Research Institute of Industrial Economics

Displaying 1-37 of 37 results

  • White Papers // May 2011

    Ownership Efficiency And Tax Advantages: The Case Of Private Equity Buyouts

    Private equity firms are drivers of the ongoing international restructuring process. Extensive use of leverage gives private equity firms a tax advantage in the market for corporate control. The authors show that with limited deductibility of acquisition costs, these tax advantages will affect the efficiency of the market for corporate...

    Provided By Research Institute of Industrial Economics

  • White Papers // May 2011

    Government Size And Growth: A Survey And Interpretation Of The Evidence

    The literature on the relationship between the size of government and economic growth is full of seemingly contradictory findings. This conflict is largely explained by variations in definitions and the countries studied. An alternative approach - of limiting the focus to studies of the relationship in rich countries, measuring government...

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2011

    Intangible Investment And The Swedish Manufacturing And Service Sector Paradox

    Since the mid 1990s labor productivity growth in Sweden has been high compared to Japan, the US and the western EU-countries. While productivity growth has been rapid in manufacturing, it has been much slower in the service sector. Paradoxically, all employment growth since the mid 1990s has been created in...

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2011

    Acquisitions, Entry And Innovation In Network Industries

    Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? The authors develop a theory of commercialization (entry or sale) in network industries showing that high equilibrium acquisition prices are driven by the incumbents' desire to prevent rivals from acquiring innovative entrepreneurial firms. This preemptive motive...

    Provided By Research Institute of Industrial Economics

  • White Papers // Feb 2011

    Growth Effects Of Fiscal Policies: A Critical Appraisal Of Colombier~s (2009) Study

    In a recent paper, Colombier (2009) uses a robust estimation technique and claims to find empirical evidence that government size has not been detrimental to growth for OECD countries during the 1970 to 2001 period, and that endogenous growth theory is not corroborated. The authors examine the robustness of these...

    Provided By Research Institute of Industrial Economics

  • White Papers // Feb 2011

    Globalization And Absolute Poverty - A Panel Data Study

    Using panel data from more than 100 countries around the world from 1988 through 2007, this paper examines the relationship between economic and social globalization and absolute income poverty ex post. The authors use the globalization index developed by Dreher (2006) and the World Bank poverty estimates. Using a fixed-effect...

    Provided By Research Institute of Industrial Economics

  • White Papers // Dec 2010

    Globalization And Imperfect Labor Market Sorting

    This paper focuses on the ability of the labor market to correctly match heterogeneous workers to jobs within a given industry and the role that globalization plays in that process. Using matched worker-firm data from Sweden, the authors find strong evidence that openness improves the matching between workers and firms...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2010

    Oil Prices And Real Exchange Rate Movements In Oil-Exporting Countries: The Role Of Institutions

    Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price volatility by generating a smooth pattern of fiscal spending over the price cycle. Empirical tests...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2010

    Institutional Entrepreneurship: An Introduction

    In this introductory chapter to a collective volume, the authors build on Baumol's (1990) framework to categorize, catalog, and classify the budding research field that explores the interplay between institutions and entrepreneurship. Institutions channel entrepreneurial supply into productive or unproductive activities, which likely accounts for a great deal of the...

    Provided By Research Institute of Industrial Economics

  • White Papers // Sep 2010

    FDI And Growth In East Asia: Lessons For Indonesia

    Foreign direct investment has been important in the economic growth and global economic integration of developing countries over the last decades. Both Northeast and Southeast Asia, especially the latter, have been part of this development with increasing inflows of FDI and greater foreign participation in their economies. However, Indonesia has...

    Provided By Research Institute of Industrial Economics

  • White Papers // Sep 2010

    Globalization Of Corporate Governance: The American Influence On Dismissal Performance Sensitivity Of European CEOs

    The authors examine how globalization of corporate governance practices influences the dismissal risk of European CEOs. It is hypothesized that the harsh monitoring of the American corporate governance system influences European CEOs' dismissal performance sensitivity, indirectly and directly. The former materializes via European firms cross-listing on U.S. exchanges, the latter...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2010

    Exploring The Duration Of EU Imports

    The objective of this paper is twofold. First, against the background of an existing empirical literature on the duration of trade which has found that international trade is often of strikingly short duration, the authors aim to establish whether or not EU imports from the rest of the world also...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2010

    Buying To Sell: A Theory Of Buyouts

    Private equity firms are an important part of the industrial restructuring process. The authors argue that the key is temporary ownership. Buying to sell induces aggressive restructuring since the equilibrium trade sale price increases both because the profits of the acquiring incumbent increase and the profits of non-acquiring incumbents decrease....

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2010

    Exposure-Based Cash-Flow-At-Risk For Value-Creating Risk Management Under Macroeconomic Uncertainty

    A strategically minded CFO will realize that strategic corporate risk management is about finding the right balance between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment of risk and risk exposures on the one hand and performance on the other. Properly designed, a risk...

    Provided By Research Institute of Industrial Economics

  • White Papers // May 2010

    Fiscal Illusion And Fiscal Obfuscation: An Empirical Study Of Tax Perception In Sweden

    In this paper, the authors present survey evidence suggesting that there exists a sizeable fiscal illusion amongst the general public in Sweden. Respondents in a nation-wide and representative survey systematically underestimate the share of an ordinary worker's income that is transferred to the public sector. Furthermore, they make a theoretical...

    Provided By Research Institute of Industrial Economics

  • White Papers // May 2010

    Entrepreneurship And Public Policy

    Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance of both productive entrepreneurship and so-called high-impact entrepreneurship in turn. Although varying...

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2010

    Firm Growth, Institutions And Structural Transformation

    This paper argues that the economic contribution of certain firms - be they small, young or rapidly growing - has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated...

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2010

    Hybrid Entrepreneurship

    In contrast to previous efforts to model the individual's movement from wage work into entrepreneurship, the authors consider that individuals might transition incrementally by retaining their wage job while entering into self-employment. They show that these hybrid entrepreneurs represent a significant share of all entrepreneurial activity. Theoretical arguments are proposed...

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2010

    Gender, Wages, And Social Security In China's Industrial Sector

    This study compares average earnings and productivities for men and women employed in roughly 200,000 Chinese industrial enterprises. Women's average wages lag behind men's wages by 11%, and this result is robust to the inclusion of non-wage income in the form of social insurance payments. The gender-wage gap is wider...

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2009

    Taxation And The Quality And Quantity Of Entrepreneurship

    The author studies the effect of taxation on entrepreneurship, taking into account both the amount of entry and the quality of new ventures. They show that even with risk neutral agents and no tax evasion progressive taxes can increase entrepreneurial entry, while reducing average firm quality. So called "Success Taxes"...

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2009

    Entrepreneurship And The Theory Of Taxation

    A review of the literature on firm taxation reveals that the economics of entrepreneurship has not sufficiently been taken into consideration. The authors discuss how this affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some defining features of entrepreneurship important for analyzing the effects...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2009

    Entrepreneurial Innovations, Entrepreneurship Policy And Globalization

    What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? The authors study entrepreneurial policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more pro-entrepreneurial policies. It becomes more difficult to...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2009

    Can Investment In Intangibles Explain The Swedish Productivity Boom In The 1990s?

    After a severe crisis in the early 1990s, the Swedish economy experienced a boom in productivity growth. Economists have presented three explanations for the fast productivity growth in 1995-2004: market reforms, crisis recovery and the impact of Information and Communication Technology (ICT). This paper offers an alternative view, emphasizing instead...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2009

    Globalization, Transparency And Economic Growth: The Vulnerability Of Chinese Firms To Macroeconomic Shocks

    The process of globalization encompasses economic and financial integration. The abolition of capital controls and the dismantling of barriers of different kinds will expose previously sheltered companies to shocks on the global economic arena. Policy-makers in already globalized countries have learned that market participants should be prepared in due time...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2009

    Competition, Takeovers And Gender Discrimination

    Theories of taste-based discrimination predict that competitive pressures will drive discriminatory behavior out of the market. Using detailed matched employer-employee data, the author analyze how firm takeovers and product market competition affect firms' gender composition and gender wage gap. Taking into account several endogeneity concerns while using a difference-in-difference framework,...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2009

    Taxation And Entrepreneurship In A Welfare State

    Does tax policy affect the rate of self-employment in a modern welfare state? This question is analyzed empirically based on Swedish data for the entire post-war period. Available tax data indicate that payroll taxes have had a negative influence on the unincorporated rate of self-employment, though the effect is modest....

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2009

    The Interaction Of Entrepreneurship And Institutions

    Previous research, notably Baumol (1990), has highlighted the role of institutions in channeling entrepreneurial supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by institutions - entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and institutions is examined in this paper. Entrepreneurs...

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2009

    Entrepreneurship, Wage Employment And Control In An Occupational Choice Framework

    They authors combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to human capital than employees. They...

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2009

    The Labor Market Returns To Cognitive And Noncognitive Ability: Evidence From The Swedish Enlistment

    The authors use data from the military enlistment for a large representative sample of Swedish men to assess the importance of cognitive and non-cognitive ability for labor market out-comes. The measure of non-cognitive ability is based on a personal interview conducted by a psychologist. Unlike survey-based measures of non-cognitive ability,...

    Provided By Research Institute of Industrial Economics

  • White Papers // Feb 2009

    Paying To Remove Advertisements

    Media firms sometimes allow consumers to pay to remove advertisements from an advertisement-based product. The authors formally examine an ad-based monopolist's incentives to introduce this option. When deciding whether to introduce the option to pay, the monopolist compares the potential direct revenues from consumers with lost advertising revenues from not...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jan 2009

    Burden Of Proof In Environmental Disputes In The WTO: Legal Aspects

    This paper discusses allocation of burden of proof in environmental disputes in the WTO system. Besides laying down the natural principles that the complainant carries the burden to make a prima facie case that its claim holds, WTO adjudicating bodies have said little of more general nature. The paper therefore...

    Provided By Research Institute of Industrial Economics

  • White Papers // Dec 2008

    The Organization Of The Innovation Industry: Entrepreneurs, Venture Capitalists And Oligopolists

    The authors construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. They show that venture-backed entrepreneurial firms have an incentive to overinvest in development vis ? vis incumbents due to strategic product market effects...

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2008

    Venture Capitalists, Asymmetric Information, And Ownership In The Innovation Process

    In this paper the authors construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. They show that as exacerbated development by better-informed venture-backed firms is used as a signal to enhance the sale price...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2008

    The Global Award For Entrepreneurship Research

    The International Award for Entrepreneurship and Small Business Research was instituted in 1996, and it is now firmly established as the leading Prize for outstanding research contributions in the area. Thanks to a generous donation from the Swedish entrepreneur Rune Andersson it has been possible to make a number of...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2008

    Productive And Destructive Entrepreneurship In A Political Economy Framework

    Recent research has highlighted the role of institutions in channeling entrepreneurs into activities with positive or negative effects on overall productivity. Embedding central elements from these theories into a political economy framework reveals the bilateral causal relation between entrepreneurs and institutions. Core features of the entrepreneur force one to view...

    Provided By Research Institute of Industrial Economics

  • White Papers // Sep 2008

    Is Financial Risk-Taking Behavior Genetically Transmitted?

    In this paper, the authors use a sample of almost 30,000 Swedish mono- and dizygotic twins to study the heritability of financial risk-taking. Following a major pension reform in the year 2000, virtually all Swedish adults had to simultaneously make a financial decision affecting post-retirement wealth. They take this event...

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2006

    A Survey Of the Literature On The WTO Dispute Settlement System

    A considerable amount of academic interest has been devoted to the Dispute Settlement (DS) mechanisms of the GATT and the WTO, in particularly during the last decade. The purpose of this paper is to present and discuss what the authors see as main themes in this body of research, and...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2008

    Productive And Destructive Entrepreneurship In A Political Economy Framework

    Recent research has highlighted the role of institutions in channeling entrepreneurs into activities with positive or negative effects on overall productivity. Embedding central elements from these theories into a political economy framework reveals the bilateral causal relation between entrepreneurs and institutions. Core features of the entrepreneur force one to view...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2009

    Globalization, Transparency And Economic Growth: The Vulnerability Of Chinese Firms To Macroeconomic Shocks

    The process of globalization encompasses economic and financial integration. The abolition of capital controls and the dismantling of barriers of different kinds will expose previously sheltered companies to shocks on the global economic arena. Policy-makers in already globalized countries have learned that market participants should be prepared in due time...

    Provided By Research Institute of Industrial Economics

  • White Papers // Dec 2008

    The Organization Of The Innovation Industry: Entrepreneurs, Venture Capitalists And Oligopolists

    The authors construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. They show that venture-backed entrepreneurial firms have an incentive to overinvest in development vis ? vis incumbents due to strategic product market effects...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jan 2009

    Burden Of Proof In Environmental Disputes In The WTO: Legal Aspects

    This paper discusses allocation of burden of proof in environmental disputes in the WTO system. Besides laying down the natural principles that the complainant carries the burden to make a prima facie case that its claim holds, WTO adjudicating bodies have said little of more general nature. The paper therefore...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2010

    Oil Prices And Real Exchange Rate Movements In Oil-Exporting Countries: The Role Of Institutions

    Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price volatility by generating a smooth pattern of fiscal spending over the price cycle. Empirical tests...

    Provided By Research Institute of Industrial Economics

  • White Papers // Sep 2010

    Globalization Of Corporate Governance: The American Influence On Dismissal Performance Sensitivity Of European CEOs

    The authors examine how globalization of corporate governance practices influences the dismissal risk of European CEOs. It is hypothesized that the harsh monitoring of the American corporate governance system influences European CEOs' dismissal performance sensitivity, indirectly and directly. The former materializes via European firms cross-listing on U.S. exchanges, the latter...

    Provided By Research Institute of Industrial Economics

  • White Papers // May 2011

    Ownership Efficiency And Tax Advantages: The Case Of Private Equity Buyouts

    Private equity firms are drivers of the ongoing international restructuring process. Extensive use of leverage gives private equity firms a tax advantage in the market for corporate control. The authors show that with limited deductibility of acquisition costs, these tax advantages will affect the efficiency of the market for corporate...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2010

    Exposure-Based Cash-Flow-At-Risk For Value-Creating Risk Management Under Macroeconomic Uncertainty

    A strategically minded CFO will realize that strategic corporate risk management is about finding the right balance between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment of risk and risk exposures on the one hand and performance on the other. Properly designed, a risk...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2010

    Exploring The Duration Of EU Imports

    The objective of this paper is twofold. First, against the background of an existing empirical literature on the duration of trade which has found that international trade is often of strikingly short duration, the authors aim to establish whether or not EU imports from the rest of the world also...

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2011

    Acquisitions, Entry And Innovation In Network Industries

    Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? The authors develop a theory of commercialization (entry or sale) in network industries showing that high equilibrium acquisition prices are driven by the incumbents' desire to prevent rivals from acquiring innovative entrepreneurial firms. This preemptive motive...

    Provided By Research Institute of Industrial Economics

  • White Papers // Feb 2011

    Globalization And Absolute Poverty - A Panel Data Study

    Using panel data from more than 100 countries around the world from 1988 through 2007, this paper examines the relationship between economic and social globalization and absolute income poverty ex post. The authors use the globalization index developed by Dreher (2006) and the World Bank poverty estimates. Using a fixed-effect...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2010

    Institutional Entrepreneurship: An Introduction

    In this introductory chapter to a collective volume, the authors build on Baumol's (1990) framework to categorize, catalog, and classify the budding research field that explores the interplay between institutions and entrepreneurship. Institutions channel entrepreneurial supply into productive or unproductive activities, which likely accounts for a great deal of the...

    Provided By Research Institute of Industrial Economics

  • White Papers // Sep 2010

    FDI And Growth In East Asia: Lessons For Indonesia

    Foreign direct investment has been important in the economic growth and global economic integration of developing countries over the last decades. Both Northeast and Southeast Asia, especially the latter, have been part of this development with increasing inflows of FDI and greater foreign participation in their economies. However, Indonesia has...

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2009

    The Interaction Of Entrepreneurship And Institutions

    Previous research, notably Baumol (1990), has highlighted the role of institutions in channeling entrepreneurial supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by institutions - entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and institutions is examined in this paper. Entrepreneurs...

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2010

    Hybrid Entrepreneurship

    In contrast to previous efforts to model the individual's movement from wage work into entrepreneurship, the authors consider that individuals might transition incrementally by retaining their wage job while entering into self-employment. They show that these hybrid entrepreneurs represent a significant share of all entrepreneurial activity. Theoretical arguments are proposed...

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2010

    Gender, Wages, And Social Security In China's Industrial Sector

    This study compares average earnings and productivities for men and women employed in roughly 200,000 Chinese industrial enterprises. Women's average wages lag behind men's wages by 11%, and this result is robust to the inclusion of non-wage income in the form of social insurance payments. The gender-wage gap is wider...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2010

    Buying To Sell: A Theory Of Buyouts

    Private equity firms are an important part of the industrial restructuring process. The authors argue that the key is temporary ownership. Buying to sell induces aggressive restructuring since the equilibrium trade sale price increases both because the profits of the acquiring incumbent increase and the profits of non-acquiring incumbents decrease....

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2009

    Taxation And The Quality And Quantity Of Entrepreneurship

    The author studies the effect of taxation on entrepreneurship, taking into account both the amount of entry and the quality of new ventures. They show that even with risk neutral agents and no tax evasion progressive taxes can increase entrepreneurial entry, while reducing average firm quality. So called "Success Taxes"...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2009

    Entrepreneurial Innovations, Entrepreneurship Policy And Globalization

    What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? The authors study entrepreneurial policy in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more pro-entrepreneurial policies. It becomes more difficult to...

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2009

    Entrepreneurship, Wage Employment And Control In An Occupational Choice Framework

    They authors combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to human capital than employees. They...

    Provided By Research Institute of Industrial Economics

  • White Papers // May 2010

    Entrepreneurship And Public Policy

    Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance of both productive entrepreneurship and so-called high-impact entrepreneurship in turn. Although varying...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2009

    Taxation And Entrepreneurship In A Welfare State

    Does tax policy affect the rate of self-employment in a modern welfare state? This question is analyzed empirically based on Swedish data for the entire post-war period. Available tax data indicate that payroll taxes have had a negative influence on the unincorporated rate of self-employment, though the effect is modest....

    Provided By Research Institute of Industrial Economics

  • White Papers // Mar 2009

    The Labor Market Returns To Cognitive And Noncognitive Ability: Evidence From The Swedish Enlistment

    The authors use data from the military enlistment for a large representative sample of Swedish men to assess the importance of cognitive and non-cognitive ability for labor market out-comes. The measure of non-cognitive ability is based on a personal interview conducted by a psychologist. Unlike survey-based measures of non-cognitive ability,...

    Provided By Research Institute of Industrial Economics

  • White Papers // Feb 2009

    Paying To Remove Advertisements

    Media firms sometimes allow consumers to pay to remove advertisements from an advertisement-based product. The authors formally examine an ad-based monopolist's incentives to introduce this option. When deciding whether to introduce the option to pay, the monopolist compares the potential direct revenues from consumers with lost advertising revenues from not...

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2008

    Venture Capitalists, Asymmetric Information, And Ownership In The Innovation Process

    In this paper the authors construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. They show that as exacerbated development by better-informed venture-backed firms is used as a signal to enhance the sale price...

    Provided By Research Institute of Industrial Economics

  • White Papers // Oct 2008

    The Global Award For Entrepreneurship Research

    The International Award for Entrepreneurship and Small Business Research was instituted in 1996, and it is now firmly established as the leading Prize for outstanding research contributions in the area. Thanks to a generous donation from the Swedish entrepreneur Rune Andersson it has been possible to make a number of...

    Provided By Research Institute of Industrial Economics

  • White Papers // Jun 2009

    Competition, Takeovers And Gender Discrimination

    Theories of taste-based discrimination predict that competitive pressures will drive discriminatory behavior out of the market. Using detailed matched employer-employee data, the author analyze how firm takeovers and product market competition affect firms' gender composition and gender wage gap. Taking into account several endogeneity concerns while using a difference-in-difference framework,...

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2009

    Entrepreneurship And The Theory Of Taxation

    A review of the literature on firm taxation reveals that the economics of entrepreneurship has not sufficiently been taken into consideration. The authors discuss how this affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some defining features of entrepreneurship important for analyzing the effects...

    Provided By Research Institute of Industrial Economics

  • White Papers // Dec 2010

    Globalization And Imperfect Labor Market Sorting

    This paper focuses on the ability of the labor market to correctly match heterogeneous workers to jobs within a given industry and the role that globalization plays in that process. Using matched worker-firm data from Sweden, the authors find strong evidence that openness improves the matching between workers and firms...

    Provided By Research Institute of Industrial Economics

  • White Papers // Nov 2006

    A Survey Of the Literature On The WTO Dispute Settlement System

    A considerable amount of academic interest has been devoted to the Dispute Settlement (DS) mechanisms of the GATT and the WTO, in particularly during the last decade. The purpose of this paper is to present and discuss what the authors see as main themes in this body of research, and...

    Provided By Research Institute of Industrial Economics

  • White Papers // Feb 2011

    Growth Effects Of Fiscal Policies: A Critical Appraisal Of Colombier~s (2009) Study

    In a recent paper, Colombier (2009) uses a robust estimation technique and claims to find empirical evidence that government size has not been detrimental to growth for OECD countries during the 1970 to 2001 period, and that endogenous growth theory is not corroborated. The authors examine the robustness of these...

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2011

    Intangible Investment And The Swedish Manufacturing And Service Sector Paradox

    Since the mid 1990s labor productivity growth in Sweden has been high compared to Japan, the US and the western EU-countries. While productivity growth has been rapid in manufacturing, it has been much slower in the service sector. Paradoxically, all employment growth since the mid 1990s has been created in...

    Provided By Research Institute of Industrial Economics

  • White Papers // May 2011

    Government Size And Growth: A Survey And Interpretation Of The Evidence

    The literature on the relationship between the size of government and economic growth is full of seemingly contradictory findings. This conflict is largely explained by variations in definitions and the countries studied. An alternative approach - of limiting the focus to studies of the relationship in rich countries, measuring government...

    Provided By Research Institute of Industrial Economics

  • White Papers // Apr 2010

    Firm Growth, Institutions And Structural Transformation

    This paper argues that the economic contribution of certain firms - be they small, young or rapidly growing - has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated...

    Provided By Research Institute of Industrial Economics

  • White Papers // May 2010

    Fiscal Illusion And Fiscal Obfuscation: An Empirical Study Of Tax Perception In Sweden

    In this paper, the authors present survey evidence suggesting that there exists a sizeable fiscal illusion amongst the general public in Sweden. Respondents in a nation-wide and representative survey systematically underestimate the share of an ordinary worker's income that is transferred to the public sector. Furthermore, they make a theoretical...

    Provided By Research Institute of Industrial Economics

  • White Papers // Aug 2009

    Can Investment In Intangibles Explain The Swedish Productivity Boom In The 1990s?

    After a severe crisis in the early 1990s, the Swedish economy experienced a boom in productivity growth. Economists have presented three explanations for the fast productivity growth in 1995-2004: market reforms, crisis recovery and the impact of Information and Communication Technology (ICT). This paper offers an alternative view, emphasizing instead...

    Provided By Research Institute of Industrial Economics

  • White Papers // Sep 2008

    Is Financial Risk-Taking Behavior Genetically Transmitted?

    In this paper, the authors use a sample of almost 30,000 Swedish mono- and dizygotic twins to study the heritability of financial risk-taking. Following a major pension reform in the year 2000, virtually all Swedish adults had to simultaneously make a financial decision affecting post-retirement wealth. They take this event...

    Provided By Research Institute of Industrial Economics