| 21. |
- Caldara, Dario, 1982-
(författare)
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Essays on Empirical Macroeconomics
- 2011
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- This thesis consists of four essays in empirical macroeconomics. What Are the Effects of Fiscal Policy Shocks? A VAR-Based Comparative Analysis The literature using structural vector autoregressions (SVARs) to assess the effects of fiscal policy shocks strongly disagrees on the qualitative and quantitative response of key macroeconomic variables. We find that controlling for differences in specification of the reduced-form model, all identification approaches used in the literature yield similar results regarding the effects of government spending shocks, but diverging results regarding the effects of tax shocks. The Analytics of SVARs. A Unified Framework to Measure Fiscal Multipliers Does fiscal policy stimulate output? SVARs have been used to address this question, but no stylized facts have emerged. I show that different priors about the output elasticities of tax revenue and government expenditures implied by the identification schemes generate a large dispersion in the estimates of tax and spending multipliers. I estimate fiscal multipliers consistent with prior distributions of the elasticities computed by a variety of empirical strategies. I document that in the U.S. spending multipliers are larger than the tax multipliers. Computing DSGE Models with Recursive Preferences and Stochastic Volatility This paper compares solution methods for computing the equilibrium of dynamic stochastic general equilibrium models with recursive preferences and stochastic volatility. The main finding is that a third-order perturbation is competitive in terms of accuracy with Chebyshev polynomials and value function iteration, while being an order of magnitude faster to run. Business Cycle Accounting and Misspecified DSGE Models This paper investigates how insights from the literature on business cycle accounting can be used to trace out the implications of missing channels in a baseline estimated dynamic stochastic general equilibrium model used for forecast and policy analysis.
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| 22. |
- Ferguson, Shon, 1979-
(författare)
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Essays on Trade, Technology and the Organization of Firms
- 2010
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- "Endogenous Sunk Costs, Exporting and Heterogeneous Firms" Empirical evidence shows that R&D spending is highly correlated with firm productivity and highly concentrated among large firms. This paper develops a model of quality competition with heterogeneous firms that can explain these patterns. The model makes two new predictions. The first prediction is that exporters upgrade while domestic firms downgrade when trade liberalizes. The second prediction is that quality competition reduces the effect of trade liberalization along the extensive margin. "Endogenous Product Differentiation, Market Size and Trade" Recent empirical evidence suggests that average export prices are higher when firms sell in large markets. This paper offers a theoretical explanation for why we do not always see pro-competitive market size effects in the trade data for differentiated goods. The model here proposes that export prices can in fact be higher in larger countries because firms have greater incentive to differentiate their products, which increases price-cost markups. In the two-country case the model predicts that larger countries sell manufacturing goods at higher price-cost markups than smaller countries. "Institution-Driven Comparative Advantage, Complex Goods and Organizational Choice" The theory of the firm suggests that firms can respond to poor contract enforcement by vertically integrating their production process. The purpose of this paper is to examine whether firms' integration opportunities affect the way institutions determine international trade patterns. We find that vertical integration lessens the impact of a country's ability to enforce contracts on the comparative advantage of complex goods. We also find that countries with good financial institutions export disproportionately more in sectors that produce complex goods and that have a high propensity for vertical integration.
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| 23. |
- Hilmersson, Mikael, 1981-
(författare)
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Establishment of Insidership Positions in Institutionally Distant Business Networks
- 2011
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- Since the opening of formerly closed markets in Eastern Europe and China in the early 1990s, numerous firms have sought to capture the growth opportunities prevailing in the virgin but institutionally distant business networks in these countries. I claim that the entry process into an institutionally distant business network has been realised when the entering firm has reached an insidership position in the network. To advance this idea, the thesis introduces the overlooked medium-sized multinational exporter (MME) and answers the following overarching research questions: (I) how do MMEs establish insidership positions in institutionally distant business networks, and (II) what critical abilities are developed by MMEs in the process of entering an institutionally distant business network? To answer these questions, qualitative and quantitative methods have sequentially been mixed to first give an in-depth understanding of the empirical field, and second to verify and generalise some of the most central tentative findings. Empirically, the study reports from a case study of eight firms in the Baltic Sea Region and from an on-site survey of 203 Swedish firms with experience of entries in Eastern Europe and/or China. Five individual essays are presented—all designed to reflect different aspects of the institutionally distant network entry process. The findings are condensed in the cover of the thesis, where it is claimed that an insidership position is reached through three main phases: the Scouting phase, the Qualifying phase and the Shielding phase. Furthermore, it is found that that the most critical abilities developed through the institutionally distant network entry process is local experience-based knowledge of high specificity. It is shown that previous experiences, generated in different business networks in mature markets, are not useful in the network entry process in immature markets. As a consequence, there is reason to believe that the entering firm needs to develop unlearning abilities to replace obsolete or misleading experience.
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| 24. |
- Sörensson, Robert, 1969-
(författare)
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Marshallian sources of growth and interdependent location of Swedish firms and households
- 2010
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- This thesis consists of three papers that examine Marshallian sources of growthand interdependent location of Swedish firms and households. Paper [I] examines the impact of static and dynamic knowledge externalitiesand their impact on Swedish market operating firms growth pattern between1997 and 2005. The three types of externalities are: (i) Marshall-Arrow-Romer(MAR), (ii) Jacobs, and (iii) Porter. My empirical findings for the 40 industriescan briefly be summarized in the following points: (i) static MAR, Jacobsand/or Porter externalities are present in all but nine industries; (ii) except for five cases all industries are exposed to one or more of the MAR, Jacobs and/orPorter type of dynamic externalities; (iii) contrary to previous studies but inline with theoretical predictions, we do find positive and significant effects forstatic as well as dynamic Jacobs externalities. Paper [II] focuses on the presence of agglomeration economies in the form of labor pooling and educational matching and their impact on economic growth in Swedish manufacturing and service industries from 1997 to 2005. To accomplish this I employ a translog production function that enables me to decompose the total agglomeration elasticities into returns that accrue to: direct agglomeration effects, an indirect effect of agglomeration at given input levels, a cross agglomeration effect of matching on labor pooling and vice versa. Household services is the single industry where both the labor pooling and matching hypothesis is supported by our data. Publishing is the sole instance of betterinput usage due to matching consistent with the theoretical claim. Paper [III] studies the interdependent location choices of households and firms expressed as population and employment in Swedish municipalities. Using a model of the Carlino-Mills type to investigate the impact of various location attributes such as differences in public revenue and spending patterns, accessibility to jobs and potential workforce, quality of the labor pool, concentration ofcommercial, private and public services. The findings suggest that fiscal factors significantly alters the impact of housing and accessibility attributes compared to exiting studies on Swedish data. Another finding, in line with previous studies, indicate that there is a significant degree of inertia in household and firm location choices.
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| 25. |
- Hirvonen, Lalaina, 1974-
(författare)
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Essays in Empirical Labour Economics : Family Background, Gender and Earnings
- 2010
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- All three essays in this thesis are concerned with the interrelation of family, gender and labour market outcomes. The first paper investigates family earnings mobility between parents and sons, and parents and daughters, highlighting the role of assortative mating. The results suggest that daughters are more mobile than sons. I also find that Sweden has a higher degree of mobility compared to the U.S., and that assortative mating is an important underlying channel for earnings transmission. The difference in mobility between the two countries does not inherently depend on factors affecting the marriage match. Moreover, adult economic outcomes are more dependent on family background for those at the lower end of the earnings distribution. The second study analyses the long-run effects of an increase in family size on the 1980-2005 labour market outcomes of Swedish men and women. The decision to have (more) children is dependent on current and future labour market prospects. I use the exogenous variations in the sex composition of the first two children to overcome this endogeneity problem. My findings suggest that having an additional child has a stronger negative impact on earnings than on participation. However, mothers experience a substantial but not complete long-term recovery in earnings. The third paper illustrates the difficulty in disentangling the underlying channels of intergenerational earnings persistence using a path analysis model. On closer examination, such a model has a potential shortcoming since the covariates are correlated to other unobserved factors. The results suggest that education is the most influential mechanism in the earnings transmission process, while IQ, mental ability and BMI are of secondary importance. However, education is sensitive to the inclusion of other covariates and the order in which these are entered into the equation.
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| 26. |
- Jørgensen, Sveinung, 1973-
(författare)
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What’s the Problem? Reformulating the Problem for Balanced-Strategy Creation
- 2011
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- By asking “What’s the problem?” this thesis addresses the crucial relationship between how strategic decision-makers formulate organizational problems and how the relevant actors attempt to solve these problems. This thesis holds that the creation of strategy can be conceived of as a decision-making process in which the strategists find, formulate and attempt to solve problems by choosing a set of means to reduce the perceived gap between the current state and the desired state of the organization. The thesis particularly explores and postulates what is refered to as the means-end fallacy in which end-problems are treated as means-problems. In effect the decision-makers take the ends of the organization for granted and only ask “How can we fix it?” instead of critically examining the purpose of the organization by asking “What should we fix and why?” The purpose of this thesis is twofold. First, it is to explore the dysfunctional consequences of the means-end fallacy in organizational decision-making and creation of strategy. Secondly, it is to illuminate the implications of applying the problem-formulation perspective in the creation of organizational strategies. To achieve these purposes the problem-formulation phenomenon is explored in five appended papers. Paper I discusses the paradox of profitability and responsibility and the means-end fallacy in the context of strategic theory and practice. Papers II, III and IV explore the relationship between how a problem is formulated and how different actors attempt to solve it. This is done with a comprehensive case study of the substance-abuse problem and the different organizational strategies that are implemented to resolve it. Paper V offers a concrete discussion of how inappropriate formulations of organizational problems undermine the intended ends, particularly with regard to the paradox of profitability and responsibility. This thesis argues that the strategic decision-makers need both to be more problem-oriented; that they should balance the different dimensions of the problem; and, thus, that they should recognize that decision-making is an art of balance. Moreover, it suggests that the problem-formulation perspective can contribute with an insight into the black box of strategy creation, and that this can be achieved by looking back or rewinding from the organization’s strategy to the initial formulation of the organization’s problems. As a mirror image it suggests that strategic decision-makers can avoid the means-end fallacy by forwarding from an appropriate formulation of the problem to a balanced strategy.
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| 27. |
- Lind, Lena W.
(författare)
-
Market orientation of the Swedish pork sector : the case of the demutualization of Swedish Meats
- 2011
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- In 2007, the largest slaughterhouse in Sweden, the farmer cooperative Swedish Meats, demutualized. That was the end of cooperative dominance in the Swedish meat industry. Paper VI claims that Swedish Meats demutualized because members no longer perceived the benefits from dealing with the cooperative to exceed the costs. This was possibly due to decreased market transaction costs (external transaction costs) and increased internal transaction costs, e.g. agency costs, caused by the problems of Vaguely Defined Property Rights (VDPR). This thesis explores why the demutualization came about following the hypothesis that lack of market orientation caused lower profitability and poorer member benefits. Market orientation is analyzed using one external and one internal perspective. The external perspective reflects that market orientation requires correct market intelligence regarding consumer needs and correct market signals to the upstream actors. This perspective is discussed using the results from Paper I, II and III in this thesis. Paper I shows that even though pork is an overall low involvement product, branded pork has more involved consumers enabling producers to apply a differentiating strategy. It is indicated that Swedish Meats was successful in communicating that consumers should buy Swedish meat. The potential of differentiating the supply of pork with the help of branding also enabled suppliers to overcome difficulties associated with situational factors, which influence consumer choice. Paper II provides a comparison between results regarding consumers' purchasing decisions studied at the Point-of-Purchase versus in other settings. As the supermarket category manager is the gate-keeper to the pork consumer, the supplier market orientation is dependent on the category manager's decision-making. This is discussed in Paper III. The market intelligence collected from the consumer and retailer has to be considered when the cooperative members make strategic decisions regarding product development and marketing. This internal perspective of market orientation is discussed using the results from paper IV, which indicates that the problems of VDPR aggravated the cooperative's ability to respond to the market conditions.
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| 28. |
- Andersson, Lena, 1979-
(författare)
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När strävan efter samsyn blir en kamp : Meningsskapande och meningsgivande i mångtydiga sammanhang
- 2010
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- När personer och grupper med olika bakgrund och erfarenheter möts för att sam-arbeta förutsätts ofta att samsyn kring målen med verksamheten är en förutsätt-ning för koordinerad handling. Forskningen har dock inte kunnat visa empiriskt i vilken utsträckning samsyn är viktigt för att åstadkomma samhandling. I förelig-gande avhandling presenteras en studie som undersöker hur gemensam mening formas i sammanhang präglade av heterogenitet respektive mångtydighet samt hur koordinerad handling uppstår under sådana förutsättningar. Som empirisk grund för att kunna besvara frågeställningarna studeras FöretagsNära med stöd i me-ningsskapandeperspektiv. FöretagsNära är en ny verksamhet organiserad som ett projekt i samverkan mellan Norrköpings kommun och Arbetsförmedlingen i Norr-köping. Syftet med satsningen är att föra samman näringslivsutvecklande och ar-betsmarknadsinriktade insatser och bidra till fler arbetstillfällen i Norrköping. Ba-serat på en longitudinell fältstudie berättas om meningsskiljaktigheter och strävan efter samsyn. Den longitudinella ansatsen gör det möjligt att se utvecklingen av och komplexiteten i formandet av samsyn och samhandling. Skildringen av Före-tagsNära visar att meningsskapandet i processen tar sig olika uttryck. I fråga om syftet med FöretagsNära uppstår en kamp om meningen. Studien visar hur samsyn och samhandling relaterar till varandra på mer komplexa sätt än tidigare forskning föreslagit. Det finns ingen entydig relation mellan gemensam mening och koordi-nerad handling. Studiens resultat har både teoretisk relevans och stor praktisk be-tydelse.
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| 29. |
- Schultz Nybacka, Pamela, 1971-
(författare)
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Bookonomy : The Consumption Practice and Value of Book Reading
- 2011
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- In contemporary society, book readers are increasingly being valued as consumers. Literacy and reading are often subjected to an economic logic and seen as constituting economic operations in themselves. The overall research objective is to explore whether and to what extent book reading as consumption practice belongs with traditional understandings of economy and culture, consumption and value. This entails studies on different levels: theoretical, methodological and meta-theoretical. The main thesis is that we need to envision another mode of economy related to books and reading, captured in the concept of “bookonomy”.The methodological problems connected to the empirical study of consumption practice can be dealt with constructively if we engage consumers in complementary experimental activities. Visual sessions can contribute directly by: 1.) contextualizing practices in everyday life; 2.) exhibiting visible, material aspects, etc.; 3) uncovering invisible aspects such as the art and logic of practice. Using an abductive approach to science and several types of qualitative data, the study puts consumption practice in a new light.Several logics of book reading are uncovered: distributive, encompassing, additive, geometric, accounting, erosive, and depository. These logics of practice are better understood as consummation, rather than consumption. The meta-theoretical study suggested that unlike economic theory that teaches the allocation of scarce resources to meet infinite needs, bookonomy denotes an underlying pattern of complementary logics that gather together and distribute surplus, both historically and as driver into industrial mass production and post-scarcity. Where economic theory distinguishes between value-in-use (utility), value-in-exchange (value) and value-in-money (price), bookonomic value is an epiphenomenal type of value that simultaneously draws on, takes hold of, and deals out surplus. It is a surplus-to-surplus value-in-store, with a distributive logic at heart.
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| 30. |
- Pourmand, Firouze, 1981-
(författare)
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How do Small Firms Manage their Political Environment? : - A Network Perspective
- 2011
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- To this point research on firms’ political behavior has contributed knowledge concerning large firms’ relationships and strategies with political actors and their surrounding environment. Less is known about small firms’ behavior towards political organizations. As a matter of fact, the fields of international marketing, international business and corporate political science have left the political behavior of small firms almost untouched. Therefore, extant literature assumes that small firms due to their resource constraints are passive receivers of political initiatives. About 99 percent of all firms within the European Union are small firms, and it is therefore questioned whether all these firms are passive receivers of political initiatives. The intention with this thesis is to challenge some assumptions regarding how small firms manage their relationships with political actors concerning EU related rules and regulations. Consequently, the study raises the overarching research question; how do small firms manage their political environment? Theoretically, the study takes a network perspective on business political interaction to examine both individual and/or collective political behavior of small firms. It develops a theoretical view constituted of knowledge, commitment and legitimacy. Methodologically, two sequential stages are followed: first an in-depth qualitative case study of three successful cases is presented and second, the in-depth understanding is broadened to a wider population of firms based on a quantitative survey. A central contribution of this thesis is to aid research on the political behavior of small firms. It is found that small firms, in contrast to prevailing assumptions, do possess political resources. They are not passive receivers of political initiatives. Instead, the findings show that small firms are active and can exercise influence. This, however, is shown to be dependent on the firm’s political commitment, political knowledge and competency and business-political legitimacy. It is also shown that small firms mobilize these critical resources not only directly, but also indirectly through various intermediating actors. Besides the theoretical contributions, these conclusions are important not just because of the managerial implications but also, and perhaps more importantly, for the policy implications that can be drawn from the study. Being exploratory and opening up the black box of small firm’s political behavior, the thesis ends with a number of future research directions.
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