News

ETLA forecast: Finland’s GDP will grow by 2.9 per cent in 2017

FINNISH ECONOMY 2017/2  Finland’s economic environment is favourable: economic growth in the euro area and China has strengthened and growth in the US continues at a moderate pace. The greatest risks are related to financial markets, international politics and trade liberalization. Finland’s GDP will grow by 2.9 per cent in 2017. Growth will be 2.0 […]

ETLA forecast: Finland’s recession is over

 ETLA SUHDANNE 2017/1  The global economy is on the upswing. Economic growth in the euro area and the US will continue at a moderate pace and China’s growth will slow down in a controlled manner. The main risks are associated with the political decisions of the United States and the euro area.  Finland’s GDP will […]

The proximity of manufacturing increases the rate of R&D efficiencies

The centralised operations model keeps most of the product’s added value in Finland. Usually, the price is the decisive factor when it comes to standard products. According to a recent research, companies should always manufacture technologically demanding products close to the product development. On the other hand, the more standardised the production is, the further […]

Why locate manufacturing in a high-cost country? A case study of 35 production location decisions

In this paper, we examine in detail 35 final assembly location decisions to gain understanding of the manufacturing location decision from strategy and economic policy perspectives. We are particularly interested in the decision to locate final assembly specifically in a high-cost (high GDP per capita) environment. In contrast with the earlier literature, we focus not […]

Nobel prize in economic sciences to Oliver Hart and Bengt Holmström

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to Oliver Hart, Harvard University, and Bengt Holmström, Massachusetts Institute of Technology, for their contributions to contract theory.

Finnish GDP will grow slightly faster than anticipated in the spring

Finland’s GDP will grow by 1.1-1.2 per cent in 2016-2018; the focus of demand will gradually shift from the domestic markets to exports