Browsing Discussion Papers by Author "Brasch, Thomas von"

Now showing items 1-10 of 10

    • Corporate taxes, investment and the self-financing rate: The effect of location decisions and exports 

      Brasch, Thomas von; Frankovic, Ivan; Tölö, Eero (Discussion Paper;No. 955, Working paper, 2021-05)
      In this paper, we study how lower corporate tax rates impact investment by including two novel channels into a DSGE model used for fiscal policy analysis in Norway. We capture both how foreign firms relocate and invest in ...

    • An exact additive decomposition of the weighted arithmetic mean* 

      Brasch, Thomas von; Grini, Knut Håkon; Johnsen, Magnus Berglund; Vigtel, Trond Christian (Discussion Paper;No. 944, Working paper, 2021-09)
      The weighted arithmetic mean is used in a wide variety of applications. An infinite number of possible decompositions of the weighted mean are available, and it is therefore an open question which of the possible decompositions ...

    • 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. ...

    • Modeling R&D spillovers to productivity: The effects of tax policy 

      Brasch, Thomas von; Cappelen, Ådne; Hungnes, Håvard; Skjerpen, Terje (Discussion Paper;No. 927, Working paper, 2020-04)
      We study the role of R&D spillovers when modelling total factor productivity (TFP) by industry. Using Norwegian industry level data, we find that for many industries there are significant spillovers from both domestic ...

    • On measuring the contribution from fi rm turnover to aggregate productivity growth: Selection on profitability and not productivity 

      Brasch, Thomas von (Discussion papers;819, Working paper, 2015-10)
      Foster et al. (2001) outline a framework that is commonly used to identify the contribution from firm turnover to aggregate productivity growth. The framework is not derived from economic theory and it implies that ...

    • Optimal control and the Fibonacci sequence 

      Brasch, Thomas von; Byström, Johan; Lystad, Lars Petter (Discussion Papers;674, Working paper, 2012)
      We bridge mathematical number theory with that of optimal control and show that a generalised Fibonacci sequence enters the control function of finite horizon dynamic optimisation problems with one state and one control ...

    • Productivity dispersion and measurement errors 

      Brasch, Thomas von; Iancu, Diana-Cristina; Skjerpen, Terje (Discussion Papers;No. 869, Working paper, 2017-11-24)
      We outline a novel procedure to identify the role of measurement errors in explaining the empirical dispersion in productivity across establishments. The starting point of our framework is the typical errors-in-variable ...

    • Productivity growth, firm turnover and new varieties 

      Brasch, Thomas von; Iancu, Diana-Cristina; Raknerud, Arvid (Discussion Papers;No. 872, Working paper, 2018-03-08)
      We reconcile two different strands of the literature: the literature on how new goods impact prices and the literature on productivity growth and firm turnover. To our knowledge, this is the first paper to provide a ...

    • A two-stage pooled panel data estimator of demand elasticities 

      Brasch, Thomas von; Raknerud, Arvid (Discussion Paper;No. 951, Working paper, 2021-04)
      In a seminal paper, Feenstra (1994) developed an instrumental variable estimator which is becoming increasingly popular for estimating demand elasticities. Soderbery (2015) extended this estimator and created a routine ...

    • Understanding the productivity slowdown The importance of entry and exit of workers 

      Brasch, Thomas von; Cappelen, Ådne; Iancu, Diana-Cristina (Discussion papers;818, Working paper, 2015-09)
      Many OECD countries have experienced a slowdown in measured labour productivity from 2005 and onwards. Norway is no exception in this respect. Most countries use a simple aggregate of hours worked when measuring labour ...