We investigate the information content of aggregate stock market liquidity and askwhether it may be a useful realtime indicator, both for nancial stress, and real economicactivity in Norway. We describe the development in a set of liquidity proxies at the OsloStock Exchange (OSE) for the period...

This paper gives an overview of different methodologies related to value chain analysis in thecontext of environment and trade research. Four major fields of methodologies are identified:Accounting of input-output flows, general equilibrium models, econometrics, and globalcommodity chain...

The goal of this paper is to examine the shape of the Laffer curve quantitativelyin a simple neoclassical growth model calibrated to the US as well as to the EU-15 economy. We show that the US and the EU-15 area are located on the left side of their labor and capital tax Laffer curves, but the...

The U.S. Bureau of Economic Analysis monthly journal of record presents summary estimates and analyses of U.S. economic activity. It includes articles about the national, regional, and international economic accounts and related topics. It also presents the latest estimates of the national...

The Economic Census provides a detailed portrait of the Nation's economy once every five years, from the national to the local level. The 2002 Economic Census covers nearly all of the U.S. economy in its basic collection of establishment statistics. There also are several related programs,...

Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet’s bias-corrected LSDV and GMM estimators all perform well in both short and long panels...

Much of Africa has been ravaged by the AIDS epidemic. There, heterosexual contactis the primary mode of transmission for the HIV virus. Even when access to condomsis good and their price low, a large fraction of young Africans continue to engage inunprotected sex. In this paper, we propose a...

This paper discusses the paper "The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions" by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...

This paper examines to what extent recent empirical evidence can collectively andsystematically substantiate the claim that entrepreneurship has important economic value.Hence, a systematic review is provided that answers the question: What is the contribution ofentrepreneurs to the economy in...

We evaluate the effects of outsourcing and wage solidarity on wage formation andequilibrium unemployment in a heterogeneous labour market, where wages are determinedby a monopoly labour union. We find that outsourcing promotes the wage dispersion betweenthe high-skilled and low-skilled workers...