This research project aims to produce new, policy‐relevant information on factors that enhance the attractiveness of Finland for productive companies and talented individuals. Maintaining the Finnish welfare state requires robust economic growth. To achieve this, Finland needs to increase R&D expenditure, since R&D is a key determinant of economic growth. However, merely increasing spending is not enough. The increased outlays need to be used productively, which means that Finland needs to attract talented people and productive companies to Finland. For example, raising R&D expenditures to 4% of GDP requires that Finland becomes an attractive location for both firms’ R&D activities and international experts.
More concretely, this project:
The project uses high‐quality register and survey data and state‐of‐the‐art empirical methods to provide new information on the attractiveness of Finland for skilled people and companies. The results highlight the successes and challenges of Finnish policies to attract productive companies and skilled persons to Finland. These results can be used in the planning of policy measures aimed at improving Finland’s attractiveness.