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Geo-economic risks becoming a new argument for industrial policy? EtlaTalks-webinar

The new era of geopolitics and geo-economics is significantly changing the economic landscape and operating environment in which we
Latest News and press releases

Etla forecasts: growth accelerating towards the second half of the year

Etla forecasts: growth accelerating towards the second half of the year
The Finnish economy is expected to grow by 0.3 per cent this year, predicts ETLA Economic Research. Although GDP
Working Papers 112

Childhood Shocks and Fertility: Evidence from Parental Job Loss

Riukula Krista
Do economic shocks experienced in childhood carry on to the fertility outcomes in adulthood and if they do, how?
Working Papers 111

Jobs, Workers, and Firms: Dissecting the Labour Market Effects of Finland’s COVID-19 Subsidy Program

Hirvonen JohannesKässi OttoRopponen Olli
This paper examines the labour market impacts of Finland’s initial COVID-19 subsidy program, designed to mitigate the economic fallout
Working Papers 110

Effective Fiscal Policy in an Aging Economy: Evidence from a BVAR Analysis

Puonti Päivi
As people age, their consumption and saving behavior tends to change. At the same time, the share of age-related
Reports 143

Mergers and Acquisitions in the Service Sector

Ylhäinen IlkkaPajarinen Mika
We examined mergers and acquisitions in the service sector and the effects of the transition to foreign ownership.
Reports 142

To What Extent Does Finland Engage in International Trade of Services?

Ali-Yrkkö JyrkiKuosmanen Natalia
This report examines the development and composition of Finland’s international trade in services compared to other countries.
Briefs 129

Services in Global Competition

Ali-Yrkkö JyrkiKuosmanen NataliaPajarinen MikaYlhäinen Ilkka
Services in Global Competition project examined the internationalization of service companies and service functions.
Working Papers 109

Shock Infections through Global Value Chains

Kuusi TeroAli-Yrkkö Jyrki
We examine how the Covid-19 shock was transmitted from the foreign, upstream parts of value chains to domestic (downstream)
Working Papers 108

Firm-Level Consequences of Export Demand Shocks: Swedish and Finnish Exporters

El-Sahli ZouheirMaczulskij TerhiNilsson Hakkala Katariina
This paper analyzes how firms with different financial strength levels respond to demand shocks in their export markets. We
Reports 140

Green Goods in Finland’s Manufacturing

Kuosmanen NataliaPajarinen Mika
This report examines the production of green goods in Finland’s manufacturing sector. Our findings reveal a notable concentration of
Working Papers 107

The Effects of COVID-19 Pandemic on (New) Life Insurances

Ropponen OlliKuusi TeroValkonen Tarmo
This paper studies the life insurance demand responses to Covid-19 pandemic. It employs the unique individual-level daily data on
News and press releases

The recession will be short – new government financial measures are coming at the right time

The recession will be short – new government financial measures are coming at the right time
Finland's economy will shrink by 0.3 per cent this year and will experience growth of less than one per
Reports 139

Labour Productivity and Development of Carbon Competitiveness: Industry-Level Evidence from Europe

Kaitila Ville
A drastic decline in global greenhouse gas (GHG) emissions is needed to stop the climate change. This requires a
Books

The Fifth Wave – BRIE-ETLA Collection of Articles

Seppälä TimoMucha TomaszMattila Juri (eds.)
The Fifth Wave – BRIE-ETLA Collection of Articles
BRIE-ETLA 2019–2023 Over the past decades, information technology has driven societal development and economic growth. The continuing advance of
Working Papers 106

Beyond AI, Blockchain Systems, and Digital Platforms: Digitalization Unlocks Mass Hyper-Personalization and Mass Servitization

Seppälä TimoMucha TomaszMattila Juri
The ever-progressing digitalization of the economy and society is unlocking new opportunities for organizations engaging in services. We are
Working Papers 105

The Effects of the Decentralization of Collective Bargaining on Wages and Wage Dispersion: Evidence from the Finnish Forest and IT Industries

Kauhanen Antti
Recently, Finnish forest industries shifted from sectoral collective bargaining to firm-level bargaining, and the IT services industry shifted to
Publications Working Papers 104

Renewal of Companies Through Product Switching

Kuosmanen NataliaValmari Nelli
The past few decades have witnessed a slowdown in productivity growth in many advanced economies, including Finland.
Publications Working Papers 103

Do Grocery Feedback Systems Enabling Access to Past Consumption Impact Individual Food Purchase Behavior?

Koski HeliKuikkaniemi KaiPantzar Mika
This article empirically explores whether and how providing consumers with detailed access to their past food purchase data at
Working Papers 102

Five Countries, Five Models – A Comparison of Fiscal Frameworks and Lessons for Finland

Begg IainKuusi TeroKylliäinen Olavi
In recent years, many countries have sought to transform their fiscal frameworks, with the aim of rendering their public
News and press releases

Finland’s spending limits system needs a reform, as the current rules do not function effectively in unexpected crises

Finland’s spending limits system needs a reform, as the current rules do not function effectively in unexpected crises
The regulatory framework of Finland's fiscal policy has faced several crises that have revealed its ineffectiveness in dealing with
News and press releases

The recession will be mild, but so will the growth that follows it – “The upturn will not be experienced”

The recession will be mild, but so will the growth that follows it – “The upturn will not be experienced”
Etla Economic Research predicts only sluggish economic growth for the next few years.
Columns

Beyond GPT-4: Digitalization Unlocks Mass Hyper-Personalization and Mass Servitization

Seppälä TimoMucha Tomasz
Beyond GPT-4: Digitalization Unlocks Mass Hyper-Personalization and Mass Servitization
As the hype surrounding GPT-4 peaks we must focus beyond, remarks Timo Seppälä and Tomasz Mucha in their new
Working Papers 101

Breakthrough Innovations and Productivity: An International Perspective

Kuusi TeroNevavuo Jenni
In this paper, we shed new light on the productivity impact of breakthrough patents, as well as their role

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