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Testing Rational Expectations in Vector Autoregressive Models
(Discussion papers;129, Working paper, 1994-10)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 ... -
Testing the multiproduct hypothesis on Norwegian aluminium industry plants
(Discussion Papers;No. 350, Working paper, 2003)Abstract: Although most production activities involve multiple outputs, econometric models of production or cost functions normally involve only one single homogeneous output. The aim of this paper is to test the hypothesis ... -
Testing the rational expectations hypothesis - Using Norwegian microeconomic data
(Discussion Paper;No. 90, Working paper, 1993-10)The rational expectations hypothesis (REH) is tested directly using Norwegian microeconomic data on firms' expectations of the prices of own products in domestic and export markets and expectations of demand for own products ... -
Testing the split of economic ownership for petroleum resources in Norway
(Notater/Documents;2023/24, Working paper, 2023-05)Based on the Norwegian experiences, a long-term average pattern is identified as regards the distribution of resource rent due to petroleum activities, which can be used to split the economic ownership of oil and gas ... -
Tett med hytter i Trysil
(Journal article, 2007-06)Trysil er ikke bare blant kommunene med flest hytter her i landet. Der bygges det også flere hytter enn i noen annen kommune. I Norge stiger tallet på igangsatte fritidsbygninger for hvert år, og det gjennomsnittlige arealet ... -
Tettstedsavgrensing og arealdekke innen tettsteder. Metode og resultater
(Rapporter;1999/29, Report, 1999-11) -
The Achilles heel of the dual income tax : the Norwegian case
(Discussion Papers;No. 474, Working paper, 2006)Abstract: The dual income tax provides the self-employed individual with large incentives to participate in tax minimizing income shifting. The present paper analyses the income shifting incentives under the Norwegian ... -
The Anatomy of electricity demand: A CGE decomposition for Norway
(Discussion Papers;No. 426, Working paper, 2005)Abstract: The paper derives a general equilibrium demand function for electricity by imposing a specific closure rule on a large CGE-model of the Norwegian economy. By a decomposition technique it quantifies the ... -
The Assumption of equal marginal utility of income : how much does it matter?
(Discussion Papers;No. 241, Working paper, 1998)In most applied cost-benefit analyses, individual willingness to pay is aggregated without using explicit welfare weights. This can be justified by postulating a utilitarian social welfare function, along with the assumption ... -
The barrier model of productivity growth: South Africa
(Discussion Papers;No. 425, Working paper, 2005)Abstract: The barrier model of productivity growth suggests that individual country productivity is related to the world technology frontier disturbed by national barriers. We offer a country study of the barrier ... -
The capital constraining effects of the norwegian wealth tax
(Discussion papers;724, Working paper, 2012-12)This paper investigates if the Norwegian wealth tax imposes capital constraints on small privately held businesses. A panel of 31,428 Norwegian firms from 2005 to 2009 is used to estimate two models of capital constraints. ... -
The causal interpretation of two-stage least squares with multiple instrumental variables
(Peer reviewed; Journal article, 2021)Empirical researchers often combine multiple instrumental variables (IVs) for a single treatment using two-stage least squares (2SLS). When treatment effects are heterogeneous, a common justification for including multiple ... -
The clean development mechanism versus international permit trading: the effect on technological change
(Discussion Papers;No. 521, Working paper, 2007)Abstract: The clean development mechanism of the Kyoto Protocol may induce technological change in developing countries. As an alternative to the clean development mechanism regime, developing countries may accept a ... -
The commodity currency puzzle
(Discussion Papers;No. 423, Working paper, 2005)Abstract: This paper addresses the purchasing power parity (PPP) puzzle for commodity currencies. A substantial part of the literature on commodity currencies has found that, despite controlling for the effect of commodity ... -
The consumer price index of Mozambique. A short term mission 13-31 March 2000
(Documents;2000/9, Working paper, 2000-06-22) -
The consumption Euler equation or the Keynesian consumption function?
(Discussion papers;904, Working paper, 2019-04)We formulate a general cointegrated vector autoregressive (CVAR) model that nests both a class of consumption Euler equations and various Keynesian type consumption functions. Using likelihoodbased methods and Norwegian ... -
The Consumption Euler Equation or the Keynesian Consumption Function?
(Peer reviewed; Journal article, 2020) -
The cost-of-living index with trade barriers. Theory and evidence
(Discussion papers;751, Working paper, 2013-09)The standard cost-of-living index hinges on the assumption that there is free trade. Applying it to situations where trade barriers are present yields biased results with respect to a true cost-of-living index. Import price ... -
The costs of alternative policies
(Reports;1998/2, Report, 1998)After decades with landfill and incineration as the most common waste treatment methods, the current main waste policy strategy has changed toward recycling. Also, most governments declare that source reduction, to reduce ... -
The costs of taxation in the presence of inequality
(Discussion papers;908, Working paper, 2019-06)This paper provides a new and improved measure of the marginal cost of public funds (MCF). It is based on a benchmark tax which is distributionally neutral and non-distortive. This is in contrast to the MCF-measure used ...