Ville Kaitila

Marginal Intra Industry Trade Expansion and Productivity Growth

We use the concept of marginal intra-industry trade (MIIT) to analyse the effect of trade expansion on labour productivity growth across 23 EU countries and 94 manufacturing sectors in 1995-2005. The highest MIIT index values are found in sectors producing differentiated goods as well as in science and scale-intensive sectors, while the lowest are found

Measuring Productivity – Finland in an International Comparison

We compare the levels and development of labour productivity in different countries, especially in the private sectors of the economies. We use several data sources, including the Eurostat Structural Business Statistics and Labour Costs Survey databases as well as the data available from the EU KLEMS project. This combination of data allows for a comparison

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,

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

Factor Intensity of Comparative Advantage in Industrialised Countries

We analyse how comparative advantage and specialisation in foreign trade have formed with respect to factors of production. We divide 217 different sectors of manufacturing into six different classes depending on how capital, labour and knowledge-intensive the production is. We use average wages and R&D expenditure to determine knowledge intensity. The classification is used to

Specialisation in Finnish Foreign Trade – Who Do We Compete With?

We analyse the exports of industrialised countries in the 1996-2006 period. First, there is a short discussion of the theory of international trade and its recent theoretical developments. After that we have analysed the long-run development of the structure of Finnish exports, and its structure relative to that of other industrialised countries after 1996. The