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National accounts and business cycles
All content for topic national accounts and business cycles
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Decreased real disposable income for households
Disposable income in households increased by NOK 2 billion in the first quarter of 2017 according to seasonally adjusted figures. This corresponds to a decrease in real disposable income of 2.4 per cent.
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Increase in current account surplus
A higher balance of goods and services’ surplus and a somewhat stable investment income from abroad gave a strong current account balance for Norway in the 1st quarter of 2017.
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Stable household consumption of goods
Household consumption of goods rose 0.1 per cent from March to April 2017, according to seasonally adjusted figures. There was a decrease in purchases of vehicles and petrol, while the consumption of other goods was higher in April than in the mon...
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Life expectancy and claiming behavior in a flexible pension system
Discussion Papers no. 859
We study the relationship between early claiming of pensions and incentives in the highly flexible Norwegian public pension system, measuring incentives to claim based on an estimated model for expected longevity.
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Increased growth in the mainland economy
After 0.4 per cent growth in the 4th quarter of 2016, gross domestic product (GDP) for mainland Norway increased by 0.6 per cent in the 1st quarter of 2017. It is slightly higher than the projected trend growth.
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Price drop in natural gas
The producer price index fell due to lower prices on energy goods such as natural gas, electricity and refined petroleum products. Higher prices within manufacturing and on crude oil curbed the fall in the total index.
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Signs of improvement despite reduced stocks
Compared with the first quarter of 2016, total stocks in the order-based industry fell by 19 per cent in the first quarter of 2017. Total stocks are now showing signs of levelling out. New orders were up 21 per cent in the same period.
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Fiscal multipliers in the Norwegian economy
Reports 2017/09
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Strong growth in consumption from foreign tourists
Foreign tourists spent NOK 45 billion in Norway in 2015, according to preliminary results. This group’s tourism consumption in Norway constituted 28.6 per cent of the total tourism consumption. The corresponding figure for 2013 was 26.3 per cent.
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Long term impacts of class size in compulsory school
Discussion Papers no. 858
How does class size in compulsory school affect peoples’ long run education and earnings?
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Economic Survey 1-2017
As a consequence of the fall in demand from the petroleum industry, the Norwegian economy has been in a clear cyclical downturn since the autumn of 2014. However, there are signs that the decline is coming to an end, and our projections indicate a...
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Labor supply analysis with non-convex Budget sets without the Hausman approach
Discussion Papers no. 857
When the budget set is non-convex the application of the Hausman approach to estimate labor supply functions will in general be cumbersome because labor supply no longer depends solely on marginal criteria (first order conditions).
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Health expenditure accounts for more than 10 per cent of GDP
Preliminary figures show that Norway’s current health expenditure was NOK 326 billion in 2016. Measured per capita, the health expenditure is about NOK 62 000; an increase of NOK 2 000 from 2015.
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Slightly brighter times ahead
The fall in investments in the petroleum industry is waning, exports are increasing and private demand is picking up. These factors combined will soon lead to a cautious upturn in the Norwegian economy. Following a considerable decline last year, ...
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Phasing out coal and phasing in renewables – good or bad news for arctic gas producers?
Discussion Papers no. 856
This paper examines to what extent downscaling of global coal based electricity generation encourages gas demand and affects regional activity in gas production, with emphasis on the arctic regions.
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