We show that instantaneous increases in real NNP over time are an accurate indicator of true dynamic welfare improvements. The framework of the paper is the standard multisector optimal growth model. The result highlights ...

The labor market behavior of immigrants is studied in relation to the propensity to outmigrate. Utilizing a large micro dataset for individuals in Norway, which enables identification of out-migrants, I find in line with ...

Ground-level ozone concentrations have adverse effects e.g. on human health and crops. Ozone is not emitted, but atmospheric reactions involving nitrogen oxides (NOx) and volatile organic compounds (VOCs) cause its formation. ...

Empirical and theoretical studies suggest that employment behaviour varies with the state of the labour market since hiring and Þrings costs depend on the availability of labour. Extending earlier empirical work on this ...

Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for these diverging experiences is differences in the quality of institutions. More natural resources push ...

Using a computable equilibrium model, we examine the short-run effects of a radical liberalisation of the West European natural gas and electricity markets. In each model country, oil, gas, coal and electricity are produced, ...

Drug abuse inflicts considerable harm on users, non-using persons and on society, and a variety of means to curtail consumption of illegal drugs have been adopted. The consumption of drugs differ from consumption of most ...

Discrete-time hazard models for first- and higher-order births are estimated from DHS data for 22 countries in Sub-Saharan Africa for the 1990s. It is found that, among women with the same number of completed years of ...

From a detailed study of the yearly wage bargaining rounds in Norway and Sweden, we construct time series of five complemetary coordination indices. Econometrics is used to evaluate the importance of the coordination ...

In an important paper, Fuhrer and Moore (1995) showed that Taylor (1980)’s staggered wage setting model does not exhibit persistence in inflation; they proposed a simple modification, in which workers cared about the real ...