Browsing Handelshøyskolen BI by Subject "samfunnsøkonomi"
Now showing items 1-20 of 49
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An empirical study on the macroeconomic effects of immigration
(Master thesis, 2019)In this paper, we study the macroeconomic effects of an immigration shock in Sweden, using a Structural Autoregressive (SVAR) model with sign restrictions. We find that labor immigration increases output, participation ... -
Asset allocation of the Norwegian Government Pension Fund Global with programming in Python
(Master thesis, 2018)This thesis aims to assess if the optimal asset allocation for the Norwegian Government Pension Fund – Global could be improved. We were curious to see if we were able to optimize the portfolio by only looking at the ... -
Buyer Power and Price Formation in Intermediate Goods Markets: a Dynamic Perspective
(Master thesis, 2021)This thesis studies how buyer power affects input prices in intermediate goods markets. The aim is to investigate how a buyer can invest to increase buyer power, and we use Inderst and Wey (2007) as a baseline for our ... -
Can Asset Pricing Theory Explain the U.S. Stock Market Returns During the COVID-19 Pandemic?
(Master thesis, 2021)The COVID-19 pandemic imposed high uncertainty to stock markets and prompted an unprecedented market reaction. This thesis investigates the suitability of asset pricing theory for explaining asset prices on U.S. stock ... -
Can Taylor rule fundamentals predict the usd/nok exchange rate?
(Master thesis, 2017)The objective of this paper is to offer new insight to the exchange rate literature by examining the predictability of the USD/NOK exchange rate. Using Taylor rule fundamentals as a predictor, we examine exchange ... -
Copper Price Fluctuations and the Stock Market
(Master thesis, 2021)The aim of this study is to investigate whether the fluctuations in the copper price can add predictive power to a model forecasting stock market returns. Our findings from the in-sample test are that past fluctuations ... -
Credit Spreads Predictability on Norwegian business cycles
(Master thesis, 2019)This thesis examines the predictability of corporate bond credit spreads on Norwegian business cycles. We provide evidence that credit spreads between investment-grade corporate bonds contain significant predictive ... -
Does internet usage impact voter turnout?
(Master thesis, 2017)This master thesis explores the effect of internet usage on political participation and voters’ political preferences, as measured by voter turnout and party vote shares. We conduct a two-stage least squares analysis ... -
Does residential property taxation affect the quality of municipal welfare services? Evidence from the Norwegian school system
(Master thesis, 2018)This master thesis explores the incentive effect of residential property taxation on the quality of welfare services provided by the Norwegian municipalities, where the quality of welfare services are measured by school ... -
Dynamics of Firm Profits and Market Power since 1955: A Divergent Relationship
(Master thesis, 2021)The central purpose of this paper is to take a step towards uncovering the determinants and persistence of profitability. To this end, the paper will employ various measures of profitability, derived from De Loecker, ... -
Effects of Insulting a Nation: An Empirical Study on the Impact of the 2010 Nobel Peace Prize on Norwegian Exports
(Master thesis, 2020)This master thesis revisits the question of the e ects of Chinese trade restriction on Norwegian exports following the awarding of the 2010 Nobel Peace Prize to Chinese dissident Liu Xiaobo. Our study contributes to ... -
Electoral Cycles and Environmental Cooperation, An event study on elections and environmental agreements
(Master thesis, 2020)How does political competition impact the ability of countries to successfully coordinate their trans-national efforts to fight environmental externalities? As the international community increasingly relies on environmental ... -
Electricity Certificate Scheme as an Incentive for Renewable Energy Development in Norway
(Master thesis, 2020)This study empirically examines the efficacy of the Electricity Certificate Scheme to renewables energy development in Norway. We construct monthly electricity production panel data from various renewable-based sources ... -
Estimating taxable income responses using the Norwegian tax reform in 2006
(Master thesis, 2019)In this paper, we will examine the Norwegian tax reform from 2006, which included a decrease in overall marginal taxes. By using the approach of Gruber & Saez (2002), we will provide new estimates of the elasticity of ... -
Evaluating Social Programs: The Process of Impact Evaluations Described and Applied
(Master thesis, 2019)There is an increasing demand for quality evaluations of aid projects to find out what works for development and what does not. The effect of specific aid projects should be measured through impact evaluations using ... -
Evaluating the Forecast Accuracy of Policymakers, Private Banks and Exchange Rate Forecasting Models
(Master thesis, 2016)This paper compares the out-of-sample forecast accuracy of policymakers, private banks and three classes of exchange rate models in predicting the yearly Norwegian kroner/Euro, I-44 and KKI exchange rate. The three classes ... -
Excise Duties and Cross-border Trade
(Master thesis, 2021)In this thesis I study the influence Norwegian excise have on the Norwegian/Swedish cross-border trade. I highlight relevant literatue and construct models to explain the consumer behavior mechanisms. I then run an OLS ... -
Expected Longevity - A Study of the Norwegian Pension System
(Master thesis, 2019)The growing concern about the increasing age wave caused the Norwegian government to change their pension system in 2011, into a more flexible pension system. One of the reasons for this is the increase in expected ... -
Fiscal spending in an oil rich economy
(Master thesis, 2018)In this thesis we investigate two matters concerning Norwegian scal policy. We rst assess the e ects of an oil revenue shock on mainland GDP and scal spending. Then we examine how discretionary scal spending a ects ... -
From Challenge to Balance: The Transition from Traditional to Sustainable Economics
(Master thesis, 2021)The subject of this master thesis is the concept of a circular economy as a sustainable economic model, and how it fits traditional economics developed in the 19th century. The subject is discussed with a nuanced and ...