Curriculum Vitae. Valdemar Smith

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1 Curriculum Vitae Valdemar Smith Personal Data Title: Professor, MSc(econ) Private Address: Kastrupvej 11, DK-8544 Moerke, Denmark Private Phone: Private Fax: Birth date: April 2 nd, Affiliation: Department of Economics and Business, Aarhus University, Fuglesangs Allé 4, DK 8210 Aarhus V. Phone: Research Area Firm performance and corporate governance Industrial Economics Economics of innovation and R&D Management, Promotion and Gender Regional economics, growth and inequalities Analyses of the wine market Academic Experience : Assistant teacher (timelærer), Kolding School of Business : Research fellow, The Danish Institute of Border Region Studies : Assistant teacher (timelærer), Southern Denmark School of Business, Kolding.

2 : Assistant teacher (timelærer), Southern Denmark School of Business, Sønderborg : Assistant professor (full time teacher), Southern Denmark School of Business, Sønderborg : Consultant for the Model Group, The Danish Institute of Border Region Studies : Associate professor, Southern Denmark School of Business : Consultant for the Model Group, The Danish Institute of Border Region Studies : Research Director, The Danish Institute of Border Region Studies : Associate professor, Dept. of Applied Economics, Aarhus School of Business : Research Director (vice Execute Director), The Danish Institute for Studies in Research and Research Policy, Aarhus : Consultant, The Danish Institute for Studies in Research and Research Policy : Associate professor, Dept. of Economics, Aarhus School of Business : Associate professor, Cat. III, Dept. of Economics, Aarhus School of Business Associate Professor, Cat. C, Dept. of Economics, Aarhus School of Business 2009 Professor, Dept. of Economics, Aarhus School of Business, University of Aarhus Administrative Experience Head of The Study Board for Bachelor Studies, Southern Denmark School of Business, Research Director, The Danish Institute of Border Region Studies, Member of The Government Committee on A Market-Oriented Tax Policy, Member of the Study Board of the HA-Bachelor-studies, Aarhus School of Business, Head of Institute, Department of Applied Economics, Aarhus School of Business, Research- & Vice Executive Director, The Danish Institute for Studies in Research and Research Policy, (In charge of The Official Danish R&D Statistics).

3 Head and (co-owner) of the Consultant Firm: Smith & Smith Research. Services for e.g. Municipality of Aarhus, various Counties, Evalueringsinstituttet Copenhagen (EVA) Member of The Government Committee on Pesticides: The Sub-committee for Production, Economy and Employment Member of the Editorial Commitee for the Project Science and technology indicators in the Nordic countries. Project funded by The Nordic Council of Ministers 1999/2000 Member of the Programme Committee of the research programme Jordbruget i Landdistrikternes Økonomi, The Danish Ministry of Food, Farming and Fisheries, Appointed by the Danish Government to the ETAN expert group on Benchmarking Science and Technology Productivity , European Commision. Chairman for the project under Det Jydsk/Fynske Erhverserhvervssamarbejde concerning establishing a Research center for Regional growth and Development, August Member of the task force on Detailhandlens rolle i jord til bord kæden under Fødevarepolitisk Forum (Analysis of Potential Buyer Power at the retail level for food producers) (This initiative was removed by the new Danish Government in dec.2001) Co-owner of the Publishing Company Handelsvidenskab, Ltd, Established Teaching experience 1. Southern Denmark School of Business, Kolding (Department of The Copenhagen Business School) , by education: HD-Education: Lectures in Macro Economics. Erhvervsanalytiker (Bachelor-education like HA): Lectures in Macro Economics, Descriptive Economics. Business language: Lectures in Macro Economics, Descriptive Economics. 2. Kolding School of Business (High school level), : Mathematics. Descriptive Economics. Economic Geography. 3. Southern Denmark School of Business, Sønderborg , by education: HD-Education: Lectures in Macroeconomics.

4 HA (Bachelor-education): Lectures in Micro- and Macro Economics and seminar discussions The Engineer School of Sønderborg, : Economics. 5. The Aarhus School of Business, , by education: HA (Bachelor-education): Lectures in Descriptive Economics, Practices in Descriptive Economics, Seminars. Cand. Merc. Education (Graduate teaching): Lectures in Business Cycle Forecasting and Long Term Projections; Lectures in Industrial Economics. 6. University of Århus, Department of Economics, : Economics for Law students: Practises. 7. The Aarhus School of Business, Aarhus University: fall 2001 spring 2012, by education: BsC 1.year (Bachelor-education): Seminars and Lectures in Descriptive Economics. BsC 3.year (Bachelor-education): Lectures in Firm, Market and Competition (elective course in law and Economics). Industrial Economics BsC 2.year Industrial Economics Guidance: Bachelor thesis. Cand. Merc. Education (Graduate teaching): Lectures in Industrial Economics and Theory of the Firm (compulsory course at the graduate level with approx. 150 students), Guidance MSc dissertations, economics, law and econmics. Law and Economics (Graduate teaching, Bachelor-educations) PhD supervision Censorship, evaluation committees and refereeing Censorship for The Engineering School Aarhus: Economic and Law, Censorship for The Faculty of Science and The Faculty of Social Science, University of Aarhus: Economics, 1997-present Censorship for The Faculty of Social Science, University of Copenhagen Various Evaluation committees: The Aarhus School of Business (Ph.D, assistant and associate. Professor), Institute for Border Region Studies, Aabenraa (research fellows), Department of Economics (Ph.D. dissertation), NIFU Oslo (senior consultant and researcher). University of Copenhagen (senior researcher), Southern Danish University

5 (associate professor). University of Copenhagen (Professor) 5 Reviewing for The American Economic Review, The Canadian Journal of Economics, Scandinavian Journal of Economics, Structural Change and Economic Dynamics, Nationaløkonomisk Tidsskrift (The Danish Economic Journal), Scandinavian Economic History Review, The Local Government Research Institute, Copenhagen, The Annals of Regional Science, Edward Elgar Publishing, London, Economics of Innovation and New Technology, International Journal of the Economics of Business, Tourism Management, International Journal of Wine Business Research, Feminist Economics. Awards First price in the 50 years Anniversary contest of the Aarhus Scholl of Business: The Potential Influence from Aarhus School of Business on the growth and industry structure in the future. (With Kristian Rask Petersen). First price. The VDQS-price for the best paper of the 5 th International Conference of Oenometrics, Thessaloniki, October (With Jan Bentzen and Tor Eriksson). Publications (Note that some of the working papers, mimeos etc. are also included under the categories Articles in scientific journals, popular journals. Also some of the papers have been published in more than one working paper series) Articles in scientific journals 1. Mobilitet og uddannelse. Nationaløkonomisk Tidsskrift 1986 nr. 3 samt 1987 nr p. (The Danish Economic Journal), (With Nina Smith). 2. En empirisk model for grænsehandel. Nationaløkonomisk Tidsskrift nr. 2, (The Danish Economic Journal), 10 p. 3. Growth and Convergence in Danish Regional Incomes". Scandinavian Economic History Review, Vol. XLII, No 1, 1994 (With Mogens Dilling-Hansen and Kristian Rask Petersen). 4. Regional mobilitet i Danmark, Nationaløkonomisk Tidsskrift, no , pp (The Danish Economic Journal). (With Mogens Dilling-Hansen) 5. Regional Income Effects and renewable fuels, Energy Policy, Vol. 25, no 2, pp , (With Jan Bentzen og Mogens Dilling-Hansen) 6. Virksomhedstilgang, vækst og konkurrence i industrien, Nationaløkonomisk Tidsskrift nr. 1, 1997 (The Danish Economic Journal). (With Mogens Dilling-Hansen and Erik

6 Strøjer Madsen) 6 7. Rational Addiction and Alcohol Consumption: Evidence from the Nordic Countries. Proceedings of the 5 th International Conference of Oeconometrics, Thessaloniki, October Awarded With the VDQS-price as the best paper of the conference. Also published by Dipartemento Di Scienze Economiche, Universita di Verona, Verona, Italy, 19 p. Journal of Consumer Policy, 22, , (With Jan Bentzen and Tor Eriksson) 8. Testing the BETA-convergence Hypothesis on the Alcohol Consumption in the European OECD Countries, Proceedings of the 5 th International Conference of Oeconometrics, Thessaloniki, October Also published in Cahiers de l IECV no 2, 1998, I.E.C.V, Strassbourg, 14 p. (With Jan Bentzen, Niels Nannerup) 9. Konkurrenceforholdenes betydning for danske virksomheders produktivitet. Nationaløkonomisk Tidsskrift No 136, pp , 1998 (The Danish Economic Journal). (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 10. Alcohol Consumption and Drunken Driving in the Nordic Countries An empirical Analysis. Paper prepared for the VDQS 6 th Oenometri Conference in Ajaccio, October Later published in Les Cahiers De L'ocve, no. 3, March (With Jan Bentzen, Tor Eriksson) 11. Hvad bestemmer omfanget af FoU i virksomhedens FoU investeringer? Nationaløkonomisk Tidsskrift, vol. 137, pp , (The Danish Economic Journal), (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 12. Markedskræfter og politisk styring - Den regionaløkonomiske udvikling i Hovedstadsområdet og det øvrige land. Nationaløkonomisk Tidsskrift 1999/3. (The Danish Economic Journal) (boganmeldelse) 13. Spillovers in R&D Activities: An Empirical Analysis of the Nordic Countries. I: International Advances in Economic Research. 2001, 7, 2, s (With Jan Bentzen) 14. The Impact of R&D on Productivity: Evidence from Danish Manufacturing Firms, Research Note, International Advances in Economic Research, Volume 6, no. 2., August (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 15. The short-run Impact of Business Sector R&D activities on total factor productivity: Empirical evidence from the Danish economy. Journal of Global Business vol 12 no (With Jan Bentzen) 16. Investment in R&D and Corporate Governance, Paper presented at Corporate Governance Workshop, Berlin, November DIW Quarterly Journal of Economic Research, as Proceedings of the 3 rd Workshop on Corporate Governance in Europe, vol 2001,II. (With Erik Strøjer Madsen and Mogens Dilling-Hansen). 17. Determinants of board and CEO turnover in Denmark. Empirica 28, 2001 (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen). 18. Produktivitetsforskelle mellem danske virksomheder- afhængighed af brancheforhold. Nationaløkonomisk Tidsskrift 2001/4. (The Danish Economic Journal). (With Mogens Dilling-Hansen, Tor Eriksson and Erik Strøjer Madsen). 19. Alcohol consumption in European Countries - time series based tests of convergence. Cahiers d Economie et Sociologie Rurales no , (With Jan Bentzen and Tor

7 Eriksson) Overskud og vækst i den nye økonomi, Ledelse og Erhvervsøkonomi, no , (The Danish Journal of Management Studies). (with Erik Strøjer Madsen). 21. Skaber den nye Økonomi højere produktivitet, Ledelse og Erhvervsøkonomi, no , (The Danish Journal of Management Studies). (with Mogens Dilling-Hansen and Erik Strøjer Madsen). 22. Does location matter for firm R&D behaviour? Some empirical Evidence, Oct Regional Studies. 2002, 36, 8, s (With Anni Lene Broberg and Jesper Overgård). 23. French nuclear testings and consumption of French Wine. International Journal of Wine Marketing. 2002, 14, 3, s (with Jan Bentzen). 24. Efficiency, R&D and Ownership - Some Empirical evidence. International Journal of Production Economics. 2003, 83, 1, s (with Mogens Dilling-Hansen and Erik Strøjer Madsen). 25. R&D and Productivity in Danish Firms: Some Empirical Evidence. Applied Economics 2004, 36, pp , (with Mogens Dilling-Hansen, Tor Eriksson and Erik Strøjer Madsen. 26. A Comparative Study of Wine Auction Prices - Mouton Rothschild Premier Cru Classé. (With Jan Bentzen). International Journal of Wine Marketing, Vol. 16, number Persistence in Corporate Performance? Empirical Evidence from Panel Unit Root Tests (with Jan Bentzen, Erik Strøjer Madsen & M. Dilling-Hansen), Empirica, : pp Short-run and long-run relationships in the consumption of alcohol in the Scandinavian countries (with Jan Bentzen), The Danish Economic Journal, Number Do women in top management affect firm performance? A panel study of 2500 Danish frims. (with Nina Smith & Mette verner), International Journal of Productivity & Performance Management Vol. 55 No. 7, 2006 pp The Growth Opportunities for SME s (with Jan bentzen & Erik Strøjer Madsen), Journal of Business Economics and Management 2006, Vol VII, no Do the Scandinavian Consumers pay a fair price for premium German white wines? (with Jan Bentzen), AgrarwirtschaftJhargang 55 (2006), Heft 8 von Why have some firm several owners? (with Erik Strøjer Madsen and Mogens Dilling- Hansen), Journal of Corporate Ownership and Control, Vol 4, Issue The military action in Iraq 2003: Did the US consumers boycott of French wines have any economic effects? (with Jan Bentzen) The Journal of wine Economics, Vol 2 no Gavner god ledelse bundlinien?, Ledelse og erhvervsøkonomi 1/2007, (The Danish Journal of Management Studies) with Tor Eriksson. 35. Do Expert Ratings or Economic Models explain Champagne Prices? International Journal of Wine Business Research volume 20 issue 3, 2008), With Jan Bentzen

8 36. An empirical analysis of the relationship between the consumption of alcohol and liver cirrhosis mortality, Enometrica Vol 1, no. 2, 2008 (with Jan Bentzen) Hvilke ledelsesværktøjer virker i private og offentlige organisationer? En empirisk undersøgelse af Værdibaseret ledelse og New Public Management værktøjer. Ledelse og Erhvervsøkonomi (The Danish Journal of Management Studies), 75, 1, s , (with Anne Marie Smith) 38. Which factors influence the quality of wine produced in new cool climate regions, Forthcoming in International Journal of Wine Business Research, (with Jan Bentzen) 39. Alcohol consumption and liver cirrhosis mortality: New evidence from a panel data analysis for sixteen European countries. Forthcoming in Journal of Wine Economics 2011 (with Jan Bentzen) 40. The gender pay gap in top corporate jobs in Denmark - glass ceilings, sticky floors or both? International Journal of Manpower (2) (with Nina Smith and Mette Verner). 41. Do firm's growth rates depend on firm size? Small Business Economics. Volume 39, Issue 4 (2012) Page (with Jan Bentzen and Erik Strøjer Madsen) 42. "Why Are so Few Females Promoted into CEO and Vice-President Positions? Danish Empirical Evidence ", forthcoming in Industrial and Labor Relations Review (with Nina Smith and Mette Verner) Articles in popular journals 43. SØREN - en økonomisk model for Sønderjylland. Populærvidenskabelig artikel. PLUK nr.1, p. 44. Det Skæve Danmark (Sønderjyske kommuner) i Pluk fra forskningen i Sønderjylland, nr 1991:3, Institut for Grænseregionsforskning, 1991, 10 p. (With Mogens Dilling- Hansen and Kristian Rask Petersen). 45. Hvem flytter ved fyringer? Økonomi og Politik nr (Danish Journal for Political Economy). (With Mogens Dilling-Hansen and Kristian Rask Petersen). 46. Økonomi, holdninger og barrierer ved indførelse af en bæredygtig energiforsyning. Økonomi og Politik 1995, nr. 4, december (Danish Journal for Political Economy). (With Mogens Dilling-Hansen and Jan Bentzen) 47. Er danske virksomheder mindre innovative?, SamfundsØkonomen no.4, Juni (With Erik Strøjer Madsen and Anders Østergård Nielsen) 48. EU s Rammeprogrammer for forskning - til gavn for Dansk erhvervsliv? Økonomi og Politik. 2002, 3, november, s (The Danish Journal for Political Economy, (With Bettina Damm).

9 49. Smith, Valdemar - Hvilke områder i Danmark har "patent på patenter"? I: Økonomi & Politik. 2003, 4, s (The Danish Journal for Political Economy). With Jesper Højer & Erik Strøjer Madsen. 9 Anthologies, books and conference proceedings 50. Den regionale erhvervs- og indkomstudvikling Handelshøjskolen i Århus, 50-års jubilæums festskrift, ISBN , 41 p. (With Kristian Rask Petersen). 51. Analyser til identifikation af økonomisk klemte kommuner. Symposium i Anvendt statistik, UNI*C, 1992, ISBN , 15 p. (With Mogens Dilling-Hansen and Kristian Rask Petersen). 52. Mobilitetsanalyse af fyringstruede ansatte på en større lokaltdominerende arbejdsplads. Symposium i Anvendt statistik, UNI*C, p. ( With Mogens Dilling-Hansen and Kristian Rask Petersen). 53. Factors Influencing Regional Migration: Empirical Evidence from Danish Municipalities". Symposium i Anvendt statistik, UNI*C, ISBN , 15 p. (With Mogens Dilling-Hansen and Kristian Rask Petersen). 54. Invited paper: Regional Income Effects of Increased Usage of Renewable Energy Sources Concerning Heating Purposes. Empirical Findings From a Danish Case Study. International Congress on Modelling and Simulation 1995, Proceedings, Vol. 4, pp (With Mogens Dilling-Hansen and Jan Bentzen) 55. Regionale flytninger i Danmark i G. Kristensen (red.), Symposium i Anvendt statistik, Odense Universitet, 1996, pp (With Mogens Dilling-Hansen) 56. Entry into Danish Manufacturing Industries". Paper presented at the CAEDconference, p. Later published in Laaksonen, S. (Ed.): The Evolution of Firms and Industries, Helsinki (1997), pp (With Erik Strøjer Madsen and Mogens Dilling-Hansen) 57. Entry and Exit in Danish Manufacturing Industries. Proceedings of the 1996 Conference of Associations for Global Business, School of Business Administration, University of Montana-Missoula, 1996, pp (Modified version CAEDconference paper). (With Erik Strøjer Madsen and Mogens Dilling-Hansen) 58. Regional Income Growth and Convergence, i Sorensen C. (Ed): Empirical Evidence of Regional Growth - The Centre-Periphery Discussion, pp , København (With Mogens Dilling-Hansen) 59. R&D, Productivity Growth and Competition - What can we use the R&D Statistics for? Proceedings of The 3 rd CEIES seminar on Statistics on Research and Development, Aarhus, november EUROSTAT (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 60. Productivity, Competition, Financial Pressure and Corporate Covernance - Some Empirical Evidence. Presented at The 3 rd International Conference on Comparative Analysis of Enterprise (Micro)data, Bergamo, December In "Micro and Macrodata, Statistical Analysis and International Comparison", Silvia Biffigandi (Editor),Physica-Verlag (Springer-Verlag), (With Mogens Dilling-Hansen, Tor

10 Eriksson, Erik Strøjer Madsen) Growth and Convergence in Scandinavian Regional Incomes, In: Annual Symposium in Applied Statistics ISBN , pp (With Mogens Dilling- Hansen) 62. Productivity Growth and R&D - using alternative measures of R&D capital. Annual Symposium in Applied Statistics, ISBN (With Mogens Dilling- Hansen, Tor Eriksson, Erik Strøjer Madsen) 63. The Influence of Competition and Ownership Structure on the Performance of Danish Firms, WP Department of Economics, The Aarhus School of Business, 1999, pp Also published in Selected Papers and Abstracts of The Conference of The Association for Global Business, Las Vegas, November, Edited by Goddard, R.D and Walker, J.A. (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 64. A comparison of the Business Enterprise Sector R&D in the Nordic Countries, In Science and technology indicators in the Nordic countries. Ed. Wille Maus, K et al., The Nordic Council of Ministers, Oslo, Danske virksomheders effektivitet og investeringer i forskning og udvikling. Annual Symposium in Applied Statistics, p , ISBN , Copenhagen Iværksættere og jobskabelse i Danmark - en registerbaseret analyse. I: Symposium i Anvendt Statistik, Niels Kærgaard (red.). Kbh.: Kgl. Veterinær- og Landbohøjskole, s (With Mogens Dilling-Hansen & Jan Bentzen) 67. Skaber erhvervsklynger øget vækst og produktivitet? Nogle erfaringer for Danmark i 1990erne. I: Konference om regional udvikling. Kbh.: Indenrigs- og Sundhedsministeriet, (With Mogens Dilling-Hansen & Erik Strøjer Madsen). 68. Wine in the Nordic Countries Historical trends in the development of wine consumption, prices and taxation. In The Global wine Markets Ed. Kym Andersen, University of Adelaide. Edward Elgar Publishers, London 2004, (with Jan Bentzen). 69. Top Management, Education and Networking. In The modern Firm, Corporate Governance and Investment Ed. Dennis Müller, University of Vienna and Per Oluf Bjuggeren, Jönköping International Business School, E. Elgar Publishing, London, (With Mogens Dilling-Hansen and Erik Strøjer Madsen). Working papers in official working paper series (latest update 2009) 70. Sammenbindingsrelationer i SØREN. Modelpapir nr. 3, Institut for Grænseregionsforskning, 1982, 41 p. 71. Estimation af en input-output tabel for Sønderjylland. Modelpapir nr. 2, Institut for Grænseregionsforskning, 1983, 105 p.

11 72. Estimation af nationalregnskabsdata for Sønderjylland. Modelpapir nr. 7, Institut for Grænseregionsforskning, p. (With Peder Møller and Jørgen Damgård). 73. En økonometrisk model for Sønderjylland. Estimation og prognoser Modelpapir nr. 8, Institut for Grænseregionsforskning, p. (With Peder Møller and Jørgen Damgård). 74. Efterspørgsel efter arbejdskraft i Sønderjyllands nationalregnskabsmodel. Modelpapir nr. 9, Institut for Grænseregionsforskning, p. (With Peder Møller). 75. Udvalgte multiplikatorer i SØREN. Modelpapir nr. 11, Institut for Grænseregionsforskning, p. (With Jørgen Damgård) 76. Kortere arbejdstid - flaskehalsproblemer. Arbejdspapir nr. 26, Institut for Grænseregionsforskning, p. (With Nils Groes, Jørgen Damgård et al). 77. Bilag til analyser af arbejdstidsforkortelse og flaskehalsproblemer. Modelpapir nr. 14. Institut for Grænseregionsforskning, p. (With Nils Groes, Jørgen Damgård et al). 78. Mobiliteten blandt beskæftigede lønmodtagere i Sønderjylland. Arbejdspapir nr. 35. Institut for Grænseregionsforskning, p. (With Mogens Dilling-Hansen). 79. En model for grænsehandlen. Modelpapir nr. 23, Institut for Grænseregionsforskning, p. 80. Den uddannelsesbetingede fleksibilitet på det danske arbejdsmarked. Arbejdspapir nr. 38, Institut for Grænseregionsforskning, (With Nina Smith) 81. Punktafgifter og brancheindtjening i engros- og detailhandel. Skrift-serie C, nr. 34, Institut for Erhvervs- og Samfundsbeskrivelse, Handelshøjskolen i Århus, juni p. 82. Gælder "Catch up"-hypotesen for indkomstudviklingen i Danske amter?. Skriftserie C, nr. 48, Institut for Erhvervs- og Samfundsbeskrivelse, Handelshøjskolen i Århus, januar p. (With Kristian Rask Petersen) 83. Færdigvarelagre, ordrebeholdning og efterspørgsel efter arbejdskraft på kort sigt. Skriftserie C, nr. 51, Institut for Erhvervs- og Samfundsbeskrivelse, Handelshøjskolen i Århus, p. 84. Lokaløkonomiske virkninger af væsentlige arbejdspladsreduktioner i lokalt dominerende virksomheder. Skriftserie C, nr. 55, Institut for Erhvervs- og Samfundsbeskrivelse, Handelshøjskolen i Århus, juni p. (Uddrag af Karupområdet og Flyvestationen), (With Mogens Dilling-Hansen and Kristian Rask Petersen). 85. Mobilitetsanalyse af fyringstruede ansatte på en større lokalt dominerende arbejdsplads. IFV-skrifter , Institut for Virksomhedsledelse, Århus Universitet, p. (With Mogens Dilling-Hansen and Kristian Rask Petersen). 86. Testing the Catch-Up Hypothesis on Danish Regional Data, Institut for Virksomhedsledelse, Århus Universitet, p. (With Mogens Dilling-Hansen and Kristian Rask Petersen). 87. Estimating Inter-Regional Migration using a Hiring Function Approach, AFV-Skrifter , Department of Management, University of Aarhus, 1996, 23 p. (With Mogens 11

12 Dilling-Hansen) Firm Productivity Growth and Competition. Discussion Papers 97-22, Centre for Industrial Economics, Institute of Economics, University of Copenhagen, (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 89. Kan den økonomiske teori forklare omfanget af forskning og udvikling i danske virksomheder? Analyseinstitut for Forskning, Rapport nr. 1998/6. (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 90. Market Structure, Publicly and Privately Financed R&D Spending - Empirical Evidence for Denmark. Conference paper presented at The 25 th Annual Conference of European Association for Research in Industrial Economics, Copenhagen August 27-30, The Annual Meeting of the Southern Economic Association. November 8-10, Discussion paper 1998:20, Centre for Industrial Economics, University of Copenhagen. (With Mogens Dilling-Hansen,Tor Eriksson, Erik Strøjer Madsen) 91. The impact of R&D on Productivity: Evidence from Danish Manufacturing Firms', presented at The 26th Annual Conference of European Association for Research in Industrial Economics, Torino September 4-7, 1999 and CAED'99 in The Haque, The Netherlands, August, Published as Working Paper 1999/1, The Danish Institute for Studies in Research and Research Policy, (With Mogens Dilling- Hansen, Tor Eriksson, Erik Strøjer Madsen) 92. The impact of government R&D - some empirical evidence, Working Paper 99/4. Department of Economics, The Aarhus School of Business. (With Jan Bentzen) 93. An Empirical Analysis of R&D Expenditure in the Nordic Countries. Paper prepared for The International Atlantic Economic Society Conference in Montreal, Canada, 7-10 October, Published as Working Paper 1999/2, The Danish Institute for Studies in Research and Research policy, (With Jan Bentzen) 94. Performance of Patenting Firms, Paper prepared for The 27th Annual Conference of European Association for Research in Industrial Economics, Lausanne, Switzerland, September 7-10, Working paper 2000:2 The Danish Institute for Studies in Research and Research Policy. (With Erik Strøjer Madsen and Anders Østergård Nielsen). 95. Patenter og FoU I Danmark- en sammenligning med de øvrige skandinaviske lande, April 2000, Rapport 2000/5, Analyseinstitut for Forskning. (With Erik Strøjer Madsen and Anders Østergård Nielsen) 96. Dansk udbytte af forskningssamarbejde I EU En analyse af hvorledes det europæiske forskningssamarbejde påvirker den nationale forskning, Rapport nr. 2000/2 Analyseinstitut for Forskning, April (With Bettina Damm, Ebbe Graversen and Karen Siune) 97. International Research Cooperation, Spillovers and Competition - Some Empirical Evidence from the EU 4 th Framework Programme, Paper prepared for The 27th Annual Conference of European Association for Research in Industrial Economics, Lausanne, Switzerland, September 7-10, Working paper 2001:1 The Danish Institute for Studies in Research and Research Policy. (With Bettina Damm, Ebbe Graversen and Jesper Overgård) 98. Produktivitetsforskelle mellem danske virksomheder- afhængighed af brancheforhold, see no.18., Working paper 00/4, Department of Economics, The Aarhus School of

13 Business (With Mogens Dilling-Hansen, Tor Eriksson and Erik Strøjer Madsen) The regional influence on R&D behaviour. Evidence from Danish Firms, WorkingPaper 2000:3, The Danish Institute for Studies in Research and Research Policy, (With Anni Lene Broberg and Jesper Overgård) 100. R&D and Productivity in Danish Firms: Some Empirical Evidence, WorkingPaper 2000:4, The Danish Institute for Studies in Research and Research Policy, (With Mogens Dilling-Hansen, Tor Eriksson & Erik Strøjer Madsen) Sakker de danske offentlige forskningsbevillinger Bagud? En komparativ anase af kortsigtstendenser i Finanslovens forskningsbevillinger. Working Paper 01/11. Department of Economics, The Aarhus School of Business. (With Jan Bentzen) 102. Did the French Nuclear Tests under the Muroroa Atoll affect the Export of French Wine to Denmark? Working Paper 01/9. Department of Economics, The Aarhus School of Business. (With Jan Bentzen) 103. An empirical analysis of the effect of labour market characteristics on marital dissolution rates. Working paper / Department of Economics, The Aarhus School of Business; 02-14, ( With Jan Bentzen) A Comparative Study of Wine Auction Prices - Mouton Rothschild Premier Cru Classé. Working paper / Department of Economics, Aarhus School of Business; 03-22, (With Jan Bentzen) An empirical analysis of the interrelations among the export of red wine from France, Italy and Spain. Working paper / Department of Economics, The Aarhus School of Business; 02-8, (With Jan Bentzen) Prices of French Icon Wines and the Business Cycle: Empirical Evidence from Danish Wine Auctions. CIES Discussion paper; 0224, Adelaide University, (With Jan Bentzen & Leth-Sørensen, Søren) Regional income convergence in the Scandinavian countries. Working paper / Department of Economics, Aarhus School of Business; 03-20, (With Jan Bentzen) Wine prices in the Nordic countries: Are they lower than in the country of origin? CIES Discussion paper; 0223, Adelaide University, (With Jan Bentzen) 109. Does the New Economy Create Higher Productivity? Discussion paper / Centre for Industrial Economics, Institute of Economics, University of Copenhagen; , With Mogens Dilling-Hansen & Erik Strøjer Madsen) Are Ownership Structures Risk- & Wealth-Constrained? Discussion paper / Center for Industrial Economics, Institute of Economics, University of Copenhagen; , (With Erik Strøjer Madsen & Mogens Dilling-Hansen) Export performance and investment in R&D. Working paper / Analyseinstitut for Forskning; 04, (With Erik Strøjer Madsen & Mogens Dilling-Hansen) Industrial Clusters, Firm Location and Productivity - Some Empirical Evidence for Danish Firms. Working paper / Department of Economics, Aarhus School of Business; 03-26, (With Erik Strøjer Madsen & Mogens Dilling-Hansen).

14 113. A Comparative Study of Wine Auction Prices - Mouton Rothschild Premier Cru Classé. Working paper / Department of Economics, Aarhus School of Business; 03-22, (With Jan Bentzen) Regional income convergence in the Scandinavian countries. Working paper / Department of Economics, Aarhus School of Business; 03-20, (With Jan Bentzen) Short-run and long-run relationships in the consumption of alcohol in the Scandinavian countries. Working Paper / Department of Economics, Aarhus School of Business; 04-14, 2004 (with Jan Bentzen) 116. Persistence in Corporate Performance? Empirical Evidence from Panel Unit Root Tests. Working Paper / Department of Economics, Aarhus School of Business; 04-15, 2004 (with Jan Bentzen, Erik Strøjer Madsen & M. Dilling-Hansen 117. Til gavn for bundlinjen: Forbedrer kvinder i topledelse og bestyrelse danske virksomheders bundlinje? (with Verner Mette ; Kossowska Anna Maria and Nina Smith), WP 2005:5 Department of Economics, Aarhus School of Business Do Women in Top Management Affect Firm Performance? A Panel Study of 3500 Danish Firms, (with Verner Mette and Nina Smith), IZA, Discussion Paper no 1708, Bonn Explaining Champagne Prices in Scandinavia: What is the best predictor, WP 2007:7 Department of Economics, Aarhus School of Business (with Jan Bentzen) Women in Top Management and Firm Performance, WP 2008:12 Department of Economics, Aarhus School of Business (with Mette Verner & Nina Smith) Gender Differences in Promotion into Top-management Jobs, Forthcoming WP 2008, Department of Economics. Aarhus School of Business (with Mette Verner, Nina Smith & Linda Bell) Commercialization of innovations and Firm Performance, WP 2008:26 Department of Economics, Aarhus School of Business (with Erik Strøjer Madsen) 123. An empirical analysis of the relationship between the consumption of alcohol and liver cirrhosis mortality, WP 2008:26 Department of Economics, Aarhus School of Business (with Jan Bentzen). Textbooks and other teaching material 124. Opgavesamling i Nationaløkonomi for HA 1. og 2. semester. Undervisningsmateriale, Handelshøjskoleafdelingen i Sønderborg, En kort indføring i lineær algebra. Undervisningsmateriale. Handelshøjskoleafdelingen i Sønderborg, p.

15 126. En note om input-output modeller. Undervisningsmateriale. Handelshøjskoleafdelingen i Sønderborg, p Keynes investeringsteori. Undervisningsmateriale. Handelshøjskoleafdelingen i Sønderborg, p En note om pengeteori og pengepolitik. Undervisningsmateriale, Sønderborg Teknikum, p Rewriting and revision of ch. 6: Fremstillingsvirksomhed, ch. 7: Bygge- og anlægsvirksomhed samt boligforhold, ch. 8: Handel og transport, ch. 16: Konjunkturanalyser, (with Hans E. Zeuthen and Niels Westergård Nielsen, from who I took over the chapters) in Erik M. Boye, (red), Beskrivende Økonomi, (Descriptive Economics),3. Edition, Jurist og økonomforbundets Forlag, Rewriting and revision of ch. 6: Fremstillingsvirksomhed, ch. 7: Bygge- og anlægsvirksomhed samt boligforhold, ch. 8: Handel og transport, ch 14: Konjunkturanalyser, in Hans Linderoth, (red), Beskrivende Økonomi, (Descriptive Economics),4. Edition, Jurist og økonomforbundets Forlag, Rewriting and revision of ch. 6: Fremstillingsvirksomhed, ch. 7: Bygge- og anlægsvirksomhed samt boligforhold, ch. 8: Handel og transport and ch. 14: Konjunkturanalyser, in Hans Linderoth (red.): Beskrivende Økonomi (Descriptive Economics), 5. Edition, Jurist- og Økonomforbundets forlag, p Rewriting and revision of ch. 12: Fremstillingsvirksomhed (With Bent Dalum), ch. 13: Bygge- og anlægsvirksomhed samt boligforhold, ch. 14: Private serviceerhverv and ch. 16: Konjunkturanalyser, in Torben Andersen (red.): Beskrivende Økonomi (Descriptive Economics), 6. Edition, Jurist- og Økonomforbundets forlag, The Danish Economy 2 nd edition (with Torben Andersen, Bent Dalum, Hans Linderoth and Niels Westergård-Nielsen), Djøf Publishing Copenhagen, Ch. 9. Vækst viden og Innovation, Ch. 10 Konjunkturanalyser, Ch. 11 Erhvervsstruktur (with Hans Linderoth), Ch. 14 Bygge- og anlægsvirksomhed og Boligforhold, Ch. 15 Private serviceerhverv i Beskrivende Dansk Økonomi. Andersen, Torben M.; Westergård-Nielsen, Niels; Smith, Valdemar; Linderoth, Hans - Århus, Handelsvidenskab, s Rewriting and revision: Ch. 9. Vækst viden og Innovation, Ch. 10 Konjunkturanalyser, Ch. 11 Erhvervsstruktur (with Hans Linderoth), Ch. 14 Bygge- og anlægsvirksomhed og Boligforhold, Ch. 15 Private serviceerhverv i Beskrivende Dansk Økonomi. 2 nd edition. In: Andersen, Torben M.; Westergård-Nielsen, Niels; Smith, Valdemar; Linderoth, Hans - Århus, Handelsvidenskab, s. (textbook) 136. Rewriting and revision: The Danish Economy (with Torben Andersen, Bent Dalum, Hans Linderoth and Niels Westergård-Nielsen), Djøf Publishing Copenhagen, Rewriting and revision: Ch. 9. Vækst viden og Innovation, Ch. 10 Konjunkturanalyser, Ch. 11 Erhvervsstruktur (with Hans Linderoth), Ch. 14 Bygge- og anlægsvirksomhed og Boligforhold, Ch. 15 Private serviceerhverv i Beskrivende Dansk Økonomi. 2 nd edition. In: Andersen, Torben M.; Westergård-Nielsen, Niels; Smith, Valdemar; Linderoth, Hans - Århus, Handelsvidenskab, s. (textbook) 138. The Danish Economy, 3 rd edition (with Torben Andersen, Bent Dalum, Hans Linderoth and Niels Westergård-Nielsen), Djøf Publishing Copenhagen, 2010

16 139. Rewriting and revision: Ch. 9. Vækst viden og Innovation, Ch. 11 Erhvervsstruktur (with Hans Linderoth), Ch. 14 Bygge- og anlægsvirksomhed og Boligforhold, Ch. 15 Private serviceerhverv i Beskrivende Dansk Økonomi. 2 nd edition. In: Andersen, Torben M.; Bentzen, J., Westergård-Nielsen, Niels; Smith, Valdemar; Linderoth, Hans - Århus, Handelsvidenskab, s. (textbook) 16 Collection, production and publication of official Danish R&D statistics 140. R&D Statistics , Research And Development in Denmark, pocket guide, Analyseinstitut for Forskning (With Jacob Jensen) 141. Nordisk FoU-statistik for 1995 og Statsbudgetanalyse 1997, Analyseinstitut for Forskning Tables also published in Nordic Statistical Yearbook, Danmarks Statistik. (Editor, with Anne-Mette Pedersen) 142. Erhvervslivets Forskning og Udviklingsarbejde, Forskningsstatistik 1997, august (With Jacob Jensen) 143. Forskning og udviklingsarbejde i den offentlige sektor, Forskningsstatistik 1997, december (With Jacob Jensen et al.) 144. Nordisk FoU-statistik for 1997 og Statsbudgetanalyse 1999, Analyseinstitut for Forskning Tables also forthcoming in Nordic Statistical Yearbook, Danmarks Statistik. (Editor, with Kasper Nielsen) 145. Offentligt Forskningsbudget 2000, Analyseinstitut for Forskning (With Bettina Dam and Peter C. Bason) Other publications (mimeos, conference papers, reports) (latest update 2009) 146. Thesis, master degree: Interrelated Factor Demand (in Danish). Interreleret faktorefterspørgsel, en teoretisk og empirisk analyse (Upubliceret, Økonomisk Institut, Århus Universitet), 1980, 210 p Datagrundlaget for simulationer med SØREN. Notat, Institut for Grænseregionsforskning, p. (With Peder Møller) Sønderjyllands erhvervsudvikling og uddannelsespolitik - et eksempel på regional planlægning (populærvidenskabelig artikel). Publiceret i årsberetningen fra Institut for Grænseregionsforskning, 1983 samt i "Arbejdsløshed - årsager, virkninger, bekæmpelse", Arbejds- og Undervisningsministeriet, p. (With Nils Groes, Peder Møller and Karen Restad) Efterspørgsel efter produktionsfaktorer i dansk industri. Upubliceret arbejdspapir, Handelshøjskole Syd, p. (With Nina Smith) 150. Handelshøjskolens Potentielle indflydelse på den fremtidige erhvervsudvikling og struktur. Prisopgave i anledning af Handelshøjskolen i Århus, 50-års jubilæums. 1.præmie, p. (With Kristian Rask Petersen).

17 151. Københavnersyge vil trække landet skævt. Sparekassen, juni p. (With Kristian Rask Petersen) 152. Skal Jylland redde betalingsbalancen?. Forskningsnyt nr. 13 HHÅ (With Kristian Rask Petersen) 153. Det skæve Danmark - en undersøgelse af økonomisk klemte kommuners indkomst-, erhvervs-, uddannelses- og serviceniveau Udgivet af Kommunesammenslutningen 'Det Skæve Danmark' 80 p. (With Mogens Dilling- Hansen and Kristian Rask Petersen) Samme service, samme skat i Danske kommuner nr. 35, 1991, 2 p. (With Mogens Dilling-Hansen and Kristian Rask Petersen) Karupområdet og Flyvestationen, p. Udgivet af Viborg Amt og Karup kommune (With Mogens Dilling-Hansen and Kristian Rask Petersen) Economic Factors influencing Regional Migration, ESPE-conference, Budapest, p. (With Mogens Dilling-Hansen and Kristian Rask Petersen) Interregional migration in Denmark, using a Hiring Function Approach, SEA- Conference, New Orleans, (With Mogens Dilling-Hansen and Kristian Rask Petersen) Beskæftigelsesanalyse , udarbejdet for Erhvervsfremmestyrelsen, (With Mogens Dilling-Hansen and Kristian Rask Petersen) Bæredygtig energiforsyning af landområder, baggrundsrapport 2.1: Lokal og energiøkonomiske analyser, (With Jan Bentzen and Mogens Dilling-Hansen) Bæredygtig energiforsyning af landområder, baggrundsrapport 2.2: Interviewundersøgelsens Hovedresultater (With Jan Bentzen and Mogens Dilling- Hansen) Bæredygtig energiforsyning af landområder, baggrundsrapport 2.3: Faktorer bag holdninger til generelle energipolitiske emner, (With Jan Bentzen and Mogens Dilling-Hansen) Bæredygtig energiforsyning af landområder, baggrundsrapport 2.4: Faktorer bag holdninger til opvarmning med vedvarende energiformer, (With Jan Bentzen and Mogens Dilling-Hansen) Bæredygtig energiforsyning af landområder, baggrundsrapport 2.5: Frekvenser på interview-undersøgelsen, (With Jan Bentzen and Mogens Dilling-Hansen) Amtskommunal udligning - En analyse af tilskuds- og udligningssystemet for amterne i Paper written for the counties of North-Jutland, Ringkoebing, Viborg and Aarhus, April p. (With Mogens Dilling-Hansen) 165. Amtskommunal udligning - er tilskuds- og udligningssystemet modent til udskiftning? April 1995, mimeo. (With Mogens Dilling-Hansen) 166. Erhvervsudviklingen i Århus Kommune siden 1984, august (With Mogens Dilling-Hansen and Jan Bentzen) 167. Midtvejsstatus 1995 for erhvervshandlingsplanen "Vækst i Århus" + bilag og resume, Published by Århus Kommune, august (With Mogens Dilling-Hansen 17

18 and Jan Bentzen) The Demand for Alcoholic Beverages in Denmark. Conference paper presented at the Southern Economic Association's Annual Meeting, New Orleans, (With Jan Bentzen) 169. A Comparative Study of the Demand for Alcoholic Beverages in Denmark, Norway and Sweden, The Aarhus Business School, 1996 mimeo. 34 p. (With Jan Bentzen and Niels Nannerup) 170. Privat-, samfunds- og lokaløkonomiske analyser. Bæredygtig energiforsyning af landområder (Project financed by The Danish Energy Reseach programme, EFP-93), november 1996, 27 p. (With Jan Bentzen and Mogens Dilling-Hansen) 171. Udbudsforhold og konkurrencesituationen i den danske træpillebranche. Bæredygtig energiforsyning af landområder (Project financed by The Danish Energy Reseach Programme, EFP-93), november p. (With Jan Bentzen and Mogens Dilling-Hansen) 172. Delrapport fase I. Bæredygtig energiforsyning af landområder (Project financed by The Danish Energy Reseach Programme, EFP-93), oktober (With Jan Bentzen and Mogens Dilling-Hansen) 173. Alcohol Consumption and Drunken Driving in The Scandinavian Countries, Conference paper, presented at the SEA's annual Meeting in Washington, November 1996, Working paper 97-1, Department of Economics, The Aarhus School of Business, 35 p. (With Jan Bentzen og Niels Nannerup) 174. Alderspukler ved de højere læreanstalter - er der noget om det? Notat 1998/1, Analyseinstitut for Forskning, 36 p. (With Karen Siune) 175. Tidsbegrænsede centre, problemer ved indlejring. Et case study af Dansk Center for Molekylær Gerontologi. Notat 1998/2, Analyseinstitut for Forskning. (With Karen Siune) 176. Firm Productivity Determinants - some empirical evidence. Paper prepared for Workshop Meeting on Corporate Governance in Cambridge, December 3-6, (With Mogens Dilling-Hansen, Tor Eriksson, Erik Strøjer Madsen) 177. Erhvervshandlingsplanen "Vækst i Århus II", Ekstern evaluering. Aarhus, November (With Mogens Dilling-Hansen and Jan Bentzen) 178. Efficiency in Danish Publishing & Printing Industries, Paper prepared for The 27th Annual Conference of European Association for Research in Industrial Economics, Lausanne, Switzerland, September 7-10, 2000 and at The 5 th International Conference on Comparative Analysis of Enterprise (micro)data CAED in Århus October (With Mogens Dilling-Hansen, Tor Eriksson and Erik Strøjer Madsen) 179. Iværksættere i Århus Kommune. I: Rapport til Århus Kommune, Erhvervsafdelingen, (With Jan Bentzen & Mogens Dilling-Hansen) Opgørelse af omfanget af EU-midler til Århus-regionen. I: Rapport til Århus Kommune/Århus Amt, (With Jan Bentzen & Mogens Dilling-Hansen) Government Budget Appropriations or Outlays on R&D in the Small North- European Countries. Stop-Go Policies or Steady Developments? Southern Economic

19 Association, San Antonio, Texas, USA, November 20-23, (With Jan Bentzen) Relative prices on overseas wines on the Nordic markets: Who bears the burden of the wine taxes? Oenometrics IX, Budapest, Maj, (With Jan Bentzen) Innovation Support, Spatial Distribution of Patents and Regional Economic Growth? Empirical Evidence for Denmark. Conference of Economists, Economic Society of Australia, Canberra, Australia, September, (Jesper Højer, Erik Strøjer Madsen) Influences of Market Structure and Firm Strategies on Patenting Activities in Danish Firms. Southern Economic Association Conference, San Antonio, Texas, USA, November 20-23, (With Erik Strøjer Madsen) Persistance in Firm Profit and Ownership Concentration. Workshop on Corporate Governance and Investment, Haus der Industrie, Vienna, December, 2003.(With Erik Strøjer Madsen & Mogens Dilling-Hansen) Vækst i Århus - Status og udviklingstendenser. I: Rapport til Århus Kommune, Erhvervsafdelingen, November (With Jan Bentzen & Mogens Dilling-Hansen) Virksomheders investeringer i FoU giver produktivitetsgevinster i VIDEN Regeringens videnstrategi viden i vækst. Baggrundsrapport januar 2003, Ministeriet for Videnskab, Teknologi og forskning Firm s Patent Performance. Does Corporate Location Matter? Conference of Economists, Economic Society of Australia, Canberra, Australia, September, (with Erik Strøjer Madsen) Forbedrer kvinder I ledelsen danske virksomheders bundlinie? En analyse af virksomhedernes performance og kvindeandelen i 2300 private danske virksomheders topledelse og bestyrelse. (sammen med Anna M. Kossowska, Nina Smith & Mette Verner), Århus Udkast til rapport for ligestillingsafdelingen i Socialministeriet Do Women in Top Management Affect Firm Performance? A panel Study of 2300 Danish Firms. (with Nina Smith & Mette Verner) Presented at the 6 th Workshop on Corporate Governance, Mallorca February 2005) 191. Top management, Education and Networking (with Mogens Dilling-Hansen & Erik Strøjer Madsen), Presented at the 7 th Workshop on Corporate Governance, Jönköping, April Ledelse og Performance hvad betaler sig? (with Tor Eriksson and Erik Strøjer Madsen), Report on Good practise in management and firm performance Joint Project with The Danish Association of Managers (Ledernes Hovedorganisation), 2007, 112 pages Alcohol consumption and liver cirrhosis mortality: An empirical analysis using aggregate data for 16 Europaean countries, Conference paper for Oenometrics 2008, Coillure, France (with Jan Bentzen)Wine production in Denmark 194. Wine production in Denmark. Do the characteristics of the vineyards affect the chances for awards? (with Jan Bentzen). Conference paper for Oenometrics 2009, Namur and The American Association of Wine Economics, Reims 2009.

20 20

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