Research fellows

Mikael Stenkula


Research interests: Entrepreneurship, taxation, and monetary economics.


Among the questions that Mikael Stenkule tries to answer with his research:

  • How do tax systems evolve over time?
  • What might explain the development of a tax system?
  • How do tax systems affect business and entrepreneurship?

New research

Marginal Taxation on Labour Income in Sweden from 1862 to 2010 Mikael Stenkula, Dan Johansson and Gunnar Du Rietz


Mikael Stenkula's present work at the Research Institute of Industrial Economics is focused on research concerning entrepreneurship and business structures.


Books, Book Chapters and Published Articles:

Stenkula, M. (2003). “Carl Menger and the Network Theory of Money.” European Journal of the History of Economic Thought, vol 10:4, pp 587–606.

Stenkula, M. (2004). “The Euro Cash Changeover Process.” Kyklos, vol 57:2, pp 265–286.

Henrekson, M. and Stenkula, M. (2007). Entreprenörskap. SNS Förlag, Stockholm.

Stenkula, M. (2007). ”The European Size Distribution of Firms and Employment.” ICFAI Journal of Industrial Economics, vol. IV:2, pp 46–63.

Stenkula, M. (2008), Network Effects and Money. VDM Verlag Dr. Müller Aktiengesellschaft & Co., Saarbrücken, Germany.
(order book here

Henrekson, M. and Stenkula, M. (2009). “Why Are There So Few Female Top Executives in Egalitarian Welfare States?” The Independent Review, vol 14:2, pp 239–270.

Henrekson, M., Johansson, D. and Stenkula, M. (2010). “Taxation, Labor Market Policy and High-Impact Entrepreneurship.” Journal of Industry, Competition and Trade, vol 10:3–4, pp 175–296.

Henrekson, M. och Stenkula, M. (2010). ”Entrepreneurship and Public Policy.” In Zoltan J. Acs och David B. Audretsch, eds., Handbook of Entrepreneurship Research. New York: Springer.

Stenkula, M. (2012). “Taxation and Entrepreneurship in a Welfare State.” Small Business Economics, vol 39:1, pp 77–97.

Stenkula, M. and Zenou, Y. (2012). “Städer, tjänster och tillväxt.” In Henrik Jordahl, ed., Den svenska tjänstesektorn. Studentlitteratur, Stockholm.

Bjuggren, C. M., Johansson, D. and Stenkula, M. (2012). “Using Self-employment as Proxy for Entrepreneurship: Some Empirical Caveats.” International Journal of Entrepreneurship and Small Business, vol. 17:3, pp 290–303.

Stenkula, M.l, Johansson, D. and Du Rietz, G. (2013). "Marginal Taxation on Labor Income in Sweden from 1862 to 2010." Scandinavian Economic History Review, forthcoming.

Mikael Stenkula


Ph: +46 8 665 4530
Mob: +46 73 844 18 78


Mikael Stenkula has a B.Sc. in Business and an M.Sc. in Economics from Lund University. He studied for a Ph.D. in Economics with an interest mainly in monetary issues but also with a focus on the Austrian tradition of economics. After a year as a lecturer at Lund University School of Economics, he moved to Stockholm and started to work at the IFN.




Leading Research Environment

IFN at the top


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The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programmes are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Global Award

Research on entrepreneurship




The Global Award for Entrepreneurship Research has become firmly established as the foremost global award for research on entrepreneurship.This Prize is awarded annually with a prize sum of EUR 100,000.

IFN in cooperation with Entreprenörskapsforum and VINNOVA are the principals of the award.

Shaker Zahra, Professor at the Carlson School of Management at the University of Minnesota, is the winner of the Global Award for Entrepreneurship Research 2014.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 |