Book Chapters 2020–

The EU and many countries have committed to be climate-neutral by 2050. Combined with the Paris Agreement, this means there is strong presure to transition to climate-neutral technoligies. This pressu…

In the first chapter, the authors review the evolution of borders throughout European history. The modern concept of borders as dividing lines is a fairly recent phenomenon and constitutes somewhat of…

As the European Union (EU) grapples with increased external and internal trade barriers, it stands at a crossroads. This paper examines the EU's changing perspective on globalization, reflecting a shi…

In the last chapter, the authors take stock of the challenges which are besetting the European Union’s (EU) internal and external borders from the perspective of contemporary events and crises, and ev…

This chapter is the introduction to the Handbook of Research on Economic Freedom, an overview of research on the causes and consequences of the market economy. The chapter places current research in a…

The increase in support for populist politicians has led to an intensive search for explanations. A free market economy that creates winners and losers due to rapid economic transformation has been su…

This chapter surveys the literature on the association between economic freedom and de facto respect of human rights. Noting that a plethora of theoretical channels might connect the two, empirical ev…

The notion that society should be organized around large so-called missions has gained momentum in public debate, and the reemergence of active industrial policy across the world has been inspired by…

This chapter integrates findings from several different case studies on mission-oriented innovation policies (MOIPs) and makes use of the existing literature to briefly describe three other missions:…

Governments can provide targeted R&D subsidies and/or tax incentives to spur innovation and growth in the business sector. This chapter analyzes the theoretical pros and cons of these policy instr…

Mission-oriented innovation policies are becoming increasingly popular among policymakers and scholars. We maintain that these policies are based on an overly mechanistic view of innovation and econom…

No matter whether one belives climate change is a major threat to humanity or a minor bump on the road to global prosperity, most Western governments have set clear goals for how much they aim to redu…

We review the most common methods that have been used to detect discrimination, and their pros and cons. One approach is to compare outcomes of workers from different groups using observational data.…

Field experiments has been conducted in several countries and the results points in the same direction: Ethnic and racial minorities are discriminated against in the hiring decision. We review results…

The sixth volume in the Interdisciplinary European Studies assesses the changes that are taking place in the EU’s policies, institutions, and political structures. On the eve of a new chapter of Europ…

In the concluding chapter, the editors take stock of the state of integration seventy years after the EU’s inception. In the early 2020s, the EU faces once again the fateful question of whether integr…

This book is the third volume in the research project coordinated by Sveriges Riksbank, Historical Monetary and Financial Statistics for Sweden. The first volume, published in 2010, dealt with exchang…

Bonds play a major role in government and corporate finance and have done so for several centuries. The bond market consists of two parts. In the primary bond market, states, local governments and pri…

This chapter presents the evolution of national wealth in Sweden from 1810 to 2020. The historical period spans agricultural and industrial eras as well as the postwar emergence of a globalized servic…

Previous research suggests that high-trust societies tend to write short constitutions. We document that this pattern is not specific to the entire constitution, but is equally reflected in the emerge…

William J. Baumol was one of the most prolific economists of his generation, analyzing a broad range of central economic issues addressing real problems of the world. In this essay, we present and cri…

This chapter introduces the theme of the book—resilience in the EU. It presents definitions for these concepts and explores what the challenges of societal resilience entail for the EU. It is argued t…

In the wake of the Covid-19 crisis, the European Union must regain lost ground and create more favorable conditions for inclusive and sustainable economic growth. The best way to achieve this goal is…

The concluding chapter reviews the EU’s handling of current crises and its search for sustainability and resilience. Beginning with its response to the COVID-19 pandemic and the ensuing public health…

Among contemporary economists, Mariana Mazzucato stands out for her emphasis on the importance of innovation to solving pressing challenges and achieve a greater quality of life. However, the type of…

This chapter comprises three main parts. The first part is about data sources, the definitions of income, and the methodologies used to estimate top income shares. Both the standard sources and method…

Based on historical analogies, we emphasize a connection between financial crises and technological shifts that calls for a structural economic transformation. Political pressures related to this stru…

This chapter reflects on the role of wage policies in facilitating the labour market integration of immigrants. The overall analysis in this chapter suggests that minimum wage cuts, combined with othe…

A common coinage policy in the Middle Ages was ‘periodic recoinage’. Old coins were declared invalid and had to be exchanged for new ones at specified exchange rates and dates. This convention was a t…

In this essay, we discuss the requirements of a successful management of a company's exposure to foreign exchange risks. We argue that the company's performance is affected by foreign exchange risks a…

This chapter describes economic insights from research having studied the ongoing information and communications technology (ICT)-based structural transformation of the business sector. It also descri…

This chapter analyses in what way digitalisation changes the conditions for taxation. In the 2020s, firms create value less using machines and more using intangibles, such as copyrights, R&D and s…

This introductory chapter sheds light on the opportunities and challenges that the digital era has in store for the European Union (EU) at a time when its fundamental values are being called into ques…

In this chapter, we offer an exploatory empirical analysis that captures the general location and colocation patterns for restaurants using Swedish geo-coded data for the year 2015, which allows us to…

With this book, we aim at contributing to the existing efforts to bridge these two extensively realated strands of literature where we compiled several individual contributions that present how touris…

Economic growth in Timor-Leste (formerly East Timor) has displayed dramatic volatility since the country´s independence in 2002. The first few years were characterized by negative or extremely low gro…

The financial system channels resources from savers to investors. It helps firms to fund new investments and households to smooth consumption over time. It allows entrepreneurs to offload risk on outs…

This chapter discusses the European Union’s refugee policy. It shows that the common treaties leave considerable discretion to the individual member countries, which allows them to regulate refugee mi…

Since Paul Samuelson introduced the theory of revealed preference, it has become one of the most important concepts in economics. This chapter surveys some recent contributions in the revealed prefere…

In this chapter, the editors introduce and motivate the approach in this volume. Although this volume brings together contributions from different authors, the chapters all flow directly from the work…

In this chapter, we outline a reform strategy to promote an entrepreneurial society in Italy. From a Varieties-of-Capitalism perspective, Italy has been classified as a Mixed or Mediterranean Market E…

In this chapter, we outline a reform strategy to promote a more entrepreneurial society in Germany. Germany has developed a successful model of capitalism in which high productivity growth is driven b…

In this chapter we outline a reform strategy to promote an entrepreneurial society in the UK. To put it in the words of the Varieties of Capitalism framework, the UK today represents a distinct libera…

In this chapter, the editors conclude this volume and draw the most important lessons that can be drawn from the FIRES project. The editors highlight theoretical lessons, methodological innovations, a…

The degree to which people are satisfied with their lives is affected by many factors. This chapter surveys studies that document the influence of one such factor – formal institutions (i.e., written…

This Chapter examines how the market economy affects cultural traits, in particular trust, tolerance, and antisemitism. The results indicate economic freedom generates social trust and tolerance. The…

This introductory chapter sheds new light on the increasingly complex relationship between the European Union and the nation-state—in its capacity as EU member state—at a time when its fundamental val…

The world’s first multinational electricity market was formed with the creation of the Nordic power exchange, Nord Pool. We analyze the incentives to undertake transmission network investment in the c…