Estimating Production Functions of Multiproduct Firms

Despite the fact that multiproduct firms constitute a considerable share of firms and account for an even greater share of production, virtually all production function estimates are based on the assumption that firms are single-product producers. The single-product assumption is made due to lack of data on input allocation across the various product lines multiproduct […]

GDP will grow by almost one per cent this year – in 2017 and 2018 the growth will gain momentum

Although general economic uncertainty has increased, the baseline scenario for the international economy is guardedly positive: economic growth in the euro area and the US will continue at last year’s pace, China’s growth will slow down in a controlled manner.

Global Value Chain Upgrading

Global value chain (GVC) upgrading is a key factor in country-level economic performance. Therefore it is important to study its fundamental, firm-level origins. What are the main attributes that drive firms toward GVC upgrading? How do upgrading trajectories differ? The previous literature has largely concentrated on developing countries and firms producing low value-added goods and […]

A study on the Finnish R&D tax credit of the years 2013–2014

In this report, we analyze the Finnish R&D tax incentive scheme of the years 2013 and 2014. Under the scheme, firms were eligible for double corporate tax deduction incentive on labor expenses incurred for undertaking R&D activities. Our report consists of a literature review, an empirical analysis of the Finnish register data, and an internet […]

A weaker growth momentum in the euro area

According to the EUROGROWTH Indicator, calculated by the EUROFRAME group in March 2016, growth in the euro area should remain moderate during the first half of 2016.

Financial Innovation to Drive Growth? Invest in the Stocks and Flows of the Real Economy

At the end of May, portfolio managers of European pension funds convened in London to discuss investment strategies in a world of uncertain growth and negative or near-zero interest rates. There once was a time where long-term investments were considered a conservative strategy, while placements in stocks, private equity, and hedge funds were considered financially […]

Estimating Production Functions of Multiproduct Firms

Despite the fact that multiproduct firms constitute a considerable share of firms and account for an even greater share of production, virtually all production function estimates are based on the assumption that firms are single-product producers. The single-product assumption is made due to lack of data on input allocation across the various product lines multiproduct […]

GDP will grow by almost one per cent this year – in 2017 and 2018 the growth will gain momentum

Although general economic uncertainty has increased, the baseline scenario for the international economy is guardedly positive: economic growth in the euro area and the US will continue at last year’s pace, China’s growth will slow down in a controlled manner.

Global Value Chain Upgrading

Global value chain (GVC) upgrading is a key factor in country-level economic performance. Therefore it is important to study its fundamental, firm-level origins. What are the main attributes that drive firms toward GVC upgrading? How do upgrading trajectories differ? The previous literature has largely concentrated on developing countries and firms producing low value-added goods and […]

A study on the Finnish R&D tax credit of the years 2013–2014

In this report, we analyze the Finnish R&D tax incentive scheme of the years 2013 and 2014. Under the scheme, firms were eligible for double corporate tax deduction incentive on labor expenses incurred for undertaking R&D activities. Our report consists of a literature review, an empirical analysis of the Finnish register data, and an internet […]

A weaker growth momentum in the euro area

According to the EUROGROWTH Indicator, calculated by the EUROFRAME group in March 2016, growth in the euro area should remain moderate during the first half of 2016.

Financial Innovation to Drive Growth? Invest in the Stocks and Flows of the Real Economy

At the end of May, portfolio managers of European pension funds convened in London to discuss investment strategies in a world of uncertain growth and negative or near-zero interest rates. There once was a time where long-term investments were considered a conservative strategy, while placements in stocks, private equity, and hedge funds were considered financially […]