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The aim of this thesis is to examine the long-run relationship between regional house prices, how the house price model behaves in the short run and if aggregated national house price models may be misleading. To investigate whether house prices are related in the long run we use cointegration tests to look for common trends. The short-run behaviour of the model is estimated by an error correction
Den klassiska debatten kring hushållsnära tjänster behandlar frågan om hur beskattningen bör se ut. Denna uppsats vill istället behandla ämnet på samma sätt som barnomsorgen har gjorts de senaste decennierna, det vill säga som en statligt finansierad reform för att öka alla inkomstgruppers arbetsutbud. Avsikten är att testa de ekonomiska effekterna av ett extra barnbidrag, öronmärkt för hushållsnä
I uppsatsen diskuteras de individekonomiska, samhällsekonomiska och till viss del även de offentligekonomiska incitamenten och kostnaderna av den ökade andelen utländska studenter på avancerad nivå I Sverige. Uppsatsen belyser även till viss del den nationella strategin för internationalisering av den högre utbildningen. Uppsatsen kommer fram till att det kan vara kostnadseffektivt för de utländsk
Syftet med uppsatsen ligger i att genomföra en kundsegmentering med hjälp av klusteranalys på bas av kundpreferenser från en conjointanalys. Datamaterialet rör konsumentpreferenser med de två attributen öppning, med fem nivåer, och förpackning, om fyra nivåer. Klustermetoderna som används är K-mean, K-median och Fuzzy klustering. Segmenteringen baseras på att använda sig av standardiserade och ick
The international guest worker programmes as well as labour migration have had substantial impact on the economic development of many parts of the world including Europe, the United States, Canada, the Gulf States, Japan, as well as increasingly many other parts of the world. The severe shortages of labour due to low fertility and population ageing in the developed world have in the recent decades
Mean-Risk portfolio optimization method proposes an efficient frontier that consists of portfolios not dominated by any portfolio. Consequently, this method reduces the choice set by excluding inefficient portfolios. Different risk measures offer different efficient frontiers, which can be interpreted as different optimal choice sets. The question is whether these different risk measures lead to s
In the light of the current financial crisis, risk management and prediction of market losses seem to play a crucial role in finance. This thesis compares one day out-of-sample predictive performance of standard methods and conditional autoregressive VaR (CAViaR) by Engle & Manganelli (2004) for VaR (Value-at-risk) prediction of market losses. Comparison is made on US, Hong Kong, and Russian i
This paper investigates the profitability of the zero-cost strategies (Winner-Loser) on the Eurozone market for the time period 1999-2009. We find that the Winner portfolio outperforms the Loser portfolio by, on average, 0,8% per month when we combine formation and holding periods of 3, 6, 9 and 12 months. As the sum of these two periods gets closer to 24 months, the excess returns tend to dissipa
The purpose of this thesis is to test the implications of the permanent income – life cycle hypothesis. According to Hall (1978), if the permanent income-life cycle hypothesis is valid, consumption should follow a random walk and no variable other than once-lagged consumption should help explaining current consumption. Two different tests are conducted. Firstly, consumption is regressed upon its o
In recent years the concept of social capital has become particularly popular in epidemiologic literature for its hypothesized effects on health inequalities observable at national levels. This project evolves around the theory of social capital, particularly the interaction of its bonding, bridging and vertical forms and dimensions for health outcomes. It also incorporates a competing viewpoint a
Studien undersöker sambandet mellan ekonomisk tillväxt och utländska direktinvesteringar (FDI) i utvecklingsländer, samt om bättre inhemska finansiella marknader och/eller en högre nivå på humankapitalet påverkar utfallet. Detta studeras genom; (1) En justerad tillväxtmodell där FDI:s påverkan på kapitalackumulationen och teknologiöverföringen inkluderas. (2) En paneldatastudie som baseras på ett
Leveraged buyout transaction is the most familiar PE investment technique in financial market. It is controversial for high debt financing since some companies go to bankruptcy for it, and some companies achieve another boom. Debt financing is cheaper than equity financing, and tax shield would also be attractive for choice of high debt capital structure. Potential LBO companies should be mature,
Financial services sector is fundamental to economic growth and development in all advanced economies. Financial services such as banking, savings and investment, insurance, and debt and equity financing constitute a nation’s economic engine by fulfilling three core functions in the economy. Firstly, these services provide financial intermediation functions between savers/investors that are lookin
Japan is ageing and the proportion of people aged 65 or older is expected to reach 29.9%. Given that the system is not changed, forecast of health spending in 2025 is done taken demographic change into consideration. 8.38% of GDP will be needed for health care (acute care) and 2.62% for long-term care. Considering the fact that Japan has spent 5% less than OECD average for health and that the curr
Syfte: Att med hjälp av optimal arbetslöshetsförsäkringsteori samt empirisk analys – genom en jämförelse mellan länder – undersöka om, och hur, utformandet av de olika fragmenten i en arbetslöshetsförsäkring förklarar arbetslöshetsgraden. Metod: Problemet kommer att angripas med såväl optimal ekonomisk teori som med ekonometri. En multipel regressionsanalys med tvärsnittsdata är den modell som kom
Idag har det blivit otroligt viktigt med ett miljömässigt ansvarstagande, speciellt vad gäller elproduktion. Här presenteras ett arbete där prestandabedömningen av dagens mest termodynamiskt effektiva fossila kraftverk, kombikraftverk, revolutioneras.Power production has a vital role in the functioning of society and will have a major part in the future of environmental and economical sustainability. Therefore, efficiencies of power plants are always a subject to improvements in order to utilise resources as efficient as possible. A Combined Cycle, combining a gas turbine topping cycle and a steam turbine bottoming cycle, is a widely used conf
This thesis addresses the lived experiencesof immigrant detention in Sweden, in the light of Sweden’s ongoing expansion of its detention capacity, and increasingly deportation focused migration policy. The research follows a qualitative design. Qualitative interviews with current and former detainees comprise the main source of data. The sampling method used for the study is generic purposive snow
Påverkar det vort transportval när vi bekymrar oss om klimatet? När vanliga människor oroar sig om klimatförändringen har det betydning för hur dom uppfattar sin transport i vardagen. Klimatbekymringen spelar i denna studie ingen avgörande roll för om folk väljer bil, bus eller cykel. Men ändå påverkas t. ex. synen på olika transportformer och känslan för vad som är ett individuellt ansvar. KlimaCitizens concerned about climate change could represent a potential for changes in everyday travel behaviour in a less carbon intensive way, or even put public pressure on governmental decisions to mitigate climate change emissions from the transport sector. Situated in the context of rural residents’ everyday life in Denmark, this study explores how the role of climate change concerns within resi
The unfavourable social and economic situation of Roma in the EU has been on debate for decades. There are several efforts at the national and international level to improve the social and economic situation of Roma as many of them still face deep poverty and discrimination. There are more than 10 million Roma across the EU and they are recognised as one of the largest ethnic groups in the region.
Mänsklighetens intresse för rymden och allt bortom vår värld har alltid varit ett faktum. Raketer har skjutits upp i det svarta sedan 1940-talet och utvecklingen av rymdutrustning går ständigt framåt med ny teknik som konstant tänjer på gränserna för vad vi trodde var möjligt. Dock leder nya tankar och idéer till ökad resursefterfrågan, särskilt i de tidigare designstadien. Därför behövs metoder fEarly designs are often based on rough estimations and assumptions. Such is also the case when designing space turbines that power rocket engine fuel pumps which generally have obscure performance and size requirements. Often times, this leads to unique, single-use designs. This complicates and restricts the amount of possible testing. To aid in this early design process and to help predict turbin
