The creation and effects of social capital have seldom been a target for systematic analysis in orthodox economics. The purpose of the paper is to argue that in order to include social capital, along with physical and human, into economic analysis, we have to regard human preferences as...

In the report we analyse the reasons for the weakness of Finland’s economic performance over the past decade and assess the growth prospects in the coming 5 years. The weakness of Finland’s performance relative to comparative EU-countries since 2009 can largely be explained by the collapse...

This study analyses the adjustment of the Finnish earnings-related pension system to very low economic growth. The results show that a permanently lower growth rate of the wage bill would raise only moderately the pension contribution rates in the long term. This is because also the benefits are...

Raportissa tarkastellaan sotilaallisen t&k-panostuksen ja kilpailukyvyn välisiä yhteyksiä. Aineistona käytetään brittiläisen International Institute for Strategic Studies -laitoksen (IISS) ”The Military Balance” -raportin tietoja länsimaiden sotilaallisen t&kpanostuksen...

Raportissa tarkastellaan turvallisuuden ja kilpailukyvyn välisiä yhteyksiä kansainvälisten kilpailukykyindikaattoreiden valossa. Raportti on laadittu uusimman vuonna 2003 ilmestyneen World Economic Forumin (WEF) ja vuonna 2004 ilmestyneen International Institute for Management Development...

If entrepreneurs are understood to be individuals who perceive new opportunities, introduce them in the market place, and make decisions regarding the organization of production, they may be considered to be the primary source of a society's economic wellbeing. If such entrepreneurship is...