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Working Paper No. 121. A Methodological Note on Measuring the Functional Efficiency of Capital Markets

PublikationWorking paper
Företagandets villkor, Johan Eklund, Kapitalmarknader, Sameeksha Desai
Working Paper No. 121.
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Sammanfattning

We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.

Eklund, J.E. & Desai, S. (2008). A Methodological Note on Measuring the Functional Efficiency of Capital Markets. Ratio Working Paper No. 121.

Baserat på innehåll

Working Paper No. 121. A Methodological Note on Measuring the Functional Efficiency of Capital Markets
Working paperPublikation
Eklund, J.E. & Desai, S.
Publiceringsår

2008

Publicerat i

Ratio Working Paper

Sammanfattning

We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.

Working Paper No. 121. A Methodological Note on Measuring the Functional Efficiency of Capital Markets
Working paperPublikation
Eklund, J.E. & Desai, S.
Publiceringsår

2008

Publicerat i

Ratio Working Paper

Sammanfattning

We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.

Ratio Working Paper No. 349: Industrial conflict in essential services in a new era – Swedish rules in a comparative perspective
Working paperPublikation
Karlson, N.
Publiceringsår

2021

Publicerat i

Ratio Working Paper

Sammanfattning

This paper examines whether the Swedish regulatory system of dealing with industrial conflicts that affect essential services need an update or reform. Are the existing rules effective in a world where many essential services are upheld by many interdependent agents in complex systems where every single node becomes critical for the functioning of the system, and where the essential service activities could be either private or public? A comparative study is conducted with the corresponding regulatory systems of the United Kingdom, Germany, and Denmark.
The conclusion is that Sweden is a special case. The Swedish protection against and readiness in dealing with societally harmful industrial conflicts in essential services is weaker than in the countries of comparison. Just as in relation to other threats to essential services, it is not sustainable to claim that just because such a threat is not currently present, there would be no need for preparedness.
There are many alternative ways to handle this. Desirable methods should both prevent harmful conflicts from erupting and end conflicts that have grown harmful to society at a later stage. The labour market organisations should have a mutual interest in reforming the rules.

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