Blar i Statistics Norway's Open Research Repository (SNORRe) på emneord "JEL classification: C43"
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A framework for empirical modelling of consumer demand with latent quality attributes
(Discussion Papers;No. 229, Working paper, 1998)This paper discusses a particular approach to empirical consumer demand modelling when products are differentiated and the product attributes are unobservable. In contrast to the traditional approach to this problem, see ... -
Aggregation and aggregation biases in production functions : a panel data analysis of translog models
(Discussion Papers;No. 317, Working paper, 2002)Abstract: An applied econometric study of aggregation, based on an unbalanced panel data set for manu-facturing plants is presented. Panel data are informative in examining aggregation of variables, parameters, and ... -
Axiomatic characterization of the Gini coefficient and Lorenz curve orderings
(Journal article; Peer reviewed, 2001)This paper is concerned with distributions of income and the ordering of related Lorenz curves. By introducing appropriate preference relations on the set of Lorenz curves, two alternative axiomatic characterizations of ... -
Calculating the real return of the Norwegian Government Pension Fund Global by alternative measures of the deflator
(Discussion papers;775, Working paper, 2014-04)According to the present guidelines for fiscal policy, the use of oil revenues in the Norwegian economy should over time equal the expected real return on the Government Pension Fund Global (GPFG). An important question ... -
A conceptual note on the aggregation of international prices using index numbers
(Discussion Papers;No. 656, Working paper, 2011)Abstract: Aggregation of international prices in empirical work is generally based on well known index number formulas. However, a common practice applying such formulas is the use of price indices rather than price levels ... -
Constructing panel data estimators by aggregation: A general moment estimator and a suggested synthesis
(Discussion Papers;No. 420, Working paper, 2005)Abstract: A regression equation for panel data with two-way random or fixed effects and a set of individual specific and period specific `within individual' and `within period', estimators of its slope coefficients are ... -
Consumer demand and unobservable product attributes
(Discussion Papers;No. 223, Working paper, 1998)Traditional approaches to consumer demand modelling ignores the problem associated with product heterogeneity where important product characteristics are latent. The point of departure in the present study is a particular ... -
Consumer demand with unobservable product attributes - Part II: inference
(Discussion Papers;No. 167, Working paper, 1996)In this paper we discuss statistical inference associated with the theoretical model developed in Part I. Specifically, we demonstrate how the relationship between the distribution of prices and unit values can be exploited ... -
Consumer demand with unobservable product attributes : part I: theory
(Discussion Papers;No. 166, Working paper, 1996)This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is ... -
Correlated Measurement Errors, Bounds on Parameters, and a Model of Producer Behavior
(Discussion papers;112, Working paper, 1994-04)We examine estimation of a model of producer behavior in the presence of correlated measurement errors in the regressors. Scale economies and price-cost margins are estimated from a set of panel data for manufacturing ... -
Evaluating multilateral price indices in a dynamic item universe
(Discussion papers;914, Working paper, 2019-09)Statistics Norway has a long history of using scanner data in the Consumer Price Index (CPI). The early research – in Norway as well as internationally – was focused on supermarket data which consists largely of stable ... -
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 ... -
Measuring and decomposing capital stock and service values : should capital quality be given a place?
(Discussion Papers;No. 518, Working paper, 2007)Abstract: Aggregation of tangible capital assets across vintages and decomposition of value aggregates into quantities and prices are considered. Focus is on both capital stock values and capital service values. If the ... -
Parametric aggregation of random coefficient Cobb-Douglasproduction functions : evidence from manufacturing industries
(Discussion Papers;No. 342, Working paper, 2003)Abstract: A panel data study of parametric aggregation of a production function is presented. A four-factor Cobb-Douglas function with random and jointly normal coefficients and jointly log-normal inputs is used. Since, ... -
Price indexes for elementary aggregates derived from behavioral assumptions
(Discussion Papers;No. 234, Working paper, 1998)This paper discusses the properties of price- and Cost-of-Living indexes that follow from specific assumptions about the structure of consumer preferences. Of particular interest are indexes for elementary aggregates. In ... -
Quality adjusted price indexes for discrete goods
(Discussion Papers;No. 490, Working paper, 2006)Abstract: This paper discusses the construction and computation of a quality adjusted price index when the commodities are differentiated products, such as different brands of automobiles and refrigerators. The method ... -
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 elasticity of substitution of superlative price indices
(Discussion Papers;No. 407, Working paper, 2005)Abstract: The paper presents a method for computing the curvature implicit in the use of superlative price indices. It extends the quadratic lemma and allows us to compute the elasticity of substitution of the underlying ... -
The Norwegian productivity puzzle - not so puzzling after all?
(Discussion papers;796, Working paper, 2015-02)The Norwegian productivity puzzle is rooted in three seemingly contradictory “facts”: First, Norway is one of the most productive OECD countries. Second, Norway has experienced high growth in productivity. Third, Norway ... -
The role of heterogeneous demand for temporal and structural aggregation bias
(Discussion Papers;No. 537, Working paper, 2008)Abstract: Differences in estimated parameters depending on the frequency of aggregate data have been reported in several fields of economic research. Some differences are due to seasonal variations in demand, but temporal ...