The report analyses the impacts of globalization on competitiveness of national economies, industries and firms. The focus is in mechanical and electrical engineering and machinery. Global division of labor has significantly changed over the past few decades when the large emerging economies -...

We characterize increases and decreases in plant-product -level output sales in the Finnish manufacturing sector during years 2006 to 2015. We show that during the recession of 2008 to 2009, the intensity of variation in plant-product -level sales diminished, and it took several years until the...

This study analyzes trends in specialization of the Finnish industry since the 1980s. Low technology industries, such as pulp and paper, have had traditionally a large proportion of the Finnish industrial output. During the recent decades their share of output has decreased significantly and...

This study analyzes trends in specialization of the Finnish industry since the 1980s. Low technology industries, such as pulp and paper, have had traditionally a large proportion of the Finnish industrial output. During the recent decades their share of output has decreased significantly and...

The report analyses the impacts of globalization on competitiveness of national economies, industries and firms. The focus is in mechanical and electrical engineering and machinery. Global division of labor has significantly changed over the past few decades when the large emerging economies -...

There are over 3 billion searches globally on Google every day. This report examines whether Google search queries can be used to predict the present and the near future unemployment rate in Finland. Predicting the present and the near future is of interest, as the official records of the state...

This report examines whether Google search queries can be used to predict the present and the near future house prices in Finland. Compared to a simple benchmark model, Google searches improve the prediction of the present house price index by 7.5 % measured by mean absolute error. In addition,...

Euro Area member states have agreed to introduce a structural budget balance target to their national legislation (Treaty on Stability, Coordination and Governance). However, there exists no commonly agreed methodology to calculate this macroeconomic indicator. This report presents the...

Tässä artikkelissa tarkastellaan yritysdynamiikan vaikutuksia talouteen makrotasolla käyttämällä hyväksi tietoja aloittaneiden ja lopettaneiden yritysten lukumääristä ja joukosta keskeisiä makrotalouden muuttujia. Tulosten mukaan erityisesti uusien yritysten syntymisellä on tärkeä...

This paper discusses the Finnish experiences of Active Labour Market Policy (ALMP) across the economic cycle, especially in economic downturn. Cuts in unemployment spell duration have been the main factors to contribute in decreasing the unemployment in the recent years. Subsidised employment...