Erik Mellander and Bengt-Christer Ysander
Michael Lundholm
Stefan Fölster
Government subsidized industrial R & D stands for a large and increasing segment of the total R & D conducted. Yet very little is known about the effectiveness of such subsidies. This paper summarizes the empirical literature concerning direct…
Stefan Fölster
An "incentive subsidy" policy for subsidizing private R & D is proposed that can be more efficient, from a social point of view, than subsidy policies in common use such as a "normal" subsidy policy (fixed amount granted at project start), and…
Jan Södersten
Lars Oxelheim and Claes Wihlborg
Kenneth Burdett
Gunnar Eliasson
Bo Carlsson
This paper raises several issues concerning productivity analysis. An attempt is made to demonstrate the usefulness of a micro-based approach to productivity analysis which challenges some basic assumptions of conventional analyses based on aggregate…
Clas Wihlborg
Harald Lang
James W. Albrecht
Lars Oxelheim and Clas G. Wihlborg
Hedging transaction and translation exposures to exchange rate changes may increase the economic exposure of the firm and reduce the information value of firms' quarterly statements. In this paper hedging macroeconomic exposures, of which exchange rate…
Tomas Pousette
Richard Murray