Blar i Statistics Norway's Open Research Repository (SNORRe) på emneord "JEL classification: C32"
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A causality analysis on GDP and air emissions in Norway
(Discussion Papers;No. 447, Working paper, 2006)Abstract: This paper conducts Granger-causality tests on real per capita GDP and four types of air emissions (CO2, CO, SO2 and NOx) by using Norwegian data covering the period 1973-2003. The test results indicate that ... -
A demand system for input factors when there are technological changes in production
(Discussion Papers;No. 556, Working paper, 2008)Abstract: In a system with n input factors there are n − 1 independent cost shares. An often-used approach in estimating factor demand systems is to (implicitly or explicitly) assume that there is a (independent) cointegrating ... -
A linear demand system within a Seemingly Unrelated Time Series Equation framework
(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 macromodel of local government spending behaviour in Norway
(Discussion Papers;No. 117, Working paper, 1994)A cooperative bargaining model is adapted to the setting of local government in Norway. Aggregate consumption, the capital stock and net financial wealth in the local public sector are endogenized. The origin of intertia ... -
Classical identification : a viable road for data to inform structural modeling
(Discussion Papers;No. 562, Working paper, 2008)Abstract: This paper addresses how to enhance the role of data in structural model design by utilizing structural breaks and superfluous information as auxiliary tools of exact identification. To illustrate the procedure ... -
Economic fluctuations in a small open economy – Real versus nominal shocks
(Discussion Papers;No. 215, Working paper, 1998)This paper analyses the role of real and nominal shocks in explaining business cycles in a small open economy like that of Norway. In particular, we study the sources behind real exchange rate fluctuations since the collapse ... -
Estimating and restricting growth rates and cointegrationmeans : with applications to consumption and money demand
(Discussion Papers;No. 309, Working paper, 2001)Abstract: The parameters in the cointegration vector and the loading parameters are not the only interesting parameters in a vector cointegration model. With a reformulation of the model the intercept parameters can be ... -
Estimating core inflation : the role of oil price shocks and imported inflation
(Discussion Papers;No. 200, Working paper, 1997)This paper calculates core inflation, by imposing long run restrictions on a structural vector autoregression (VAR) model containing the growth rate of output, inflation and oil prices. Core inflation is identified as ... -
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 ... -
The financial accelerator : evidence using a procedure of structural model design
(Discussion Papers;569, Working paper, 2008)We find empirical evidence of a financial accelerator using a data based procedure of Structural Model Design. Credit to firms, asset prices and aggregate economic activity interact over the business cycle in our empirical ... -
Financial deregulation and consumer behavior: the Norwegian experience
(Discussion Papers;No. 156, Working paper, 1995)The present paper uses the model by Campbell and Mankiw (1991) to examine the Norwegian consumer behavior and the role of the financial deregulation during the 1980s. For quarterly data on non-durables and services, we ... -
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 ... -
Fundamental determinants of the long run real exchange rate: The case of Norway
(Discussion Papers;No. 326, Working paper, 2002)Abstract: Modelling the Norwegian exchange rate against a basket of currencies, we find a robust long-term link between the real exchange rate and real interest differential that is consistent with purchasing power parity ... -
Identifying structural breaks in cointegrated VAR models
(Discussion Papers;No. 422, Working paper, 2005)Abstract: The paper describes a procedure for decomposing the deterministic terms in cointegrated VAR models into growth rate parameters and cointegration mean parameters. These parameters express long-run properties of ... -
Import price formation and pricing to market: A test on Norwegian data
(Discussion Papers;No. 157, Working paper, 1995)This paper investigates the determinants of Norwegian import prices of manufactures over the period 1970(1) - 1991(4). Multivariate cointegration analysis establishes a long-run relationship between import prices, foreign ... -
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 ... -
More on testing exact rational expectations in cointegrated vector autoregressive models : restricted drift terms
(Discussion Papers;No. 348, Working paper, 2003)Abstract: In this note we consider testing of a type of linear restrictions implied by rational expectations hypotheses in a cointegrated vector autoregressive model for I(1) variables when there in addition is a restriction ... -
On the simultaneous determination of current expenditure, real capital, fee income, and public debt in Norwegian local government
(Discussion papers;153, Working paper, 1995-08)An extended community preference model including real and financial investments is estimated on accounting time-series data for the local public sector in Norway. The estimation results indicate considerable sluggishness ... -
Returns to publicly owned transport infrastructure investment. A cost function/cost share approach for Norway, 1971-1991
(Discussion papers;154, Working paper, 1995-09)An issue of major concern to politicians and policy-makers around the world today is whether transport infrastructure investments, such as those in roads and airports, generate enough economic benefits to justify their ... -
Self-reinforcing effects between housing prices and credit: an extended version
(Discussion papers;756, Working paper, 2013-10)The financial crisis has brought the interaction between housing prices and household borrowing into the limelight of economic policy debate. This paper examines the nexus of housing prices and credit in Norway within a ...