In Economics, research is mainly concentrated on various aspects of industrial economics with a emphasis on decision making, competitiveness and specialization, inter-regional and trans-national trade as well as multi-sectoral interaction and change. Dynamics is also highlighted along with the course of development relevant to entrepreneurship and innovations. In this way attention is focused on economic dynamics, renewal of economic structure and dynamics of specialisation and industrial organisation. This also relates to research projects in international trade and the development of international markets in general. The analysis of dynamic processes also comprises econometric techniques to estimate and detect endogenous causation.
Spatial aspects are reflected in studies of location and trade, including spatial industrial dynamics. In a set of studies spatial specifications of production, transaction and consumption activities have been used as a means to enrich the data sets for econometric studies of general problems in economics.
Financial markets and institutions generate financing and investment opportunities for private households and firms. Better functioning financial systems (markets, intermediaries, regulation) can ease external financial constraints that would otherwise impede new firm foundation and industrial expansion.
The main research themes of Finance at JIBS are the interplay between institutions, finance and economic development. Institutions at various levels constitute the rules of the game and determine, through incentives, how financial systems work and how and what type of financial transactions are made. This in turn is crucial for economic development both at household/individual level, firm and industry level as well as for macroeconomic outcomes. The purpose is to conduct research, which allows for controlled systematic empirical quantitative analysis with the aim to provide decision support for public policy and private decision-making.
The research also focuses on corporate governance practices, which align governance structures with transactions, managing agency, and incentive problems.