Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare and from well-known inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public innovation policies are used in practice. This report...

This paper studies how firms contribute to the productivity growth of an industry over their lifecycle. We present a decomposition method that allows us to condition the components of productivity growth on the age of production units. We find evidence for a prolonged positive exit effect that...

The study investigates, by using econometric evaluation methods, how the usage of Fin-pros (a public agency promoting internationalization of business) services impacts on the internation-alization and performance of small and medium-sized firms in Finland. We measure internationalization and...

The earnings-related pension system is partially pre-funded in Finland and has currently large reserves. This has roused debate whether the pension funds should take a more active role in promoting employment, growth and domestic ownership of the firms. We analyse the justifications presented...

Finpro is an expert service organization, partly financed from public funds, providing services for internationalization market information, consulting and advice, business development, and other related services. It is one of the largest organizations in the Finnish innovation and business...