generate notable multiplicative effects in the economy. According to the findings, the productivity and the growth rates of the …

on productivity growth, we estimate that Finland could achieve an annual growth rate of about 2 per cent in the coming 5 …

This study develops a sectoral econometric forecasting model of total factor productivity (TFP). In this model … large and persistent effects on productivity growth especially in the capital-intensive sectors of the economy. Policy …

-output structure of the economy. In the econometric estimation of the model the economy has been divided into nine different sectors … based on their technology level and general importance in the Finnish economy. The estimation results show that R&D efforts …&D efforts. Traditionally, the effects of R&D on productivity have been assessed from an econometrically estimated production …

Productivity in Finland has been increasing very rapidly since the 1980s. The increase from 1980 to 2001 was as much as … sector was 60 %, i.e., 2 times more than the industrial countries. average. Despite the rapid increase the productivity level … telecommunications and transportation, the productivity level is, however, very high by international standards. Productivity differences …