• Exit dynamics with adjustment costs 

      Golombek, Rolf; Raknerud, Arvid (Discussion Papers;No. 442, Working paper, 2005)
      Abstract: We use the Stock and Wise approximation of stochastic dynamic programming in order to identify the extent to which profitability can explain exit behavior. In our econometric model, heterogeneous firms engage ...
    • Exit dynamics with rational expectations 

      Raknerud, Arvid; Golombek, Rolf (Discussion Papers;No. 291, Working paper, 2000)
      Abstract: We develop an econometric model for firm exit, using stochastic dynamic programming (SDP) as a starting point. According to SDP, the value of an operating firm can be written as the sum of (i) the net present ...
    • Heterogeneity, productivity and selection: an empirical study of Norwegian manufacturing firms 

      Klette, Tor Jakob; Raknerud, Arvid (Discussion Papers;No. 401, Working paper, 2005)
      Abstract: How do firms differ, and why do they differ even within narrowly defined industries? Using evidence from a new panel data set for four high-tech, manufacturing industries covering a 10-year period, we show how ...
    • Import price formation and pricing to market: A test on Norwegian data 

      Naug, Bjørn E.; Nymoen, Ragnar (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 ...
    • Is Norway immune to Dutch Disease? CGE estimates of sustainable wage growth and de-industrialisation 

      Holmøy, Erling; Heide, Kim Massey (Discussion Papers;No. 413, Working paper, 2005)
      Norway's petroleum wealth has become considerably more liquid and thereby visible to the public since the mid 1990s. In the policy debate transformation of wealth is often confused with ordinary income. Such a misconception ...
    • Material accounting in a macroeconomic framework forecast of waste generated in manufacturing industries in Norway 

      Ibenholt, Karin (Discussion Papers;No. 236, Working paper, 1998)
      This paper analyses the generation of waste in production processes, based on the physical law of conservation of mass. By this law, mass going into a production process must equal the mass coming out of the same process. ...
    • Wage and profitability: Norwegian manufacturing 1967-1998 

      Bjørnstad, Roger; Nymoen, Ragnar (Discussion Papers;No. 259, Working paper, 1999)
      Economic theories of imperfectly competitive labour markets predict that wages are linked to profits. In spite of this, profit variables are not explicitly specified in empirical models of wage formation that otherwise are ...