External funding 2019

Read more about our projects

Isabel Casas
DKK  69,000 - The Carlsberg Foundation 
Title: Forecasting Electricity from Mutriku, a successful wave power plant
Description: The Paris agreement in April 2016 set the rules for climate change mitigation worldwide, the reduction of greenhouse gas emissions and the promotion of clean sources of energy. Electricity production from renewable sources of energy suffers from intermittency because this energy cannot be easily stored. Issue that can be overcome by combining various energy sources. While wave power generation is still in the prototype stage in Denmark (four active prototypes are functioning in Danish seas), it is a reality in the Basque Country where it is the leading source of renewable energy in the short and medium term. The result of this governmental commitment is the construction of the Mutriku Wave Power Plant, the world’s first commercial wave power plant, which has been operative since July 2011. This project has access to production data from Mutriku, necessary to find the best forecasting model of electricity using oceanic data, and to advise the most efficient electricity trading strategy.

Paul Sharp
DKK 5.4 million - DFF (01-08-2019)
Title:  Conflict and Development
Description: The homogeneous and peaceful population of Denmark is often contrasted with the heterogeneity and conflict of Ireland, and this project will use these cases to investigate the role of conflict for economic development. First, we will take up the ‘Creamery War’ in Denmark around the turn of the twentieth century, which pitted Grundtvigians against the ‘Inner Mission’ movement. Both sides established rival creameries, with potentially catastrophic effects on productivity and macrolevel development in the areas affected, both of which we will quantify. Second, we turn to the US where the Inner Mission gained a large following among Danish immigrants. They argued for assimilation into American society, and we will study the role of this for the rapid integration and economic success of Danes. Finally, we will argue that introducing rival cooperative creameries to an environment dominated by large private operators led to conflict and exacerbated the already poor social capital in Ireland.

Jørgen Lauridsen
DKK 5.0 million - The Carlsberg Foundation (01-01-2019)
Title: 
Establishment of Danish SHARE dara infrastructure
Description: Since 2004, the European Survey of Ageing, Health and Retirement (SHARE) has gathered a vast amount of micro data from more than 120,000 European individuals from the age of 50. The survey, based on interviews conducted in 27 European countries and Israel, consists of data of socio-economic status, family, social networks and health are gathered in the unique data program called SHARE. SHARE is a longitudinal survey and so far, 7 waves of data have been collected. Since the first wave of 2004, the Danish SHARE data, SHAREDK has been merged with register data from Statistics Denmark into the research infrastructure REGLINK-SHAREDK, which has improved research potential significantly. Furthermore, the SHAREDK also contains biometrical measures, which makes the Danish part of SHARE internationally outstanding. Thus, the SHARE survey together with REGLINK-SHAREDK is a major data infrastructure informing on the ageing society and the challenges connected to the demographic development. The data infrastructure is available for all researchers free of charge and ensures good quality data for their research. In April 2018 the international SHARE had more than 8500 registered users globally.

Jørgen Lauridsen
DKK 1.5 million - Trygfonden (01-01-2019)
Title: SHARE
Description: Since 2004 Denmark has participated in the SHARE survey under the management of the University of Southern Denmark (SDU). Furthermore, since 2017 Danish SHARE data have been merged with register data from Statistics Denmark. This database, REGLINK‐SHAREDK, is of unique value for societal and health research. Longitudinal interview data, which includes subjective and objective data on representative Danes, in combination with register data, provides unique opportunities for analyses and evidence based knowledge on relevant cause‐response mechanisms, not the least when it comes to the question why we age differently. SHARE data and research projects based on these can thus contribute to implementation of new policy initiatives addressing challenges following an ageing Denmark and Europe. Only few other countries can do this; research based on REGLINK‐SHAREDK is thus internationally acknowledged. It is important that decision makers can access the most outstanding knowledge on these areas when meeting challenges from an ageing population. A continued Danish participation in SHARE is thus essential but is conditioned on financing the last three waves of data collection.

Jørgen Lauridsen
DKK 400,000 - Helsefonden (01-01-2019)
Title:  SHARE
Description: Since 2004 Denmark has participated in the SHARE survey under the management of the University of Southern Denmark (SDU). Furthermore, since 2017 Danish SHARE data have been merged with register data from Statistics Denmark. This database, REGLINK‐SHAREDK, is of unique value for societal and health research. Longitudinal interview data, which includes subjective and objective data on representative Danes, in combination with register data, provides unique opportunities for analyses and evidence based knowledge on relevant cause‐response mechanisms, not the least when it comes to the question why we age differently. SHARE data and research projects based on these can thus contribute to implementation of new policy initiatives addressing challenges following an ageing Denmark and Europe. Only few other countries can do this; research based on REGLINK‐SHAREDK is thus internationally acknowledged. It is important that decision makers can access the most outstanding knowledge on these areas when meeting challenges from an ageing population. A continued Danish participation in SHARE is thus essential but is conditioned on financing the last three waves of data collection.

Jacob Weisdorf
DKK 600,000 - The Carlsberg Foundation (01-01-2019)
Title: The wealth and poverty of nations reconsidered  
Description: What The project looks at the core drivers of modern economic growth. Traditional explanations point to technical progress as the root cause of the triggering event, the industrial revolution. Recent research suggests, however, that economic growth predates the industrial revolution by more than two centuries. The current project argues that the industrial revolution was prompted by 16th- and 17th-century working-class people who decided to increase their income-generating activities; to have fewer children; and to invest a growing share of resources in their children's education. More money increased the working class' demand for consumption goods, which inspired producers to search for more productive technologies. Better educated workers in turn helped more productive technologies to occur.

Giovanni Mellace
DKK 4.1 million - DFF (01-09-2019)
Title: Causal Inference with Multiple IVs: Using Mendelian Randomization to Estimate the Causal Effects of Cannabis and Alcohol on Labor Productivity and of Creativity and Risk Taking on Entrepreneurship
Description: This project will change the way causal relationships are identified and estimated in observational studies by developing new instrumental variable (IV) methods that will be relevant, not only for empirical researchers in economics and the social sciences, but in many other disciplines, including epidemiology and genetics. The relevance of the new proposed methods will be illustrated by two empirical applications using the unique IPSYCH genetic dataset. Adapting the newly developed IV methods to the idea of Mendelian randomization, I will use genetic variants as instruments to i) estimate and compare the causal effects of cannabis and alcohol abuse on educational attainment, labor market outcomes, and health outcomes and ii) estimate the causal effects of creativity and risk propensity on the probability of engaging in entrepreneurial activities. I will gather an ideal team for this projects that includes a number of experienced researchers in econometrics and genetics.

Christian Riis Flor
DKK 287,000 - DFF (01-01-2019)
Title: The Firm's Life Cycle,  Investment and Financing Decisions
Description: The research area of the network activities is within the field of corporate finance. Two central questions of corporate finance concern how firms finance their activities and how investment decisions are made. However, finding answers to such general questions remains challenging, one obvious reason being that firms are often very diverse: A large cross-sectional heterogeneity prevails. We want to analyze such questions by examining firms’ behavior at different stages of their life cycle – the simple intuition being that young firms face different challenges compared to more mature firms. Interestingly, very limited attention has yet been given to develop such a unified view. The researchers involved in the activities aim to fill this gap. Therefore, the scientific focus of this project is to establish a framework suitable for analyzing a unified view on the various phases of a firm’s life cycle. We concentrate on three distinct phases of a firm’s life cycle: first, the start-up funding and the subsequent decision to enter the stock market. Second, the firms’ real investment decisions and how they are financed (e.g. equity vs. debt). This phase also includes acquisitions from the acquirer’s point of view. Third, a focus on the end of the life cycle, e.g. the decision to sell the firm to an acquirer (now seeing an acquisition from the seller’s and target’s point of view) or to liquidate the firm’s assets. The development of such a unified framework is supported by employing both theoretical and empirical research methods.

Lars Lønstrup
DKK 756,000 - DFF
Title: Inequality in Life Span and the Macroeconomy: A Theoretical Inquiry
Description: 

Christian Møller Dahl
DKK 316,000 - DFF (01-01-2019)
Title: Inside the black box of welfare state expansion
Description:

Dennis van Liempd
DKK 50,000 - Danske Revisorer (01-04-2019)
Title: Digitalisering og ekspertsystemer i revisorbranchen: Digitaliseringsparathed, revisionskvalitet og rådgivningssystemer
Description: