Publications

Briefs Publications

Forecasting Activity at Etla in 1971–2018

Kotilainen Markku
The Research Institute of the Finnish Economy (Etla) started its business cycle forecasting activity in 1971. Forecasts have thus
Briefs Publications

Regional Economic Disparities in Finland

Fornaro Paolo
In this note, I study the Finnish regional dispersion of economic indicators such as the GDP per capita, labour
Academic Publications Publications

The Finnish Great Depression of the 1990s: reconciling theory and evidence

Kuusi Tero
Abstract This paper reconciles quantitative macroeconomic theory of the Finnish Great Depression and the empirical evidence. The main controversy
Briefs Publications

The Role of Individuals, Firms and the Society in Lifelong Learning

Kauhanen Antti
Labor market restructuring has sparked discussion on lifelong learning. One important question deals with the proper distribution of responsibility
Other publications Publications

Efforts of Finnvera, FinPro, and Tekes in Promoting Internationally Oriented SMEs: Impact Study

Halme KimmoKotiranta AnnuPajarinen MikaPiirainen KalleRouvinen PetriSalminen VesaYlhäinen Ilkka
In this impact study, the purpose was to produce a combined forward looking (ex ante) evaluation analysis of how
Briefs Publications

Do Personal Data Related Innovation Boost Firm Value?

Koski Heli
Personal data is increasingly used in business value creation. Data from the years 2007–2014 suggest that firms’ personal data
Publications Working Papers 59

Investor Attention and Technology Salience: Does Personal Data Related Innovation Boost Firm Value?

Koski HeliLuukkonen Juha
This paper empirically analyzes how markets value personal data related innovation in four prominent domains, in which firms’ potential
Books Publications

Startups in the Economy

Hurri PaavoKotiranta AnnuMaliranta MikaNurmi SatuPajarinen MikaRouvinen PetriSadeoja Samuli
Startups in the Economy
This book provides answers to three questions: (1.) How does our understanding of entrepreneurship change with the new information
Briefs Publications

Lightweight Suggestion from the Commission to Reform the Financing of the EU Budget

Valkonen Tarmo
EU budget is currently financed almost fully by Own Resources, which are based on customs, Gross National Income, and
Other publications Publications

Summary report of the FIRSTRUN project

Määttänen NikuAlcidi Cinzia
Introduction This report provides a brief overview of the project and summarises its most policy-relevant results. It also describes
Briefs Publications

Market Discipline and Liquidity Key Issues in the EMU Reform

Vihriälä Vesa
The EMU institutions need to be reformed. There is, however, a deep disagreement about the right way to proceed.
Academic Publications Publications

Business owners, employees, and firm performance

Maliranta MikaNurmi Satu
The novel Finnish Longitudinal OWNer-Employer-Employee (FLOWN) database was used to analyze how the characteristics of owners and employees relate
Other publications Publications

Common or own goals: Reforming the financing of the European Union

Kari SeppoMäättänen NikuRopponen OlliTamminen SaaraValkonen Tarmo
This study evaluates the Monti report and the suggested new own resources from the point of the view of
Other publications Publications

Startups, accelerators and role of Tekes

Halme K.Salminen V.Wiikeri J.Rouvinen PetriKotiranta AnnuPajarinen MikaBerge B.Walker A.Miller C.Borella P.Autio E.
This evaluation provided an assessment of the role of Tekes activities in the Finnish startup-ecosystem as well as provide
Other publications Publications

Higher education admissions and the policy of shortening transition and study times

Ahola SakariAsplund RitaVanhala Pekka
This study analyses the objectives set for the reforms of the Finnish higher education admissions system. The first part,
Publications Reports 82

Economic Dynamics and Changes in Values and Attitudes among Finnish Regions: A Descriptive Analysis

Fornaro Paolo
Finland is characterized by a substantial heterogeneity across its regions. Key economic indicators, such as the GDP per capita
Other publications Publications

How Do Intelligent Goods Shape Closed-Loop Systems?

Rajala RistoHakanen EskoMattila JuriSeppälä TimoWesterlund Mika
Disruptive technologies can increase the intelligence of goods and revitalize business models in the circular economy. Applying an industrial
Publications Working Papers 58

Ctrip: China’s Online Travel Platform – Local Giant or Global Competitor?

Shao TianyiKenney Martin
In a large number of sectors, Chinese internet platform firms have grown to enormous size leveraging a rapidly growing,
Publications Reports 81

The Application of Artificial Intelligence at Chinese Digital Platform Giants: Baidu, Alibaba and Tencent

Jia KaiKenney MartinMattila JuriSeppälä Timo
The Chinese digital platform giants – Baidu, Alibaba and Tencent – have quickly risen to be amongst the most
Publications Working Papers 57

Aggregate Risks, Intergenerational Risk-Sharing and Fiscal Sustainability in the Finnish Earnings-Related Pension System

Lassila Jukka
We study how aggregate demographic and economic risks affect the finances of the Finnish earnings-related pension system and the
Academic Publications Publications

Borrowing constraints and housing market liquidity

Eerola EssiMäättänen Niku
We study how changes in household borrowing constraints influence housing market liquidity. To this end, we develop a housing
Publications Working Papers 56

The Effects of an Education-Leave Program on Educational Attainment and Labor-Market Outcomes

Kauhanen Antti
I study the effect of an education leave subsidy for the employed on labor-market outcomes and educational attainment using
Briefs Publications

Etla’s Forecast Errors in 2014–2017

Berg-Andersson BirgittaKaitila VilleKaseva HannuKotilainen MarkkuLehmus Markku
In forecasts for years 2014–2015 the Finnish GDP growth was overestimated, and in forecasts for years 2016–2017 it was
Briefs Publications

Parental Income and Application Decisions in Post-secondary Education

Laukkonen Marja-Lisa
In 2018, the higher education institutions should no longer use entrance examinations that require extensive preparation and, instead, evaluate

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