This study simulates with two dynamic models the macroeconomic and public finance outcomes of a reduction in the corporate income tax rate in Finland. FOG-model is a dynamic CGE model, which is calibrated to the Finnish economy. NiGEM is a multi-country macroeconometric model. The results show...

European metals end engineering industry has managed to keep its position in global competition. Germany has become the leading manufacturer of machines and equipment. Metals and engineering products are used in nearly all industries and businesses, and especially due to emerging economy growth...

As part of its environmental programme The Finnish National Fund for Research and Development (Sitra) ordered a report from Etlatieto about the status of venture capital (VC) investment in environmental industries including a plan for development of its statistics. A similar report on Finland`s...

Definition and Statistical Monitoring of Environmental Industry Increased Competitiveness for the Environmental Sector. Commissioned by The Finnish National Fund for Research and the Ministry of Trade and Industry, Etlatieto Ltd conducted a study to define environmental business activities and...

In this paper we introduce multi-server queueing systems that can be considered as extensions of conventional M/M/s queue to fractional number of servers. We show that the extended Erlangs delay function can be used to calculate delay probabilities for such systems. This approach enables the...

We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individualsŽ expected lifetime utility. Moreover, it also lowers the...

The paper aims to shed light on the relationships between labour market institutions with respect to wage formation and the effectiveness of economic and labour market policies in enhancing employment and overall economic performance. We evaluate tax and benefit policies under four alternative...

There are almost 200,000 enterprises operating in the Finnish service sector, combined. However, not all of the service industries are the same. Some services have become independent of geographical locations, meaning that they can be exported, much like physical products. Other services still...

Machinery and metal products industry employs about 130,000 people in Finland and another 100,000 people in foreign subsidiaries of Finnish companies. This report focuses on this sectors qualitative or substantive projections for vocational education and training (vocational schools and...

In this paper our aim is to assess the evolution of the Finnish biotechnology sector during the 2000s. Particular focus is given to the growth expectations and realized outcomes of Finnish biotechnology companies, to the evolution of public investments, and to potential determinants of company...