Publications

Briefs Publications

Brexit and the Finnish Economy

Lehmus MarkkuSuni Paavo
Leaving the EU reduces the UK output significantly relative to the baseline in all three trade scenarios (EEA, FTA
Books Publications

Financial Technology for Industrial Renewal

Adriaens PeterTahvanainen Antti-Jussi
As the effects of digital change, demographic forces, political momentum and ecological concerns are rewriting the rules of global
Books Publications

Behind the Scenes of Operation Theatres

Kotiranta AnnuKulvik MarttiMaijanen SirpaSeppälä Timo
Even though value chain analysis has proven to be problematic when applied to services, we test the compatibility of
Books

Essays on Post-Compulsory Education Attainment in Finland

Virtanen Hanna
Essays on Post-Compulsory Education Attainment in Finland
This thesis examines the determinants of upper secondary education attainment in Finland. The analyses build on register data for
Publications Working Papers 39

Trade and Innovation: Matched Worker-Firm-Level Evidence

Tuhkuri Joonas
This paper examines the relationship between globalization and innovation. To do so, it draws from data that match the
Publications Reports 54

ETLAnow: A Model for Forecasting with Big Data – Forecasting Unemployment with Google Searches in Europe

Tuhkuri Joonas
In this report we document the ETLAnow project. ETLAnow is a model for forecasting with big data. At the
Publications Reports 53

The Role of the Largest Companies and Their Value Chains in the Economy

Ali-Yrkkö JyrkiSeppälä TimoMattila Juri
This report analyzes the role of the largest companies in the Finnish economy. According to the results, the ten
Briefs Publications

The Role of Wage Adjustment in Alleviating the Economic Crisis in Finland

Lehmus MarkkuVihriälä Vesa
The paper analyses the impacts of two types of counter-factual real wage cuts on the key demand components, output
Publications Working Papers 38

The Blockchain Phenomenon – The Disruptive Potential of Distributed Consensus Architectures

Mattila Juri
Blockchain technology is disrupting society by enabling new kinds of disintermediated digital platforms. Furthermore, it is also providing efficiency
Publications Reports 52

Offshoring R&D

Tuhkuri JoonasLööf HansMohammadi AliRouvinen Petri
This paper explores offshoring of firms’ research and development functions. Our analysis employs a previously untapped and unique Eurostat
Briefs Publications

Globalization Threatens One Quarter of Finnish Employment

Tuhkuri Joonas
We find that one quarter of Finnish employment is highly susceptible to offshoring in the next decade. That is,
Briefs Publications

The Effect of Sanctions on Finnish Exports to Russia

Berg-Andersson BirgittaKotilainen Markku
Finland’s merchandise exports to Russia have decreased by 44 per cent between 2012 and 2015. Major part of this
Publications Working Papers 37

Estimating Production Functions of Multiproduct Firms

Valmari Nelli
Despite the fact that multiproduct firms constitute a considerable share of firms and account for an even greater share
Publications Working Papers 36

Global Value Chain Upgrading

Ylömäki Tobias
Global value chain (GVC) upgrading is a key factor in country-level economic performance. Therefore it is important to study
Publications Reports 51

A Study on the Finnish R&D Tax Credit of the Years 2013–2014

Kuusi TeroPajarinen MikaRouvinen PetriValkonen Tarmo
In this report, we analyze the Finnish R&D tax incentive scheme of the years 2013 and 2014. Under the
Publications Working Papers 35

Forecasting Unemployment with Google Searches

Tuhkuri Joonas
Data on Google searches help predict the unemployment rate in the U.S. But the predictive power of Google searches
Academic Publications Publications

GDP Growth in Russia: Different Capital Stock Series and the Terms of Trade

Kaitila Ville
Abstract There are different academic assessments of the principal forces behind Russia’s GDP growth. Studies that reconstruct capital stocks
Publications Reports 50

The Amount of Work: Why More Work Should Be Done in Finland?

Kauhanen AnttiVihriälä Vesa
The amount of work done in the economy has been subject to a lot of debate in Finland recently.
Publications Working Papers 34

Network Positioning through Manufacturing Services – Lessons from the Contract Manufacturing Industry

Viitamo EsaLuoto SeppoSeppälä Timo
Through early adoption of new production technologies and service-based rivalry on the outsourcing customers, contract manufacturers integrate and enhance
Publications Working Papers 33

The EU’s Fiscal Targets and Their Economic Impact in Finland

Keränen HenriKuusi Tero
In this paper, we quantify time-varying fiscal multipliers using Finnish economic data and address questions about the design of
Briefs Publications

On the Potential of the Bioeconomy as an Economic Growth Sector

Tahvanainen Antti-JussiAdriaens PeterAssanis Dimitris
Fresh economic data on industrial value chains suggest that the existing industrial structures of the Bioeconomy do not show
Publications Reports 49

Finland and Its Northern Peers in the Great Recession

Suni PaavoVihriälä Vesa
The report focuses on the relative macroeconomic performance since the global financial crisis of six Northern European countries with
Publications Reports 48

Innovator Mobility in Finland and Denmark

Bagger JesperMaliranta MikaMäättänen NikuPajarinen Mika
Workers have different abilities in research, development and innovation (R&D&I) activities. Firms have different “prospects for innovation”. Innovation is
Briefs Publications

Digital Trust, Platforms, and Policy

Mattila JuriSeppälä Timo
In the Europe 2020 strategy, the European Commission has defined trust and security as one of the seven key

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