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Working Papers
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18.06.2025
Working Papers
129
Intangible Assets in Finnish Business
Pajarinen Mika
Rouvinen Petri
This working paper investigates intangible investments in Finnish firms from 2014 to 2019, utilizing comprehensive, register-based data from
Statistics
26.05.2025
Working Papers
128
Growth in Chains: EU Value Chain Productivity and its Slowdown
Kuusi Tero
Lähdemäki Sakari
We examine value chain productivity within the EU15 from 1995 to 2017; a period marked by growth and
its
27.03.2025
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
24.02.2025
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
20.01.2025
Working Papers
125
Do Public Subsidy Schemes Foster Innovation and Competitiveness in Energy-Intensive Industries?
Koski Heli
Wang Maria
This study evaluates the impacts of public subsidies on firms in energy-intensive industries, focusing on R&D subsidies and
compensation
02.01.2025
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
31.12.2024
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
27.11.2024
Working Papers
122
Impact of Acquistions by Foreign Companies on Innovation Activities
Ali-Yrkkö Jyrki
Kauhanen Antti
This study examines the impact of foreign acquisitions on innovation activities in Finnish target firms using comprehensive linked
employer-employee
19.11.2024
Working Papers
121
Assessing Early Labor Market Effects of Generative AI – Evidence from Population Data
Kauhanen Antti
Rouvinen Petri
This study examines the short-term impact of generative artificial intelligence (GAI) on employment and wages using data covering
all
02.10.2024
Working Papers
120
Estimating the Labour Market Impacts of Transport Projects in Finland
Riukula Krista
Väänänen Touko
Effects on labour market outcomes are often referred to when discussing the wider economic benefits of transport projects.
However,
09.09.2024
Working Papers
119
Intangibles in Light of Industry-level CompNet Dataset
Pikka Aleksi
This paper studies the productivity effects of intangible assets using 9th vintage of the CompNet dataset. Descriptive work
shows
07.09.2024
Working Papers
118
The Effects of the Decentralization of Collective Bargaining on Wage Differences Among Employee Groups
Kauhanen Antti
Recently, Finnish forest industries shifted from sectoral collective bargaining to firm-level bargaining, and the IT services industry shifted
to
11.06.2024
Working Papers
117
An Analysis of Digitalization and Firm Performance in Finland’s Private Service Industries
Kuosmanen Natalia
Pajarinen Mika
Heshmati Almas
The service sector is undergoing rapid changes attributed to digitalization. This study examines the relationship between digitalization and
the
06.02.2024
Working Papers
116
Education, Gender, and Family Formation
Virtanen Hanna
Silliman Mikko
Kuuppelomäki Tiina
Huttunen Kristiina
In response to the wide-ranging consequences of falling fertility rates, governments across high-income countries are considering how to
increase
01.02.2024
Working Papers
115
Debt Burden of Job Loss in a Nordic Welfare State
Maczulskij Terhi
Kanninen Ohto
Karhunen Hannu
Tahvonen Ossi
The paper investigates the impact of involuntary job loss on severe debt problems in Finland, where up to
50%
19.01.2024
Working Papers
114
Least-cost Decarbonization Pathways for Electricity Generation in Finland: A Convex Quantile Regression Approach
Kuosmanen Natalia
Kuosmanen Timo
Maczulskij Terhi
Zhou Xun
This study investigates the least-cost decarbonization pathways in the Finnish electricity generation industry in order to achieve the
national
16.01.2024
Working Papers
113
Digitalization and Resilience: Data Assets and Firm Productivity Growth During the COVID-19 Pandemic
Koski Heli
Fornaro Paolo
This study investigates the impact of firm-level investments in data assets on productivity growth during the COVID-19 pandemic,
utilizing
09.01.2024
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?
14.12.2023
Working Papers
111
Jobs, Workers, and Firms: Dissecting the Labour Market Effects of Finland’s COVID-19 Subsidy Program
Hirvonen Johannes
Kässi Otto
Ropponen Olli
This paper examines the labour market impacts of Finland’s initial COVID-19 subsidy program, designed to mitigate the economic
fallout
12.12.2023
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
06.11.2023
Working Papers
109
Shock Infections through Global Value Chains
Kuusi Tero
Ali-Yrkkö Jyrki
We examine how the Covid-19 shock was transmitted from the foreign, upstream parts of value chains to domestic
(downstream)
16.10.2023
Working Papers
108
Firm-Level Consequences of Export Demand Shocks: Swedish and Finnish Exporters
El-Sahli Zouheir
Maczulskij Terhi
Nilsson Hakkala Katariina
This paper analyzes how firms with different financial strength levels respond to demand shocks in their export markets.
We
19.09.2023
Working Papers
107
The Effects of COVID-19 Pandemic on (New) Life Insurances
Ropponen Olli
Kuusi Tero
Valkonen Tarmo
This paper studies the life insurance demand responses to Covid-19 pandemic. It employs the unique individual-level daily data
on
28.04.2023
Working Papers
106
Beyond AI, Blockchain Systems, and Digital Platforms: Digitalization Unlocks Mass Hyper-Personalization and Mass Servitization
Seppälä Timo
Mucha Tomasz
Mattila Juri
The ever-progressing digitalization of the economy and society is unlocking new opportunities for organizations engaging in services. We
are
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