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

ETLA Predicts the Unemployment Rate with Google Searches in Europe

ETLA, The Research Institute of the Finnish Economy, together with 28 leading European research institutions, has constructed a tool for real-time economic forecasting called ETLAnow.

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.

Euro area growth to accelerate to 1.8 per cent

The EUROFRAME Group of 10 European research institutes expects real GDP in the euro area to rise by 1.8 per cent in both 2016 and 2017, up from 1.5 per cent last year.