Discussion Papers

Growth Prospects of Emerging Market Economies in Europe – How Fast Will They Catch up with the Old West?

Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market economies (EMEs) of Central and Eastern Europe towards the EU15 average by 2050. We estimate the countries’ initial capital stocks and project future investment as a function of the GDP per capita gap, among other things,

It Takes Three to Tango in Employment: Matching Vocational Education, Organizations and Students and Companies in Labour market

We examine the determinants of labour market status after the initial vocational basic education (ISCED 3) by use of unique linked register data on students, their parents, teachers, educational organisations and business companies in Finland. We distinguish between four outcomes : 1) employment 2) further studies 3) non-employment and 4) drop-out. The explanatory factors are

Opening Economy and Regional Development – Comparative Advantage and Agglomeration Forces as Location Factors in Finland

The study examines the developments in production structures in Finnish regions and the differences in regional income levels and the causes that affect them in an integrating global economy as well as the challenges facing regional policies. The increasing openness of the world economy, the increasing competition it causes and its effect on Finland’s regions

Does Foreign Presence Stimulate Creative Destruction in Local Markets

This paper studies the effect of foreign-owned companies (FOCs) in the region on establishment survival and growth in the Finnish business sector. We analyze whether the presence of the FOCs has asymmetric effects among the local businesses. Foreign presence in the region is measured in a novel way by using the regional links between establishments

Alchol Consumption and Sickness Absence: Evidence from Panel Data

Objective : This paper examines the relationship between alcohol consumption and sickness absence. Methods : We use regional panel data from Finland over the period 1993-2005. The data on individuals’ health that we are using originates from Health Behaviour and Health among the Finnish Population conducted by the National Public Health Institute. To control for

Intangible Investment of Finnish Businesses in 2004: An Experiment with Micro-level Data

This report studies various categories of intangible investment in tandem with micro-level data available for research purposes at Statistics Finland. Already at the firm level the amount of intangible investment exceeds that of tangible investment, and taking it into account changes our understanding of many key measures : for example the adjusted value added of