The integer-valued moving average model is advanced to model the number of transactions in intra-day data of stocks. The conditional mean and variance properties are discussed and model extensions to include, e.g., explanatory variables are offered. Least squares and generalized method of moment...

Based on data from a panel of the Swedish municipalities during 1993-2004, the effects of public health care expenditure on absence from work due to sickness or disability were studied using an instrumental variable method. Public health care expenditure had no significant effect on absence due...

The Swedish health care system is to a large extent publicly managed by 21 local county councils. During recent years there has been a movement were local county councils have opted to allow more of the production to be performed by alternative producers (i.e. private firms, cooperatives etc.)....

This paper evaluates the effects on unemployment of the Adult Education Initiative (AEI) in Sweden. The AEI offered the unemployed adult education at a compulsory or upper secondary level. The AEI is compared with the vocational training part of Labor Market Training (LMT). The study uses...

A bivariate integer-valued moving average (BINMA) model is proposed. The BINMA model allows for both positive and negative correlation between the counts. This model can be seen as an inverse of the conditional duration model in the sense that short durations in a time interval correspond to a...

This paper contributes to the theory of social accounting. As such, it tries to extend earlier literature on the welfare equivalence of the comprehensive net national product in two main directions, both of which refer to the public sector. One is by considering welfare measurement problems...

In this paper, we consider the welfare effects of environmental policy cooperation in a two-country economy. We assume that the countries finance their public expenditures by using distortionary taxes, and that the countries differ with respect to competition in the labor market. The purpose is...

In Sweden, there are two separate instruments for ranking applicants in the admission to higher education; the GPA from upper secondary school and the Swedish Scholastic Assessment Test (the SweSAT). A problem in the selection is that different groups of students perform differently on the...

This paper analyses the experience of 83 countries from the period of 1950-2004 and addresses the following question: when do democratic transitions produce (good) bad economic outcomes. Following the theoretical papers of Acemoglu et al. (2004, 2008(a)), an attempt is made to control for both...

This paper analyses the survival of four different growth regimes conditional on political regime transitions that occurred during the first or prior year of the economic regime. The results suggest that in countries with no history of military dictatorship (MD), the episodes of fast-growing...