Working Papers

Working Papers 146

Growth in Chains: EU Value Chain Productivity and its Slowdown

Kuusi TeroLähdemäki Sakari
We study Europe’s post-2008 productivity slowdown using novel total factor productivity (TFP) measures that follow production beyond individual industries
Working Papers 145

Labor Supply Shock and Firm Innovation: Evidence from EU Enlargement

Maczulskij Terhi
This study examines the effects of the 2004 European Union enlargement on firm productivity and innovation in Finland. Using
Working Papers 144

Geoeconomic Shocks and Finland’s Position in Global Value Chains

Wang Maria
This paper studies how geoeconomic shocks affect bilateral trade, and what they imply for the position of a small
Working Papers 143

Export Market Share Decomposition, Export Performance, and Investment Activity

Kaitila Ville
We use goods export data at the SITC 3-digit level to analyse countries’ world market-share developments in 2002–2024. We
Working Papers 142

Productivity Dynamics of Mergers, Acquisitions and Restructuring

Kuosmanen NataliaKuosmanen TimoMaczulskij Terhi
A substantial share of firm entry and exit observed in register-based data reflects mergers, acquisitions, spin-offs, and other forms
Working Papers 141

Beggar-Thy-Neighbor by Other Means

Markkanen JaakkoSiikanen MarkkuValmari Nelli
A country that cannot devalue its currency can still cut its exporters’ costs through industrial policy and steal business
Working Papers 140

Geopolitical Fragmentation and the Geography of 5G Innovation

Koski Heli
This study examines how the U.S.–China technological rivalry reshapes inventive collaboration in core 5G infrastructure technologies. Using 106,117 priority
Working Papers 139

The Effect of EU ETS on Firm Productivity and Innovation-related Activity

Maczulskij Terhi
This study examines the impact of the EU Emission Trading System on firms’ productivity and innovation behavior in the
Working Papers 138

DemoGrafiikka – Väestökuvasto

Alho Juha
Syntyvyyden romahdusmaisen laskun myötä Suomen väestön sisäisestä kasvusta on tullut reilusti negatiivinen. Näyttää siltä, että olemme siirtymässä vähenevän väestön
Working Papers 137

AI and Worker Well-being: Evidence from a Nationally Representative Study

Bryson AlexKauhanen AnttiRouvinen Petri
Utilizing nationally representative cross-sectional and longitudinal data from Finland (2018–2023), we provide a population-level assessment of the relationship between
Working Papers 136

Do R&D Spillovers Support Low-carbon Transition? Firm-level Evidence from Finnish Energy-intensive Manufacturing

Kuosmanen NataliaKuosmanen TimoZhou Xun
A structural shift from fossil fuel-based energy systems to renewable, sustainable energy sources critically depends on research and development
Working Papers 135

AI Has Not Impacted the Youth Labor Market in Finland

Kauhanen AnttiRouvinen Petri
We examine the impact of generative AI on the youth labor market in Finland by replicating the key analyses
Working Papers 134

Global Demand, Local Ideas: The Impact of Trade Shocks on Firm Innovation

Maczulskij Terhi
This paper examines how firms’ innovation activity responds to product- and destination-specific export demand shocks in their export markets.
Working Papers 133

Are Firms Hiring Enough Workers? Firm-level Evidence from Finland’s Manufacturing and Service Industries

Kuosmanen NataliaKuosmanen TimoPajarinen Mika
Microeconomic theory posits that in competitive markets, wages are determined by the marginal revenue product of labor. This study
Working Papers 132

Export Demand Shocks and Environmental Performance: Evidence from Finnish Exporters

Maczulskij TerhiJurvanen Outi
This paper examines how firms’ environmental performance responds to product- and destination-specific export demand shocks in their export markets.
Working Papers 131

GenAI, Growth, and the Multi-Sector Multipliers

Kuusi Tero
This paper analyzes the macroeconomic impact of Generative Artificial Intelligence (GenAI) on the Finnish economy, integrating recent literature and
Working Papers 130

Privacy Regulation and R&D Investments: Causal Evidence from Global Pharmaceutical and Biotechnology Firms

Koski Heli
This paper examines the effects of data privacy regulation on R&D investment in the pharmaceutical and biotechnology sectors. In
Working Papers 129

Intangible Assets in Finnish Business

Pajarinen MikaRouvinen Petri
This working paper investigates intangible investments in Finnish firms from 2014 to 2019, utilizing comprehensive, register-based data from Statistics
Working Papers 128

Growth in Chains: EU Value Chain Productivity and its Slowdown

Kuusi TeroLähdemäki Sakari
We examine value chain productivity within the EU15 from 1995 to 2017; a period marked by growth and its
Working Papers 127

Service Industries, Capital Intensity, and Labour Productivity

Kaitila Ville
We analyse the development of labour productivity in five service industries in Europe, the United States, and Japan. Vis-à-vis
Working Papers 126

Hiring the First Non-native Worker and Exports

Maczulskij Terhi
This study examines whether non-native workers contribute to firms’ export growth, using matched data spanning nearly three decades and
Working Papers 125

Do Public Subsidy Schemes Foster Innovation and Competitiveness in Energy-Intensive Industries?

Koski HeliWang Maria
This study evaluates the impacts of public subsidies on firms in energy-intensive industries, focusing on R&D subsidies and compensation
Working Papers 124

Immigration and Innovation in Finnish Manufacturing Firms

Maczulskij Terhi
Abstract This study examines the relationship between immigration and firmlevel innovation in the Finnish manufacturing sector. The analysis leverages
Working Papers 123

Passthrough of Retail Price Regulation in the Market for Pharmaceuticals

Markkanen Jaakko
I study the transmission of pharmacy mark-ups to retail prices and the policy between retail markups and Value Added

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