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Eklund, Johan
Alternative names
Publications (10 of 60) Show all publications
Button, K. J. & Eklund, J. (2018). Are there inherent biases in applying cost–benefit analysis?. Applied Economics Letters, 25(7), 461-464
Open this publication in new window or tab >>Are there inherent biases in applying cost–benefit analysis?
2018 (English)In: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 25, no 7, p. 461-464Article in journal (Refereed) Published
Abstract [en]

This article extends discussions of potential biases that can exist in applying cost–benefit analysis. While there is extensive evidence that capture can result in stakeholder manipulation of inputs, there are also claims that the analysis is inherently theoretically bias in favour of over acceptance. The article shows that, contrary to these latter claims, treating projects in isolation is unlikely to produce such bias; indeed, it is as likely as not to lead to suboptimally low acceptance rates. The reason for excessive acceptance of projects therefore is largely due to institutional capture of the analysis for either self-interest or natural human over-optimism.

Place, publisher, year, edition, pages
Taylor & Francis, 2018
Keywords
Cost–benefit analysis, appraisal bias, welfare economics, investment appraisal
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-37865 (URN)10.1080/13504851.2017.1332743 (DOI)XYZ ()2-s2.0-85019702230 (Scopus ID)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2017-11-12 Created: 2017-11-12 Last updated: 2019-02-21Bibliographically approved
Eklund, J. & Lappi, E. (2018). Persistence of profits in the EU: how competitive are EU member countries?. Empirica, 1-25
Open this publication in new window or tab >>Persistence of profits in the EU: how competitive are EU member countries?
2018 (English)In: Empirica, ISSN 0340-8744, E-ISSN 1573-6911, p. 1-25Article in journal (Refereed) Epub ahead of print
Abstract [en]

Profits that persist above or below the norm for prolonged periods of time reveal a lack of competition and imply a systematic misallocation of resources. Competition, if unimpeded, should restore profits to normal levels within a relatively short time frame. The dynamics of profits can thus reveal a great deal about the competitiveness of an economy. This paper estimates the persistence of profits across the European Union (EU), which adds to our understanding of the competitiveness of 18 EU member states. By using a sample of approximately 4700 firms with 51,000 observations across the time period of 1995–2013, we find differences in the persistence of short-run profits, implying that there are differences in competitiveness across the EU. The Czech Republic and Greece are among the countries with the highest profit persistence, whereas the United Kingdom is among those with the lowest persistence of profits. Furthermore, we provide evidence that there are significant permanent rents present in the EU across countries as well as in the different broad sectors across the EU. 

Place, publisher, year, edition, pages
Springer, 2018
Keywords
Competition, Competitiveness, European Union, Persistence of profits
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-39005 (URN)10.1007/s10663-018-9399-5 (DOI)2-s2.0-85042067830 (Scopus ID)
Available from: 2018-03-16 Created: 2018-03-16 Last updated: 2018-03-16
Eklund, J. & Lappi, E. (2018). Product regulations and persistence of profits: OECD evidence. Journal of Regulatory Economics, 54(2), 147-164
Open this publication in new window or tab >>Product regulations and persistence of profits: OECD evidence
2018 (English)In: Journal of Regulatory Economics, ISSN 0922-680X, E-ISSN 1573-0468, Vol. 54, no 2, p. 147-164Article in journal (Refereed) Published
Abstract [en]

In competitive markets, profits deviating from the norm will not persist for extended periods. If unimpeded, entry and exit of firms should restore profits to competitive levels. This dynamic process is influenced by regulations that temporarily or permanently impede competition. We study how product market regulations (PMR)—as measured by the OECD—affect competition by their impact on the profit persistence (Wölfl et al. in Ten years of product market reform in OECD countries-insights from a revised PMR indicator, 2009, Product market regulation: extending the analysis beyond OECD countries, 2010). To examine profit dynamics, we follow the methodology developed by Mueller (Economica 44(176):369–380, 1977), which measures both the short run persistence of profits and the long run permanent rents. The method can be used to measure: (1) short run transitory rents; (2) long run permanent rents. To this end we use firm level data from 30 OECD countries over the period 1998–2013. Results show that PMR increase the permanent rents of firms but we find no significant effect on short run profit persistence. We conclude that PMR negatively influence competition and increase permanent rents, resulting in misallocation of resources.

Place, publisher, year, edition, pages
Springer, 2018
Keywords
Profits, Persistence of profits, Competition, Product market regulation, Regulations Entry
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-41823 (URN)10.1007/s11149-018-9365-y (DOI)000446026400003 ()2-s2.0-85053392058 (Scopus ID)
Available from: 2018-10-11 Created: 2018-10-11 Last updated: 2018-12-19Bibliographically approved
Eklund, J., Henrekson, M. & Stenkula, M. (2017). Alla kan bli vinnare i en globaliserad värld. Göteborgs-Posten, 14 maj
Open this publication in new window or tab >>Alla kan bli vinnare i en globaliserad värld
2017 (Swedish)In: Göteborgs-Posten, ISSN 1103-9345, Vol. 14 majArticle in journal, News item (Other (popular science, discussion, etc.)) Published
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-37872 (URN)
Available from: 2017-11-13 Created: 2017-11-13 Last updated: 2017-11-13Bibliographically approved
Eklund, J. & Pettersson, L. (2017). Högskola i otakt. Stockholm: Dialogos Förlag
Open this publication in new window or tab >>Högskola i otakt
2017 (Swedish)Book (Other academic)
Abstract [sv]

Sverige har aldrig haft så många högutbildade i arbetskraften som idag, men arbetsmarknaden fungerar allt sämre. Frågan är vilka ekonomiska utfall högskoleexpansionen har bidragit till.

Slutsatser är att högre utbildning i Sverige inte främjar ekonomisk utveckling och välfärd. Det som bestämmer studenternas val och lärosätenas utformning av utbildningar anpassas inte efter behoven på arbetsmarknaden.

Utbildning är kostnadsfri för studerande och finansieras via skatteuttag, samtidigt som utbildningspremien och den privatekonomiska avkastningen, tillhör världens lägsta.

Detta bidrar inte till att lösa matchningsproblem på arbetsmarknaden. Istället finns en risk att utbildning ses som konsumtion snarare än investering i kunskap.

Resultatet riskerar bli en högskola som går i otakt med det omgivande samhället och framförallt näringslivet.

Place, publisher, year, edition, pages
Stockholm: Dialogos Förlag, 2017. p. 144
National Category
Economics Educational Sciences
Identifiers
urn:nbn:se:hj:diva-37877 (URN)978-91-7504-322-7 (ISBN)
Available from: 2017-11-14 Created: 2017-11-14 Last updated: 2017-11-14Bibliographically approved
Braunerhjelm, P., Eklund, J., Henrekson, M., Kreicbergs, J. & Malm, A. (2017). Skatterna och entreprenörskapet: Företagsbyggande, optioner och tillväxt. Örebro: Entreprenörskapsforum
Open this publication in new window or tab >>Skatterna och entreprenörskapet: Företagsbyggande, optioner och tillväxt
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2017 (Swedish)Report (Other academic)
Place, publisher, year, edition, pages
Örebro: Entreprenörskapsforum, 2017. p. 60
Series
Näringspolitiskt Forum Rapport ; 17
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-37866 (URN)978-91-89301-88-7 (ISBN)
Available from: 2017-11-12 Created: 2017-11-12 Last updated: 2017-11-12Bibliographically approved
Eklund, J. (2017). Svenska konkurrenskraft: Har vi problem med den ekonomiska föRnyelseförmågan?. Stockholm: Entreprenörskapsforum
Open this publication in new window or tab >>Svenska konkurrenskraft: Har vi problem med den ekonomiska föRnyelseförmågan?
2017 (Swedish)Report (Other academic)
Alternative title[en]
Swedish Competitivness
Abstract [sv]

Vilka faktorer är av betydelse för långsiktig svensk konkurrenskraft och förmå- gan att generera tillväxt? I Svensk konkurrenskraft – Har vi problem med den ekonomiska förnyelseförmågan? får du svaren. Med utgångspunkt i kunskaps- uppbyggnadens betydelse för konkurrenskraft, via förutsättningar för entre- prenörskap och värdeskapande, ges policyrelevanta förslag för hur Sverige långsiktigt kan upprätthålla förädlingsvärden i ekonomin.

Entreprenörskapsforum presenterar för nionde året i rad en forskningspublikation i anslutning till konferensen Swedish Economic Forum. Rapportserien bidrar till att fördjupa samhällsdebatten genom djuplodande analyser och policyrekommenda- tioner. Analyserna har ett entreprenörskaps-, småföretags- och innovationsfokus kopplat till samhällsekonomiska effekter och svensk ekonomisk förnyelsekraft.

Författarna till Swedish Economic Forum Report 2017 är Johan Eklund, vd Entreprenörskapsforum och professor BTH, Pontus Braunerhjelm, forsknings- ledare Entreprenörskapsforum och professor KTH, Dan Brändström, profes- sor och ordförande Linnéuniversitetet, Anders Grufman, ekonom, Pernilla Johansson, ekon dr och chefekonom Sydsvenska Handelskammaren, Christian Ketels, forskare Harvard Business School, Emma Lappi, doktorand JIBS, Göran Reitberger, tidigare adjungerad professor KTH och Per Thulin, forskare Entreprenörskapsforum och ekon dr KTH. 

Place, publisher, year, edition, pages
Stockholm: Entreprenörskapsforum, 2017. p. 187
Series
Swedish Economic Forum Report
Keywords
konkurrenskraft
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-38126 (URN)978-91-89301-93-1 (ISBN)
Available from: 2017-12-08 Created: 2017-12-08 Last updated: 2018-09-05
Bjuggren, P.-O., Eklund, J. & Wiberg, D. (2016). Institutional ownership and returns on investment. Corporate Ownership & Control, 13(4Cont3), 419-430
Open this publication in new window or tab >>Institutional ownership and returns on investment
2016 (English)In: Corporate Ownership & Control, ISSN 1727-9232, E-ISSN 1810-3057, Vol. 13, no 4Cont3, p. 419-430Article in journal (Refereed) Published
Abstract [en]

This paper examines how institutional investors influence investment decisions and returns on investment. To measure investment performance, we use marginal q, which measures the ratio of the return on investment to the cost of capital. Institutional owners are found to have a positive but marginally diminishing effect on performance. Our paper uses longitudinal data on Swedish firms from 1999 to 2005; during this period, the ownership structure of Swedish firms underwent dramatic changes as institutional investors increased their ownership shares, while ownership by Swedish households decreased. However, controlling owners - who were often founding families - maintained their control of firms by resorting to extensive use of dual-class shares. This was an important determinant of firm performance that eradicated the positive influence of institutional ownership.

Keywords
Corporate Governance, Institutions, Marginal Q, Ownership, Performance, Tobin’s Average Q
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-32126 (URN)2-s2.0-84988378434 (Scopus ID)
Available from: 2016-10-28 Created: 2016-10-28 Last updated: 2018-09-05Bibliographically approved
Eklund, J. & Thulin, P. (2015). Flytt- eller stannfågel?: Högre utbildning, dynamik och matchning på Örebro arbetsmarknad. Stockholm: Entreprenörskapsforum
Open this publication in new window or tab >>Flytt- eller stannfågel?: Högre utbildning, dynamik och matchning på Örebro arbetsmarknad
2015 (Swedish)Report (Other academic)
Place, publisher, year, edition, pages
Stockholm: Entreprenörskapsforum, 2015. p. 43
Series
Regionalpolitiskt forum
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-29224 (URN)978-91-89301-78-8 (ISBN)
Available from: 2016-01-26 Created: 2016-01-26 Last updated: 2016-01-26Bibliographically approved
Eklund, J. (2015). Penning- kontra bostadspolitik – en dåligt hanterad spänning. Ekonomisk Debatt, 43(7), 3-5
Open this publication in new window or tab >>Penning- kontra bostadspolitik – en dåligt hanterad spänning
2015 (Swedish)In: Ekonomisk Debatt, ISSN 0345-2646, Vol. 43, no 7, p. 3-5Article in journal, Editorial material (Other academic) Published
Place, publisher, year, edition, pages
Stockholm: Nationalekonomiska Föreningen, 2015
National Category
Economics
Identifiers
urn:nbn:se:hj:diva-29228 (URN)
Available from: 2016-01-26 Created: 2016-01-26 Last updated: 2017-11-30Bibliographically approved
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