Publications

This paper shows how changing patterns of change and irregular or chaotic fluctuations arise in deterministic, competitive markets with production lags using (1) the standard cobweb model with a backw…

An adaptive economizing framework is proposed for analyzing labor market aspects of long-term industrial development using a dynamic, disaggregate economic model based upon principles of bounded ratio…

Our concern is with economizing behavior when preferences depend on experience. It is shown that such dependence, reflecting 'deep psychological structure', even when it is stable or habit forming in…

This paper discusses the nature of macro productivity change from the perspective of a Schumpeterian micro-to-macro (M-M) model. It emphasizes the dynamics of resource allocation through markets (firm…

This paper presents statistical evidence on (1) the importance of "soft" capital spending items like marketing and R&D investments, and (2) the dominant service content of production in the modern…

It is noted that modern economics cannot decide which economic system is the best way of organizing production. In particular, support is given to Nelson (1981) who claims that modern economics does n…

Microdata are used in this paper to analyze the effects of unemployment on mental health. The analysis is done in two steps. First, cross-section data of labor force participants are analyzed. It appe…

In recent years IUI has devoted considerable resources to research within the area of public finance - dealing in particular with taxes, public budgeting and local government behavior. In the summer o…

In a clear and coherent way this book presents a new perspective on the extent and effects of international financial market fluctuations. It looks at, summarizes and analyses the information problems…

The paper analyzes the effects on the demand for owner-occupied housing that are likely to result from the Swedish 1983-85 tax reform. This is done by means of a micro-simulation model which takes int…

The machine tool industry, even though it is tiny, is often considered strategic because of its role as supplier of technology to all metalworking industry. In recent years, the machine tool industry…

Most econometric multi-equation models estimated are assumed to be linear in both the variables and the parameters. One reason is that, in general, methods of linear algebra cannot be applied to nonli…

This paper investigates misspecified estimation and model selection criteria derived from the "Information Criterion (see Akaike (1973))" for qualitative choice models. Four estimators for the "Inform…

Considerable empirical work on investment behavior makes use of a capital cost variable to capture the effects of various corporate tax allowances. The assumption behind most of this work is that all…

A dynamic model of industry equilibrium is presented which shows how growth, entry and exit of firms are interrelated. By taking into account the fact that a firm's profitability is to some degree sub…

In this paper the effects of unemployment on mental health are analysed. A simple model where both the occurrence of and duration of unemployment are allowed to affect mental health is specified. Pa…

This report was prepared for presentation at the International Business Academy, International Meeting in Singapore in June 1984. What is reported are findings from a research project that investigate…

In early 1979 Martin Feldstein suggested that the general approach of Mervyn King's Public Policy and the Corporation (1977) could be used to compare effective marginal tax rates for several different…

The 60s and the 70s showed a decline in various indicators of labor mobility in Sweden. Concerns were about the adverse allocation effects that a less mobile force might imply. This book brings toget…

This medium-term survey of the Nordic economies meets a long felt demand. It is a result of a joint effort by five Nordic research institutions; ETLA in Helsinki, IFF and the Secretariat of the Econom…

Paper presented at the annual meeting with the American Statistical Association in Philadelphia 1984

The main purpose of this paper is to define "Schumpeterian dynamics" and to indicate how it can serve as a basis and starting point for studies in development economics irrespective of how Schumpeter…

Existing uncertainties about the correct explanations for economic growth and business cycles cannot be settled by aggregative analysis within the neoclassical framework. Current disputes in theory re…

Adaptive economizing in a decentralized economy with alternative technologies and scarce resources leads to various kinds of locally unstable behavior. Economic disequilibrium is the rule in such a wo…

Entry is widely discussed, but rarely subjected to empirical study. This study develops a competitive theory of entry, with primary focus on the relationship between entry and industry growth. The mai…

In this paper we consider the basic self-selection model for the effects of education, training, unions, and other activities on wages. We show that past models have ignored "heterogeneity of rewards"…

The machine tool industry is tiny but crucial: it supplies the machines to cut, form, and shape metals upon which about half of the manufacturing industries are dependent. The state of the art of the…

In order to construct a theory of general equilibrium without an auctioneer we extend models of "search market equilibrium" to incorporate general equilibrium considerations. The model we treat is one…

This paper develops a simple general equilibrium model with sequential search in which a non-degenerate wage offer distribution is endogenously determined. We use this model to analyze the comparative…

The purpose of this article is to provide a deeper empirical insight into the structural change of an industry which is more relevant than that obtained by an analysis based on the traditionally estim…

Recent research on the unobserved economy suggests that the phenomenon has important implications for both macroeconomic policy and public finance. This paper focuses attention on the public finance i…

In simulation experiments for the Swedish economy, the impact of a future oil-price shock was measured in terms of the required stabilization policies, and the possibility of insuring against such pri…