Blar i Statistics Norway's Open Research Repository (SNORRe) på emneord "JEL classification: C22"
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Are rich countries immune to the resource curse? : evidence from Norway's management of its oil riches
(Discussion Papers;No. 362, Working paper, 2003)Abstract: Growth studies show, counter to intuition, that the discovery of a natural resource may be a curse rather than a blessing since resource-rich countries grow slower than others. But it has been suggested that ... -
Change in Regime and Markov Models
(Discussion papers;204, Working paper, 1997-11)In this paper we point out that using a two-state Markov chain to describe change in regime makes it difficult to interpret the model since there is a bias towards frequent shifts. However, by using a finite Markov chain ... -
Does oilrig activity react to oil price changes? An empirical investigation
(Discussion Papers;No. 372, Working paper, 2004)Abstract: In this paper we analyse how oilrig activity in different Non-OPEC regions is affected by the crude oil price. Oilrig activity outside OPEC is an important indicator for production in the near future, and ... -
Dynamic modelling of domestic prices with time-varying elasticities and rational expectations
(Discussion papers;151, Working paper, 1995-08)The paper analyses the price on domestic market for an aggregate commodity produced by Norwegian private mainland economy. The long-run solution is modelled assuming imperfect competition. The elasticities with respect to ... -
Empirical errors and predicted errors in fertility, mortality and migration forecasts in the European economic area
(Discussion Papers;No. 386, Working paper, 2004)Abstract: We analyse empirical errors observed in historical population forecasts produced by statistical agencies in 14 European countries since 1950. The focus is on forecasts for three demographic variables: fertility ... -
Escaping the resource curse and the Dutch Disease? : when and why Norway caught up with and forged ahead of its neighbors
(Discussion Papers;No. 377, Working paper, 2004)Abstract: In the 1960s, Norway lagged behind its Scandinavian neighbors in the aggregate value of economic production per capita, as it had for decades. By the 1990s, Norway had caught up with and forged ahead of Denmark ... -
Female labour participation rates in Norway - trends and cycles
(Discussion Papers;No. 253, Working paper, 1999)Norwegian female labour participation rates have increased steadily since the beginning of the seventies. This paper address several issues concerning female labour participation series for the period 1972-1997. The main ... -
Forecasting key macroeconomic variables from a large number of predictors : a state space approach
(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 ... -
Forward- and backward looking models for Norwegian export prices
(Discussion papers;152, Working paper, 1995-08)The Norwegian export price for an aggregated commodity is modelled assuming price-setting behaviour. The focus is on the choice between backward- and forward looking models. The dynamics is modelled according to three ... -
Home, sweet home or is it -always? Testing the efficiency of the Norwegian housing market
(Discussion Papers;No. 506, Working paper, 2007)Abstract: The question of whether the housing market is efficient or not is posed by an increasing number of economists, policymakers, current homeowners and prospective homebuyers. This article tests the efficiency ... -
How do banks' funding costs affect interest margins?
(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 ... -
Indirect inference methods for stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck processes
(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 ... -
Is there a business cycle component in Norwegian macroeconomic quarterly time series?
(Discussion papers;140, Working paper, 1995-01)Some main Norwegian quarterly macroeconomic time series are decomposed into unobserved components within the framework of structural time series models using UCARIMA models. In the most general case we allow for a stationary ... -
Modelling the demand for imports and domestic output
(Discussion Papers;No. 243, Working paper, 1999)The paper models domestic output over imports in Norway’s expenditure on manufactures. Using Johansen’s (1988, 1991) method, we obtain a cointegrating vector between the output-imports ratio, relative prices and a proxy ... -
Multivariate stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck processes : a quasi-likelihood approach
(Discussion Papers;614, Working paper, 2010)This paper extends the ordinary quasi-likelihood estimator for stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck (OU) processes to vector processes. Despite the fact that multivariate modeling of asset ... -
Small continuous surveys and the Kalman filter
(Discussion Papers;No. 333, Working paper, 2002)Abstract: The time series nature of repeated surveys is seldom taken into account. I present a statistical model of repeated surveys and construct a computationally feasible estimator based on the Kalman filter. The novelty ... -
Sources of Business Cycles in Energy Producing Economies – The case of Norway and United Kingdom
(Discussion papers;179, Working paper, 1996-08)This paper analyses the sources of business cycles in economies that have an important energy producing sector. Especially, I investigate the effects of oil and gas extractions (energy booms) on the manufacturing sector, ... -
The demand for labour and the Lucas critique : evidence from Norwegian manufacturing
(Discussion Papers;No. 256, Working paper, 1999)This paper uses neoclassical theory as a foundation for modelling labour demand in Norwegian manufacturing. Applying the Johansen (1988,1991) methodology, we obtain a single cointegrating vector between employment, production, ... -
The dynamic effects of aggregate demand, supply and oil price shocks
(Discussion Papers;No. 174, Working paper, 1996)This paper analyses the dynamic effects of aggregate demand, supply and real oil price shocks on real output and unemployment. Oil price shocks are included explicitly in the model, to investigate their role in explaining ... -
The importance of interest rates for forecasting the exchange rate
(Discussion Papers;No. 340, Working paper, 2003)Abstract: This study compares the forecasting performance of a structural exchange rate model that combines the purchasing power parity condition with the interest rate differential in the long run, with some alternative ...