

    • Estimation of earnings- and schooling choice relations : a likelihood approach 

      Dagsvik, John K.; Hægeland, Torbjørn; Raknerud, Arvid (Discussion Papers;No. 486, Working paper, 2006)
      Abstract: In this paper we develop a full information maximum likelihood method for the estimation of a joint model for the choice of length of schooling and the corresponding earnings equation. The model for schooling ...

    • Evaluation of the Norwegian R&D tax credit scheme 

      Cappelen, Ådne; Fjærli, Erik; Foyn, Frank; Hægeland, Torbjørn; Møen, Jarle; Raknerud, Arvid; Rybalka, Marina (Discussion Papers;640, Working paper, 2010)
      We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is cost-effective and it is used by a large number of firms. It stimulates these firms to invest more in R&D, and, ...

    • Exit dynamics of start-up firms. Does profit matter? 

      Golombek, Rolf; Raknerud, Arvid (Discussion papers;706, Working paper, 2012-10)
      While little attention has been paid to the role of profitability in the empirical literature on firm exit, we employ a detailed recently established database of Norwegian manufacturing firms to identify the extent to which ...

    • Exit dynamics with adjustment costs 

      Golombek, Rolf; Raknerud, Arvid (Discussion Papers;No. 442, Working paper, 2005)
      Abstract: We use the Stock and Wise approximation of stochastic dynamic programming in order to identify the extent to which profitability can explain exit behavior. In our econometric model, heterogeneous firms engage ...

    • Exit dynamics with rational expectations 

      Raknerud, Arvid; Golombek, Rolf (Discussion Papers;No. 291, Working paper, 2000)
      Abstract: We develop an econometric model for firm exit, using stochastic dynamic programming (SDP) as a starting point. According to SDP, the value of an operating firm can be written as the sum of (i) the net present ...

    • Forecasting key macroeconomic variables from a large number of predictors : a state space approach 

      Raknerud, Arvid; Skjerpen, Terje; Swensen, Anders Rygh (Discussion Papers;No. 504, Working paper, 2007)
      Abstract: We use state space methods to estimate a large dynamic factor model for the Norwegian economy involving 93 variables for 1978Q2–2005Q4. The model is used to obtain forecasts for 22 key variables that can be ...

    • Heterogeneity, productivity and selection: an empirical study of Norwegian manufacturing firms 

      Klette, Tor Jakob; Raknerud, Arvid (Discussion Papers;No. 401, Working paper, 2005)
      Abstract: How do firms differ, and why do they differ even within narrowly defined industries? Using evidence from a new panel data set for four high-tech, manufacturing industries covering a 10-year period, we show how ...

    • How and why do Firms differ? 

      Klette, Tor Jakob; Raknerud, Arvid (Discussion Papers;No. 320, Working paper, 2002)
      Abstract: How do firms differ, and why do they differ even within narrowly defined industries? Using evidence from six high-tech, manufacturing industries covering a 24-year period, we show that differences in sales, ...

    • How do banks' funding costs affect interest margins? 

      Raknerud, Arvid; Vatne, Bjørn Helge; Rakkestad, Ketil (Discussion Papers;No. 665, Working paper, 2011)
      Abstract: We use a dynamic factor model and a detailed panel data set with quarterly accounts data on all Norwegian banks to study the effects of banks' funding costs on their retail rates. Banks' funds are categorized ...

    • Identification, estimation and testing in Panel Data Models with attrition : the role of the Missing at Random Assumption 

      Raknerud, Arvid (Discussion Papers;No. 330, Working paper, 2002)
      Abstract: This paper discusses identification, estimation and testing in panel data models with attrition. We focus on a situation which often occurs in the analysis of firms: Attrition (exit) is endogenous and depends ...

    • Identifying the elasticity of substitution between capital and labour: a pooled GMM panel estimator 

      Brasch, Thomas von; Raknerud, Arvid; Vigtel, Trond Christian (Discussion Paper;No. 976, Working paper, 2022-03)
      Simultaneity represents a fundamental problem when estimating the elasticity of substitution between capital and labour. To overcome this problem, a wide variety of external instruments has been applied in the literature. ...

    • Indirect inference methods for stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck processes 

      Raknerud, Arvid; Skare, Øivind (Discussion Papers;601, Working paper, 2009)
      This paper aims to develop new methods for statistical inference in a class of stochastic volatility models for financial data based on non-Gaussian Ornstein-Uhlenbeck (OU) processes. Our approach uses indirect inference ...

    • The investment and financing decisions of closely held firms when there is a tax on the equity premium 

      Fjærli, Erik; Raknerud, Arvid (Discussion Papers;594, Working paper, 2009)
      This paper analyzes a tax system where personal share income in excess of the risk-free return on equity (the equity premium) is taxed. The rate of return allowance (RRA) in the Norwegian shareholder income tax system is, ...

    • Lumpy investments, factor adjustments and productivity 

      Nilsen, Øivind Anti; Raknerud, Arvid; Rybalka, Marina; Skjerpen, Terje (Discussion Papers;No. 441, Working paper, 2005)
      Abstract: This paper describes firms' output and factor demand before, during and after episodes of lumpy investments using a rich employer-employee panel data set for two manufacturing industries and one service industry. ...