Publications

Working Papers 151

How Demographic Shocks Show Up in Suomi24 Discussion Forum?

Alho JuhaLin Julian
The collapse of fertility in 2010–2024, corona pandemic in 2020–2024, and the sharp increase of net migration in 2022–2024,
Working Papers 150

Intangible Investment in Finland and Sweden in Survey and National Accounts Data

Pajarinen Mika
We compare the structure of intangible investment in Finland and Sweden in 2015–2021 using two data sources: the EU
Working Papers 149

Intangible Capital: A Country and Industry-level Comparison 2000–2021

Kaitila Ville
Intangible and tangible investments, and the capital stock accumulated over time, play a key role—alongside the labour input and
Working Papers 148

Intangible Capital as a Source of Economic Growth and Productivity: A Literature Review and Policy Guidelines

Rouvinen Petri
This review synthesizes the latest scholarly evidence on intangible capital. Drawing on 60 recent studies across macro, meso, and
Briefs 188

Batteries, Not AI, Will Define the Next Geoeconomic Era: Chinese Dominance and the Western Response

Kenney Martin
The global transition toward electric vehicles and renewable energy represents a fundamental shift in the world’s techno-economic paradigm. Drawing
Briefs 187

The AI Transformation is More Likely to Increase Rather Than Reduce Human Work

Kauhanen AnttiRouvinen Petri
AI is transforming professions, organizational structures, and business models, but it will neither eliminate human work nor cause average
Briefs 186

Directions for Major Transitions: Lessons from the Cartagena Research Project

Kauhanen AnttiKoski HeliKuusi TeroKässi OttoRouvinen PetriWang Maria
Technological progress is the most important source of economic growth, but its effects on productivity and well-being depend on
Working Papers 147

Green, Yellow, Red: How Personalized Nutrition Feedback Shifts Grocery Purchases

Koski HeliKuikkaniemi Kai
We studied whether personalized nutritional feedback on past grocery purchases shifts subsequent consumer choices. In September 2020, Finland’s largest
Reports 181

Hidden Networks: Value Chain Vulnerability and Indirect Sourcing in the Nordic Region

Ali-Yrkkö JyrkiBøegh Nielsen Peter
The findings demonstrate that regional Nordic trade contains significant hidden exposure to non-European markets. On average, 11% of intermediate
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
Academic Publications

Immigration and Firm Innovation: Evidence from Finnish Manufacturing

Maczulskij Terhi
This study examines the relationship between immigration and firm-level innovation in the Finnish manufacturing sector. The analysis exploits unique
Books

Finland 2051

Kangasharju AkiRouvinen Petri
Finland 2051
The vision set out in this anniversary publication, Finland 2051 (Suomi 2051. In Finnish with an abstract in English.),
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
Reports 180

Global Value Chains Under Geoeconomic Pressure: Impact on Productivity

Ali-Yrkkö JyrkiKuusi Tero
The global economy has shifted from hyper-globalisation to an era of geoeconomics, where the “just-in-time” logic based on cost
Academic Publications

More Aware, But Still Halfway There – Life Insurance Response to Covid-19 in Finland

Kuusi TeroRopponen OlliValkonen Tarmo
We study the impact of the first wave of the Covid-19 pandemic on the demand for risk life insurance
Academic Publications

Which Discoveries Are Paradigm Shifting?

Ashouri SajadHajikhani ArashHyytinen AriRouvinen PetriSuominen Arho
To more closely align theories of paradigm-shifting discoveries and their empirical quantification, we propose a novel measure that incorporates
Academic Publications

Killers on the Road of Emerging Start-ups – Implications for Market Entry and Venture Capital Financing

Koski HeliKässi OttoBraesemann Fabian
The competitive effects of acquisitions made by large US-based technology companies have come under increased regulatory scrutiny over recent
Other publications

Fiscal Multipliers and the Effects of Consolidation Measures in Finland

Lähdemäki SakariPuonti PäiviTervala Juha
Finland faces chronic fiscal deficits, rising public debt, and weak economic growth, making fiscal consolidation an urgent priority. This
Reports 179

Acquisitions, Entrepreneurial Capital, and Firm Performance

Pajarinen MikaYlhäinen Ilkka
We examine how entrepreneurial capital—wealth, experience, skills, and networks—released through acquisitions is reallocated to new and existing firms. We
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.
Briefs 185

The Product Structure of Finnish Goods Exports Has Been Unfavourable

Kaitila Ville
Finland’s share of the total value of global goods exports decreased from 0.72 per cent to 0.35 per cent
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
Briefs 184

What Would a Four-day Work Week Cost Finnish Exports? Factor Prices and Export Price Competitiveness

Markkanen JaakkoSiikanen MarkkuValmari Nelli
We assess what a four-day, 32-hour work week would cost Finland’s goods exports across nine large commodity markets. Absent

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