Blar i Discussion Papers på forfatter "Cappelen, Ådne"

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    • Differences in Learning and Inequality 

      Cappelen, Ådne (Discussion Papers;No. 457, Working paper, 2006)
      Abstract: Rapid growth in productivity combined with increasing wage dispersion in some countries, notably Anglo-Saxon, has been the subject of numerous studies. The main hypothesis in the literature is that an increased ...

    • Evaluation of the Norwegian R&D tax credit scheme 

      Cappelen, Ådne; Fjærli, Erik; Foyn, Frank; Hægeland, Torbjørn; Møen, Jarle; Raknerud, Arvid; Rybalka, Marina (Discussion Papers;640, Working paper, 2010)
      We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is cost-effective and it is used by a large number of firms. It stimulates these firms to invest more in R&D, and, ...

    • Exchange rate pass-through in a Small Open Economy 

      Boug, Pål; Cappelen, Ådne; Eika, Torbjørn (Discussion Papers;No. 429, Working paper, 2005)
      Abstract: Several small open economies switched to inflation targeting during the 1990s, thereby giving up various forms of exchange rate targeting in favour of flexible exchange rates. Norway did the same early in 2001, ...

    • Expectations in export price formation tests using cointegrated VAR models 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 283, Working paper, 2000)
      The formation of export prices is an area in which the linear quadratic adjustment cost (LQAC) model under rational expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model ...

    • Expected service lives and depreciation profiles for capital assets. Evidence based on a survey of Norwegian firms 

      Barth, Nini; Cappelen, Ådne; Skjerpen, Terje; Todsen, Steinar; Åbyholm, Thom (Discussion Papers;No. 840, Working paper, 2016-05-12)
      In the Norwegian national accounts, as in many other countries, it is quite common to use information on depreciation rates and profiles based on studies from the US, Canada and the Netherlands due to a lack of national ...

    • Fiscal policy, macroeconomic performance and industry structure in a small open economy 

      Boug, Pål; von Brasch, Thomas; Cappelen, Ådne; Hammersland, Roger; Hungnes, Håvard; Kolsrud, Dag; Skretting, Julia; Strøm, Birger; Vigtel, Trond Christian (Discussion Paper;No. 984, Working paper, 2022-07)
      We analyse how fiscal policy affects both the macroeconomy and the industry structure, using a multi-sector macroeconomic model of the Norwegian economy with an inflation targeting monetary policy. Our simulations show ...

    • Immigration and the Dutch disease. A counterfactual analysis of the Norwegian resource boom 2004-2013 

      Cappelen, Ådne; Eika, Torbjørn (Discussion Papers;No. 860, Working paper, 2017-06-15)
      The EU-enlargement in 2004 increased labour migration and affected the Norwegian labour market in particular. We study how this modified the Dutch disease effects during the resource boom 2004- 2013. In the Norwegian ...

    • Immigration to Norway 1969-2010 : effects of policies and EEA membership 

      Cappelen, Ådne; Skjerpen, Terje (Discussion papers;No. 687, Working paper, 2012)
      We examine how changes to regulations and the economic conditions have influenced gross immigration to Norway from, in principle, all countries in the world during 1969– 2010. In line with existing studies of immigration ...

    • Incomes policies and the Norwegian economy 1973-93 

      Bowitz, Einar; Cappelen, Ådne (Discussion Papers;No. 192, Working paper, 1997)
      During the second half of the 1970s there was massive government interference in wage and price formation in Norway. Incomes policies changed in the first half of the 1980s - the hey days of "dynamic tax policies" in Norway ...

    • Investment booms in an oil economy - the Norwegian case 

      Berger, Kjell; Cappelen, Ådne; Svendsen, Ingvild (Discussion Paper;No. 29, Working paper, 1988-02)
      This paper discuss medium term effects on the Norwegian economy of alternative investment profiles in the petroleum sector. Following a brief discussion of the relevance of theories of optimal extraction we present three ...

    • Macroeconomic modelling: The Norwegian experience 

      Cappelen, Ådne (Discussion Paper;No. 57, Working paper, 1991-02)
      This paper describes the institutional background of Norwegian large scale macroeconometric modelbuilding. Such models were in general subject of harsh criticism during the 1970s. We discuss how modelbuilders in Norway . ...

    • Micro and macro evidence of the relationship between income mobility and taxation 

      Cappelen, Ådne; Hattrem, Aurora G.; Thoresen, Thor O. (Discussion Paper;1010, Working paper, 2024-01)
      How taxation influences income mobility is largely a neglected topic. In this study we discuss the relationship between taxation and income mobility by analyzing both macro and micro data. Administrative register data ...

    • MODAG A a medium term annual macroeconomic model of the Norwegian economy 

      Bergan, Roar; Cappelen, Ådne; Longva, Svein; Stølen, Nils Martin (Discussion Papers;No. 18, Working paper, 1986-10-15)
      This paper presents the structure and main empirical characteristics of MODAG A, a medium term annual macroeconomic model of the Norwegian economy. The model has an input-output structure with 41 commodities and 33 ...

    • MODAG: A Medium Term Macroeconometric Model of the Norwegian Economy 

      Cappelen, Ådne (Discussion Paper;No. 67, Working paper, 1991-11)
      This paper describes the main structure of the MODAG model, an annual macroeconometric model of the Norwegian economy. A short description of the main features of the model including forcasting performance is followed by ...

    • 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 ...

    • Modelling OPEC behaviour. Theory and evidence 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 843, Working paper, 2016-07-01)
      We analyse the behaviour of OPEC as a group for the period 1992 to 2015 by formulating a model that encompasses several of the alternatives discussed in the literature. There is no consensus in the literature on how ...

    • A new approach to estimating private returns to R&D 

      Cappelen, Ådne; Mohnen, Pierre; Raknerud, Arvid; Rybalka, Marina (Discussion Paper;No. 1005, Working paper, 2023-08)
      This paper revisits the estimation of private returns to R&D. In an extension of the standard approach, we allow for endogeneity of production decisions, heterogeneity of R&D elasticities, and asymmetric treatment of ...

    • The New Keynesian Phillips curve : does it fit Norwegian data? 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 652, Working paper, 2011)
      Abstract: We evaluate the empirical performance of the new Keynesian Phillips curve (NKPC) for a small open economy using cointegrated vector autoregressive models, likelihood based methods and general method of moments. ...

    • Returns to public R&D grants and subsidies 

      Cappelen, Ådne; Raknerud, Arvid; Rybalka, Marina (Discussion papers;740, Working paper, 2013-05)
      We address the question of whether the returns to R&D differ between R&D projects funded by public grants and R&D in general. To answer this question, we use a flexible production function that distinguishes between different ...

    • The consumption Euler equation or the Keynesian consumption function? 

      Boug, Pål; Cappelen, Ådne; Jansen, Eilev S.; Swensen, Anders Rygh (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 ...