Journal Articles 2020–

Can competition and the existence of profit-seeking actors in the school market improve educational quality? To see cost-efficient, long-term improvements, we identify the school system’s capacity for…

Local resistance towards wind power is a central challenge for the energy transition, implying that legally imposed compensation schemes for nearby residents may become more prevalent in the near futu…

Developing countries have 1300+ investment treaties with developed countries. Investment treaties are often alleged to constrain developing country climate policies. This paper examines four treaty re…

Academic freedom is a cornerstone of modern academic life. It is not only implied by basic liberal principles but also contributes to scientific progress and economic growth. It is therefore important…

Terrorism causes anger and fear among citizens, but also often leads to counterterrorist legislation (CTL). We explore determinants of CTL and whether it affects the likelihood of terrorism and limits…

This study outlines how the corporate governance of emerging market firms is influenced by corporate affiliation and institutional embeddedness. We argue that the stronger the business group affiliati…

We study the causal effects of previous experience and language skills when newly arrived refugees in Sweden apply for job openings by means of a field experiment. Applications were sent from randomly…

Politicians and international organisations advocate for increased regulation and government control of industry in order to handle climate change and reduce overall greenhouse gas emissions. However,…

There is widespread concern, especially in certain feminist circles, that a market-oriented economic system, or capitalism, disfavors women. This could take many forms, such as lower wages for the sam…

Not only do corporations discriminate, but states do as well. We relate measures of government discrimination against various groups to measures of institutions and culture. We find that states behave…

Using the random assignment of university engineering students to peer groups during introductory freshmen weeks, this paper studies how a student's parental income and facial attractiveness affect th…

The European Union (EU) is becoming more inward looking and more hesitant towards globalization. This paper examines recent transformations in EU's economic policies, with a focus on international tra…

This paper investigates the association between relative mobile broadband penetration (i.e. mobile broadband connections in total mobile connections) and carbon dioxide (CO2) emissions globally. The s…

Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the e…

Why has collaboration become increasingly central to technological progress? We document the role of lowered travel costs by combining patent data with the rollout of the Swedish railroad network in t…

This paper examines the identity and origins of Swedish inventors prior to World War I drawing on the universe of patent records linked to census data. We document that the rise of innovation during S…

We highlight a new factor behind integration: tolerance in the immigrants’ background culture. We hypothesize that it is easier to partake of economic, civic-political, and social life in a new countr…

We identify dementia risk factors using demographic data for Swedish cohorts 1932–1950. Factors are advanced maternal age, sibling spacing, and twin births. These factors increase dementia risk, espec…

We use population-wide tax register data to document the impact of the COVID-19 pandemic on firm sales, tax revenues, and sick pay in Sweden. The pandemic impact is identified using within-year, betwe…

Many electricity markets use capacity mechanisms to support generation owners. Capacity payments can mitigate imperfections associated with “missing money” in the spot market and solve transitory capa…

Beliefs about whether luck or effort determines individuals’ economic outcomes in life (luck vs effort beliefs) are central for individuals’ opinions on inequality and political preferences. Those who…

Over the past 30 years, the use of municipally owned corporations (MOCs) has increased rapidly in Sweden. Proponents of MOCs claim that they promote efficiency. However, at the same time, critics stre…

We study competition between political parties in repeated elections with probabilistic voting, allowing a multidimensional policy space and multiple political parties. This model entails multiple equ…

In a representative democracy politicians should either implement policies that voters want or policies that politicians believe are in voters long-term interest, even if voters currently oppose them.…

The application of machine learning (ML) to big data has become increasingly important. We propose a model where firms have access to the same ML, but incumbents have access to historical data. We sho…

Consider a quasiconcave, upper semicontinuous and homogeneous of degree $\gamma$ function $f$. This paper shows that the reciprocal of the degree of homogeneity, $1/\gamma$, can be interpreted as a me…

This paper examines the relationship between environmental accidents and voting. Following the 1986 Chernobyl disaster, environmentalist parties entered parliaments in several nations. This paper u…

Motivated by agency theory and arguments from linguistic studies, we argue in this paper the internationalization of a firm’s audit committee to be associated with weaker firm-level corporate governan…

This paper analyses the relative merits of wealth and capital income taxes as instruments for taxing the rich. The main rationale for a wealth tax is to address the incompleteness of the tax code in t…

We document the time it took for ridesharing to become legalized at the state level across the United States following its local (and often illegal) rollout. States with greater regulatory freedom pas…

Within the field of innovation studies, researchers have identified systematic failures that hamper investment in R&D, innovation, and growth. Accordingly, researchers in this field often seek to…

Some worry that openness undermines important cultural values. We study whether globalization has reduced social trust in Europe and find, using a sample of immigrants to rule out reverse causality, t…

Despite the comprehensive previous research on different aspects of inventions and externalities spanning both the micro and macro levels, no prior studies have, to our knowledge, examined the relatio…

We study the joint design of nonlinear income and education taxes when the government pursues redistributive objectives. A key feature of our setup is that the ability type of an agent can affect both…

Many governments introduced temporary adjustments to counter the economic and health consequences of the COVID-19 pandemic. We study the importance of already existing government transfers and pandemi…

This article estimates a dynamic structural model of firm R&D investment in twelve Swedish manufacturing industries and uses it to measure rates of return to R&D and to simulate the impact of…

Motivated by the lack of sub-national empirical evidence on the relationship between aid and institutional development, this study explores the local effects of World Bank aid on perceived institution…

We develop models for weakly separable utility maximization with incomplete adjustment. By allowing for incomplete adjustment, these models account for the decision maker's inability to instantaneousl…

We measure the distributional impact of the COVID-19 pandemic using newly released population register data in Sweden. Monthly earnings inequality increased during the pandemic, and the key driver is…

The institutional literature suggests that long-term tax incentives are crucial for entrepreneurs, but studies on this topic are hampered by theoretical and empirical problems related to how to define…

The Houtman-Maks index is a measure of the size of a violation of utility maximizing (i.e., rational) behavior. This note introduces the Stata command hmindex, which calculates the Houtman-Maks index…

We study the impact of refugee inflows on voter turnout in Sweden in a period when shifting immigration patterns made the previously homogeneous country increasingly heterogeneous. Analyzing individua…

Professor Saras Sarasvathy is the recipient of the 2022 Global Award for Entrepreneurship Research. Her research contributions have fundamentally changed and invigorated the conversation in the domain…

All organizations need to allocate labor to production and administration. In many cases – particularly within the public sector – the optimal allocation is far from obvious. Indeed, vocal concerns ha…

This essay argues that the most crucial institution of any school system is its view of knowledge—from which virtually all other aspects of a school are derived: the content of its curricula, its peda…

We present estimates of the number of refugees expected to flee Ukraine and to which countries they are expected to migrate based on migration preferences data from the Gallup World Poll (GWP). This i…

Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants and outcomes. We find CEOs are in much better health than the population and on par with other high-skill p…

Previous research indicates that firms pay a premium to poach workers from exporting firms if experience working for an internationally engaged firm reduces trade costs. Since international experience…

We study how sourcing of applied and basic knowledge is related to the likelihood and speed at which inventions become innovations as well as their profitability. By using a patent database with uniqu…

Chinese investment abroad has grown significantly in connection with the Belt and Road Initiative. This article tries to answer two questions: first, what considerations gave birth to the BRI? And sec…

We study the relationship between adult education and training (AET) and employment in Sweden. Exploiting rich data from the Programme for the International Assessment of Adult Competencies, and using…

Based on resource dependence theory we argue for an influence of business groups (BGs) on the board composition of constituent offshore financial multinational enterprises (FMNEs).  Using a unique sam…

Ideological spillovers refer to the modification of an individual’s core beliefs after learning about other people's beliefs.  We study one specific international ideological spillover, namely, the ef…

Does quality information affect international trade? We show theoretically how firms, in the absence of trustworthy information, may restrict their export activity. Exploring bilateral export flows ac…

We exploit exogenous variation arising from the historical rollout of the Swedish railroad network across municipalities to identify the impacts of improved transport infrastructure on innovative acti…

Populists argue for redistribution from an elite to "ordinary people". The present paper asks if populist administrations actually achieve redistribution. Combining new data on populism in Latin Ameri…

Software is at the core of digitalisation and is often claimed to play a central role in innovation and in shaping competition across industries and firms. There are yet few studies of the extent and…

Despite the relatively uncontested importance of promoting school attendance in the policy arena, little evidence exists on the causal effect of school absence on long-run outcomes. We address this qu…

Research indicates that education quality – measured by test scores in international student surveys – predicts economic growth. In this paper, we extend previous findings up to 2016 and analyse test…

A set of legal rules in liberal democracies guarantee freedom for individuals to shape their own lives. This study investigates whether such rules suffice to make people satisfied with the freedom the…

Nine out of ten modern constitutions contain explicit emergency provisions, describing who can call a state of emergency (and under which conditions) and the additional powers government enjoys under…

This paper aims to find country-level factors that explain the rise of populist parties in European democracies. While populism is often connected to inequality, we note that right-wing populist parti…

Complete financial markets allow countries to share their consumption risks internationally, thereby creating welfare gains through lower volatility of aggregate consumption. Using a panel of 116 coun…

We use population administrative data from Sweden to study adherence to 63 medication-related guidelines. We compare the adherence of patients without personal access to medical expertise to the adher…

This paper uses Labor Force Survey data for European countries to estimate national investment in data assets, where the asset boundary is extended beyond that for software and databases as currently…

The war in the breadbasket of Europe, which spawned at the heels of the once-in-a-lifetime pandemic, sent major cereal prices spiralling upward. The unprecedented sequence of events leading to and inc…

Spatial variations in rates of new firm formation are large and spatially persistent over long periods of time. A common explanation of this empirical regularity is so-called local entrepreneurship cu…

We estimate impacts of exposure to an infant health intervention trialled in Sweden in the early 1930s using purposively digitised birth registers linked to school catalogues, census files and tax rec…

It is unclear whether democracies or autocracies are more likely to silence or control the media when facing attempt at overthrowing the government. Our estimate of the dynamics of press freedom sugge…

We investigate whether bank loans specifically designed to reduce credit constraints for small and medium-sized enterprises (SMEs) have different impacts depending on where the firm is located. Using…

This study aims to explore how to deanonymize cryptocurrency money launderers with the help of machine learning (ML). Money is laundered through cryptocurrencies by distributing funds to multiple acco…

Although there is abundant evidence on individual preferences for policies that reduce national inequality, there is very little evidence on preferences for policies addressing global inequality. To i…

The editors-in-chief of the Annals of Regional Science offer an overview and analysis of recent developments at the journal from January 2020 through December 2021, a time period hampered by the COVID…

The mobility of workers from multinational enterprises (MNEs) to other local firms is increasingly recognized as an important externality mechanism. However, MNEs have strong incentives to curb this m…

A vast economic literature examines the welfare gains and distributional consequences of economic reforms, while much less is generally known on the relationship of inequality and forced regime change…

Using longitudinal Swedish data, we document robust evidence of highly local spillovers between individuals in similar occupations. The results are consistent with the existence of knowledge spillover…

This paper addresses the competing views by studying Sweden, a country with a dramatic growth in the number of MOCs since the 1970s. We examine the association between the number of MOCs, citizen sati…

We show how symmetric equilibria emerge in general two-player contests in which skill and effort are combined to produce output according to a general production technology and players have skills dra…

We provide plausibly identified evidence for the role of investor disagreement in asset pricing. Our natural experiment exploits the staggered implementation of the Electronic Data Gathering, Analysis…

Wage employment is the most commonly observed type of employment after a spell of entrepreneurship. The purpose of this paper is to investigate the effects of having been an entrepreneur on earnings a…

We study the effects of patent scope and review times on startups and externalities on their rivals. We leverage the quasi-random assignment of U.S. patent applications to examiners and find that gran…

This paper studies the effect of emigration on technological change in sending lo- cations after one of the largest migration events in human history, the mass migration from Europe to the United Stat…

An increasing number of researchers, whether in Sweden, Slovakia, Italy, Japan, Brazil, or many other places, are using English in their discourse, written or oral, despite working in a place where th…

Amidst considerable debate on the relationship between entrepreneurship and economic inequality, scholarship only indirectly addresses how entrepreneurship informs individuals’ relative well-being. We…

Economic theory predicts that outsourcing public services to private firms reduces costs, but the effect on quality is ambiguous. We explore quality differences between publicly and privately owned am…

Researchers increasingly recognize that entrepreneurial employees, intrapreneurs, play a critical role in innovation. As with regular entrepreneurship, however, the value of intrapreneurial activity d…

We use rich data on all business, economics, and engineering graduates in Sweden to study the lack of women among CEOs. A comprehensive battery of graduates’ characteristics explains 40% of the gender…

We provide empirical evidence that uncertainty (rather than risk) and optimism are distinctive characteristics of high-impact entrepreneurial firms (recently listed firms) relative to old, incumbent f…

Agroecology has been proposed as a strategy to improve food system sustainability, but has also been criticised for using land inefficiently. We compared five explorative storylines, developed in a st…

We estimate a substantial female grade gain when being graded anonymously compared to male students in 101-macroeconomics courses. Females graded anonymously are more likely to continue with economics…

Leaf-thin bracteate coins were minted for several hundred years during the Mid[1]dle Ages. The existence of hundreds of small independent currency areas with their own mints in central, eastern and no…

Differentiating various types of entrepreneurs provides clues to the puzzle of why top-down policies often fail to create Schumpeterian entrepreneurship and the ecosystems where it thrives. Schumpeter…

The revealed preference approach in economics is central to the empirical analysis of consumer behavior. This paper introduces the Stata commands checkax, aei, and powerps as a bundle within the packa…

Certain markets are illicit because part of the supply is coerced, but little is known about the optimal regulation of such markets. We model a prostitution market with voluntary and coerced prostitut…

Entrepreneurship research has documented the importance of institutions but has not considered it as a multi-stage process. We therefore consider both nascent and realized entrepreneurship, finding th…

The meritocratic fairness ideal implies that inequalities in earnings are regarded as fair only when they reflect differences in performance. Consequently, implementation of the meritocratic fairness…

I evaluate the effect of the 2011 Swedish electricity market splitting reform on the allocation of wind power, exploiting a unique data set of all Swedish applications for wind power since 2003. By co…

The COVID-19 pandemic has not only caused millions to die and even more to lose their jobs, it has also prompted more governments to simultaneously declare a state of emergency than ever before enabli…

The association between social trust and economic growth is well-documented but how it works remains an open theoretical and empirical question. The paper uses growth accounting to break down sources…

Some of the most contested questions in political science and political economy revolve around the conditions under which democratization is likely to happen and when democracy becomes a stable instit…