Swedish environmental policy is based on 16 environmental quality objectives (Gov. Bill 2000/01:130 and Gov.Bill 2004/05:150).1 One of the most challenging objectives,‘A non toxic environment’, has two interim targets that concern remediation of contaminated sites. In sum, they state that...

The paper classifies small open economies in Europe into three categories. First, countries moving primarily in line with international fluctuations. Second, countries responding mainly to shocks at the EU level, and third, countries where fluctuations can be attributed essentially to domestic...

Human capital is an important component of economic growth. The article extends a theoretical model for comprehensive national accounting to the welfare effects of pollution on human capital. The model includes a production externality in the form of a flow of air pollutants that cause both...

This paper investigates whether forecasts of the Swedish unemployment rate can be improved by using business and household survey data. We conduct an out-of-sample forecast exercise in which the performance of a Bayesian VAR model with only macroeconomic data is compared to that when the model...

One-year-ahead forecasts by the OECD and by national institutes of GDP growth and inflation in 13 European countries are analysed. RMSE was large: 1.9 % for growth and 1.6 % for inflation. Six (11) OECD and 10 (7) institute growth forecast records were significantly better than an average growth...

KIMOD is a model in constant progress. Since the first documentation of KIMOD in January 2007, the model in use has changed gradually. It’s now time to introduce the second version of the model – KIMOD 2.0. As time passes, new data and new judgement causes parametric changes. In chapter 1,...

While using detailed firm-level data from the private business sector, this study identifies two empirical puzzles: (i) returns-to-scale (RTS) parameter estimates rise at higher levels of data aggregation, and (ii) estimates from the firm level suggest decreasing returns to scale. The analysis...

Asymptotic tests for fractional integration are usually badly sized in small samples, even for normally distributed processes. Furthermore, tests that are well-sized under normality may be severely distorted by non-normalities and ARCH errors. This paper demonstrates how the bootstrap can be...

Simulation experiments are conducted, comparing the effects of a common reduction of CO2 emissions within the European Union to a Swedish unilateral decicion to reduce CO2 emissions. A numerical general equilibrium model, GEM-E3, has been used as analytical tool. The model covers all European...

While using new data and standard growth-accounting techniques, this paper takes a closer look at the Swedish productivity revival in the second half of the 1990s. In particular, I find large total factor productivity growth in high-tech producing sectors and capital deepening associated with...