Working Papers

Julkaisut Working Papers 69

Management Practises in Finnish Manufacturing Establishments: Evidence from FMOP

Ohlsbom RoopeMaliranta Mika
Management Practises in Finnish Manufacturing Establishments: Evidence from FMOP
Data collected by the recently conducted Finnish Management and Organizational Practices Survey (FMOP) by Statistics Finland is used to
Julkaisut Working Papers 68

Artificial Intelligence Applications & Venture Funding in Healthcare

Halminen OlliTenhunen HenniHeliste AnttiSeppälä Timo
Artificial Intelligence Applications & Venture Funding in Healthcare
Venture Capital (VC) funding raised by companies producing Artificial Intelligence (AI) solutions is on the rise. In healthcare, VC
Julkaisut Working Papers 67

The Influence of Old-age Retirement on Health: Causal Evidence from the Finnish Register Data

Kuusi TeroMartikainen PekkaValkonen Tarmo
The Influence of Old-age Retirement on Health: Causal Evidence from the Finnish Register Data
We quantify the impact of old-age retirement on health using longitudinal Finnish register data for the period 2000–2012, which
Julkaisut Working Papers 66

Top 3: Pension Systems in Denmark, Finland, and the Netherlands

Hougaard Jensen Svend E.Lassila JukkaMäättänen NikuValkonen TarmoWesterhout Ed
Top 3: Pension Systems in Denmark, Finland, and the Netherlands
According to the 2018 Mercer Global Pension index, the pension systems of Denmark, Finland and the Netherlands are the
Julkaisut Working Papers 65

Labor Market Returns to Vocational Secondary Education

Silliman MikkoVirtanen Hanna
Labor Market Returns to Vocational Secondary Education
We study labor-market returns to vocational versus general secondary education using a regression discontinuity design created by the centralized
Julkaisut Working Papers 64

Lost Boys: Access to Secondary Education and Crime

Huttunen KristiinaPekkarinen TuomasUusitalo RoopeVirtanen Hanna
Lost Boys: Access to Secondary Education and Crime
We study the effect of post-compulsory education on crime by exploiting a regression discontinuity design generated by admission cut-offs
Julkaisut Working Papers 63

Immigrant Innovators and Firm Performance

Fornaro PaoloMaliranta MikaRouvinen Petri
Immigrant Innovators and Firm Performance
We study immigrants’ effects on firm-level innovativeness. Managers, innovators, and other employees are considered as separate groups both in
Julkaisut Working Papers 62

Nowcasting the Unemployment Rate in the EU with Seasonal BVAR and Google Search Data

Anttonen Jetro
Nowcasting the Unemployment Rate in the EU with Seasonal BVAR and Google Search Data
In this paper a Bayesian vector autoregressive model for nowcasting the seasonally non-adjusted unemployment rate in EU-countries is developed.
Julkaisut Working Papers 61

How Do Competition Policy and Data Brokers Shape Product Market Competition?

Koski Heli
This paper empirically analyzes how a data broker affects competition in oligopolistic product markets. It examines a unique case
Julkaisut Working Papers 60

Missing Growth in Finland

Anttila Juho
This study investigates the extent of ’missing growth’ in Finland due to upward bias in the cost-of-living measurement. This
Julkaisut Working Papers 59

Investor Attention and Technology Salience: Does Personal Data Related Innovation Boost Firm Value?

Koski HeliLuukkonen Juha
This paper empirically analyzes how markets value personal data related innovation in four prominent domains, in which firms’ potential
Julkaisut Working Papers 58

Ctrip: China’s Online Travel Platform – Local Giant or Global Competitor?

Shao TianyiKenney Martin
In a large number of sectors, Chinese internet platform firms have grown to enormous size leveraging a rapidly growing,
Julkaisut Working Papers 57

Aggregate Risks, Intergenerational Risk-Sharing and Fiscal Sustainability in the Finnish Earnings-Related Pension System

Lassila Jukka
We study how aggregate demographic and economic risks affect the finances of the Finnish earnings-related pension system and the
Julkaisut Working Papers 56

The Effects of an Education-Leave Program on Educational Attainment and Labor-Market Outcomes

Kauhanen Antti
I study the effect of an education leave subsidy for the employed on labor-market outcomes and educational attainment using
Julkaisut Working Papers 55

Parental Job Loss and Application Decisions in Finnish Post-Secondary Education

Laukkonen Marja-Lisa
In Finland, there are no tuition or application fees for post-secondary education. However, the application and admission processes by
Julkaisut Working Papers 54

ETLA Macro Model for Forecasting and Policy Simulations

Lehmus Markku
This paper presents a review of a quarterly macroeconomic model built for forecasting and policy simulation purposes at the
Julkaisut Working Papers 53

The (Unfulfilled) Potential of Data Marketplaces

Koutroumpis PantelisLeiponen AijaThomas Llewellyn D W
Although industrial datasets are abundant and growing daily, they are not being shared or traded openly and transparently on
Julkaisut Working Papers 52

Invention Machines: How Control Instruments and Information Technologies Drove Global Technologigal Progress over a Century of Invention

Koutroumpis PantelisLeiponen AijaThomas Llewellyn D W
Inventions depend on skills, experience, and information exchange. Information is shared among individuals and organizations both intentionally and unintentionally.
Julkaisut Working Papers 51

The Young, the Old and the Innovative: The Impact of R&D on Firm Performance in ICT versus Other Sectors

Koutroumpis PantelisLeiponen AijaThomas Llewellyn D W
Although innovation opportunities within the ICT industry are assumed high in comparison with other industries because of their rapidly
Julkaisut Working Papers 50

Export Product Range and Economic Performance – An Emphasis on Small Advanced EU Countries

Kaitila Ville
We analyse the number of different HS8 products in the EU countries’ ex-ports in 1995–2015. We review what share,
Julkaisut Working Papers 49

Informal vs. Formal Care in Finland: Monetary Incentives and Fiscal Implications

Määttänen NikuSalminen Tomi
We consider the private economic incentives and the fiscal consequences related to informal long-term care by e.g. family members
Julkaisut Working Papers 48

Digital Music Industry – Background Synthesis

Sellin DerekSeppälä Timo
After 15 years of decline, music industry revenues appear finally to have turned a corner with the growth of
Julkaisut Working Papers 47

Small and Medium Firms, Aggregate Productivity and the Role of Dependencies

Fornaro PaoloLuomaranta Henri
We analyze the productivity contribution of firms in the Finnish business sector, using data from 2002 until 2014, and
Julkaisut Working Papers 46

Nowcasting Finnish Turnover Indexes Using Firm-Level Data

Fornaro PaoloLuomaranta HenriSaarinen Lauri
We adopt a series of shrinkage and factor analytic methodologies to compute nowcasts of the main Finnish turnover indexes,

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