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Institution

Stockholm School of Economics

EducationStockholm, Sweden
About: Stockholm School of Economics is a education organization based out in Stockholm, Sweden. It is known for research contribution in the topics: Population & Cost effectiveness. The organization has 1186 authors who have published 4891 publications receiving 285543 citations. The organization is also known as: Stockholm Business School & Handelshögskolan i Stockholm.


Papers
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Journal ArticleDOI
TL;DR: It is argued that the positive effects of FDI postulated in much of the recent debate are not automatic, that the effects ofFDI will vary depending on the host country's characteristics and policies, and that there is a role for economic policy in maximising the potential benefits of F DI.
Abstract: This paper summarises some of the literature on the links between FDI and the transfer and diffusion of technology. We argue that the positive effects of FDI postulated in much of the recent debate are not automatic, that the effects of FDI will vary depending on the host country's characteristics and policies, and that there is a role for economic policy in maximising the potential benefits of FDI. Many developing countries have traditionally relied on a combination of various fiscal incentives and performance and technology transfer requirements to attract foreign multinational firms and to control their operations. However, these measures may not be sufficient to generate significant knowledge spillovers if the majority of local firms employ technologies that are very different from those used by foreigners. The studies reviewed in the paper suggest two additional areas for host country policy. Firstly, policies to support local technological capability and labour skills may facilitate spillovers of technology from foreign MNCs. The reason is not only that the local industry's ability to absorb foreign technology improves, but also that a more skilled local labour force reduces the costs of intra-firm technology transfer within the MNC, which is likely to encourage affiliates to import "more" technology from their parents. Secondly, policies to ensure that the foreign affiliates operate in a competitive environment appear to be essential. Foreign MNCs that are protected by trade or entry barriers can afford to employ obsolete technologies and still generate significant profits, without generating much diffusion of valuable knowledge and skills to local firms. Foreign MNCs facing national or international competition, by contrast, must continuously adjust their operations and technologies to changing market conditions, which creates a greater potential for spillovers to local industry

134 citations

Journal ArticleDOI
TL;DR: In this article, the authors explain the coexistence of convergence across countries and the lack thereof at the regional level in the European Union and show that the intensification of international knowledge spillovers due to more cross-country interaction may exacerbate within-country regional disparities, if regions with different specialization do not benefit evenly from the exchange of knowledge.

134 citations

Book ChapterDOI
01 Jan 1998
TL;DR: The findings show, for example, that the use of primary care "gatekeepers" seems to result in lower health expenditure and also that the way of remunerating physicians in the ambulatory care sector appears to influence health expenditure; capitation systems tend to lead to lower expenditure than fee-for-service systems.
Abstract: This paper uses international health expenditure and the latest OECD data to investigate the determinants of aggregate health expenditure. The study differs from most previous studies in two principal ways. First, it uses a somewhat larger sample for estimation, with pooled time-series, cross-section data for 22 OECD countries for a 20-year period. Most previous work has used a purely cross-section approach: in this case, the small sample size reduced the statistical reliability of results and limited the number of hypotheses that can be tested simultaneously. Second, and following from this, a more extensive range of hypotheses is tested, with particular emphasis on those relating to the contractual relations between payers, providers and patients. The findings show, for example, that the use of primary care “gatekeepers” seems to result in lower health expenditure and also that the way of remunerating physicians in the ambulatory care sector appears to influence health expenditure; capitation systems tend to lead to lower expenditure than fee-for-service systems.

134 citations

Journal ArticleDOI
TL;DR: The authors reviewed behavioral research on perceived risk of the public and experts, giving special attention to nuclear waste risk and pointed out that risk perception is probably less cognitive than has previously been believed, and that such factors as attitudes and moral values play a crucial role.
Abstract: Perceived risk is a crucial factor in the social dilemmas surrounding the risks and hazards of the environment. This paper reviews behavioral research on perceived risk of the public and experts, giving special attention to nuclear waste risk. Experts and the public frequently have very different views of risk, and three cases are distinguished and explanations for the differences between experts and the public are outlined. Theories and models of perceived risk are then discussed. Most theories have been found to have only low or modest explanatory power with regard to level of perceived risk, and even less when it comes to risk acceptability. It is pointed out that risk perception is probably less cognitive than has previously been believed, and that such factors as attitudes and moral values play a crucial role.

134 citations

Journal ArticleDOI
TL;DR: This work considers the problem of maximizing terminal utility in a model where asset prices are driven by Wiener processes, but where the various rates of returns are allowed to be arbitrary semimartingales and manages to provide a surprisingly explicit representation of the optimal terminal wealth as well as the optimal portfolio strategy.
Abstract: We consider the problem of maximizing terminal utility in a model where asset prices are driven by Wiener processes, but where the various rates of returns are allowed to be arbitrary semimartingales. The only information available to the investor is the one generated by the asset prices and, in particular, the return processes cannot be observed directly. This leads to an optimal control problem under partial information and for the cases of power, log, and exponential utility we manage to provide a surprisingly explicit representation of the optimal terminal wealth as well as of the optimal portfolio strategy. This is done without any assumptions about the dynamical structure of the return processes. We also show how various explicit results in the existing literature are derived as special cases of the general theory.

133 citations


Authors

Showing all 1218 results

NameH-indexPapersCitations
Magnus Johannesson10234240776
Thomas J. Sargent9637039224
Bengt Jönsson8136533623
J. Scott Armstrong7644533552
Johan Wiklund7428830038
Per Davidsson7130932262
Julian Birkinshaw6423329262
Timo Teräsvirta6222420403
Lars E.O. Svensson6118820666
Jonathan D. Ostry5923211776
Alexander Ljungqvist5913914466
Richard Green5846814244
Bo Jönsson5729411984
Magnus Henrekson5626113346
Assar Lindbeck5423413761
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
20237
202251
2021247
2020219
2019186
2018168