EU

EU:n rahoituskehykset – Suomen asema seuraavalla kehyskaudella 2014-2020

Kotilainen, Markku - Korkman, Sixten - Niemi, Jyrki - Nikula, Nuutti - Kaseva, Hannu - Kettunen, Lauri

The study analyses the financial framework of the European Union in 2014-2020 and the prospects of Finland in this framework. The study is structured according to budget headlines the most central of which are the natural resources (agriculture and rural development), cohesion (regional and structural policies), and competitiveness. Scenarios concerning the future are built upon

Tax/benefit Systems and Growth Potential of the EU

Alho, Kari E. O. (ed.)

The EU has ambitious goals in terms of economic performance. The goals are to be reached in combination with social cohesion and sustainable development in terms of environment. The key economic policy instruments to be used by the EU member states are comprised of taxes and benefits. The economic and political framework for carrying out

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

Kaitila, Ville - Alho, Kari E. O. - Nikula, Nuutti

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,

Free Trade between the EU and Russia – Sectoral Effects and Impacts on Northwest Russia

Kaitila, Ville

We analyse the implications of free trade between the EU25 and Russia using GTAP, a computable general equilibrium model. We review the sectoral effects by countries and make a tentative assessment of the impact on the regions in Northwest Russia. Free trade on its own would have a negative terms-of-trade effect in Russia and cause

Productivity, Employment and Taxes – A SVAR Analysis of Trade-offs and Impacts

Alho, Kari - Nikula, Nuutti

The paper considers time series evidence on the relationships, and possible trade-offs, between productivity and employment, and on the impact of taxes in this connection. First, a theoretical model is built for an open economy leading to the identification of technology, non-technology and labour and capital tax wedge shocks, as based on their long-run effects.

Productivity, Empoyment and Taxes – Evidence on the Potential Trade-offs and Impacts in the EU

Alho, Kari O.E. - Nikula, Nuutti

The paper considers time series evidence on the relationships, and possible trade-offs, between productivity and employment, and on the impact of taxes in this connection. First, a theoretical model is built for an open economy leading to the identification of technology, non-technology and tax shocks. Then structural VAR models are estimated for all the EU-15