Income distribution and housing prices: An assignment model approach

Journal of Economic Theory (2014), volume 151, May , pages 381-410 We present a framework for studying the relation between the distributions of income and house prices that is based on an assignment model where households are heterogeneous by incomes and houses by quality. Each household owns one house and wishes to live in one […]

The Nordic model – challenged but capable of reform

The Nordic welfare model has received a lot of positive attention around the world. High standard of living, small income disparities and substantial social mobility looks like a very attractive package. Moreover, sound public finances and strong emphasis on environmental sustainability suggest that today’s success has not been accomplished at the expense of future generations. […]

The Nordic countries are still an attractive model

The Nordic model still represents an attractive approach to the economic and social challenges posed by global competition, new technology and ageing populations, according to a report written by a group of leading economists for the Nordic Council of Ministers.

Metals and engineering vision 2025

European metals end engineering industry has managed to keep its position in global competition. Germany has become the leading manufacturer of machines and equipment. Metals and engineering products are used in nearly all industries and businesses, and especially due to emerging economy growth the demand outlook is favourable. New materials, new production methods, like additive […]

All foreign investments in Finland do not show in statistics

The recorded annual inflows of foreign direct investment (FDI) measure annual real investments in foreign-owned companies rather poorly, according to the research report How Does Foreign Direct Investment Measure Real Investment by Foreign-owned Companies? Firm-level Analysis (ETLA Reports 27).

How Does Foreign Direct Investment Measure Real Investment by Foreign-owned Companies? Firm-level Analysis

We study how Foreign Direct Investment (FDI) measures gross fixed capital formation in foreign-owned companies. Our data include firm-level information on FDI inflows and real investment (Gross Fixed Capital Formation) by foreign-owned companies located in Finland. Our results suggest that the recorded annual inflows of FDI poorly measure annual real investments in foreign-owned companies. Since […]

Income distribution and housing prices: An assignment model approach

Journal of Economic Theory (2014), volume 151, May , pages 381-410 We present a framework for studying the relation between the distributions of income and house prices that is based on an assignment model where households are heterogeneous by incomes and houses by quality. Each household owns one house and wishes to live in one […]

The Nordic model – challenged but capable of reform

The Nordic welfare model has received a lot of positive attention around the world. High standard of living, small income disparities and substantial social mobility looks like a very attractive package. Moreover, sound public finances and strong emphasis on environmental sustainability suggest that today’s success has not been accomplished at the expense of future generations. […]

The Nordic countries are still an attractive model

The Nordic model still represents an attractive approach to the economic and social challenges posed by global competition, new technology and ageing populations, according to a report written by a group of leading economists for the Nordic Council of Ministers.

Metals and engineering vision 2025

European metals end engineering industry has managed to keep its position in global competition. Germany has become the leading manufacturer of machines and equipment. Metals and engineering products are used in nearly all industries and businesses, and especially due to emerging economy growth the demand outlook is favourable. New materials, new production methods, like additive […]

All foreign investments in Finland do not show in statistics

The recorded annual inflows of foreign direct investment (FDI) measure annual real investments in foreign-owned companies rather poorly, according to the research report How Does Foreign Direct Investment Measure Real Investment by Foreign-owned Companies? Firm-level Analysis (ETLA Reports 27).

How Does Foreign Direct Investment Measure Real Investment by Foreign-owned Companies? Firm-level Analysis

We study how Foreign Direct Investment (FDI) measures gross fixed capital formation in foreign-owned companies. Our data include firm-level information on FDI inflows and real investment (Gross Fixed Capital Formation) by foreign-owned companies located in Finland. Our results suggest that the recorded annual inflows of FDI poorly measure annual real investments in foreign-owned companies. Since […]