Working Papers

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,
Julkaisut Working Papers 45

Technology Disruptions as Enablers of Organizational and Social Innovation in Digitalized Environment

Koski HeliMelkas HelinäMäntylä MarttiPieters RoelSvento RauliSärkikoski TuomoTalja HeliHyyppä JuhaKaartinen HarriHyyppä HannuMatikainen Leena
This paper illustrates how disruptive technologies primarily shaking the functioning of service sector are spreading to the manufacturing industries,
Julkaisut Working Papers 44

Job Creation and the Role of Dependencies

Fornaro PaoloLuomaranta Henri
We contribute to the extensive literature on the relationship between firm size and job creation, by examining the effects
Julkaisut Working Papers 43

Industrial Blockchain Platforms: An Exercise in Use Case Development in the Energy Industry

Mattila JuriSeppälä TimoNaucler CatarinaStahl RiittaTikkanen MarianneBådenlid AlexandraSeppälä Jane
To encourage public discourse on blockchain use case development, this paper provides a pragmatic view on how to develop
Julkaisut Working Papers 42

Business Owners, Employees and Firm Performance

Maliranta MikaNurmi Satu
Abstract The novel Finnish Longitudinal OWNer-Employer-Employee (FLOWN) database was used to analyze how the characteristics of owners and employees
Julkaisut Working Papers 41

Within and Between Firm Trends in Job Polarization: Role of Globalization and Technology

Pekkala Kerr SariMaczulskij TerhiMaliranta Mika
This paper analyzes occupational polarization within and across firms using comprehensive matched employer-employee panel data from Finland. The occupational
Julkaisut Working Papers 40

Descriptive Findings on the Convergence of Female and Male Mortality in Europe

Alho Juha
Female life expectancy has almost universally been higher than male life expectancy. But, both have increased rapidly during the
Julkaisut Working Papers 39

Trade and Innovation: Matched Worker-Firm-Level Evidence

Tuhkuri Joonas
This paper examines the relationship between globalization and innovation. To do so, it draws from data that match the
Julkaisut Working Papers 38

The Blockchain Phenomenon – The Disruptive Potential of Distributed Consensus Architectures

Mattila Juri
Blockchain technology is disrupting society by enabling new kinds of disintermediated digital platforms. Furthermore, it is also providing efficiency
Julkaisut Working Papers 37

Estimating Production Functions of Multiproduct Firms

Valmari Nelli
Abstract Despite the fact that multiproduct firms constitute a considerable share of firms and account for an even greater
Julkaisut Working Papers 36

Global Value Chain Upgrading

Ylömäki Tobias
Global value chain (GVC) upgrading is a key factor in country-level economic performance. Therefore it is important to study
Julkaisut Working Papers 35

Forecasting Unemployment with Google Searches

Tuhkuri Joonas
Data on Google searches help predict the unemployment rate in the U.S. But the predictive power of Google searches

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