Is the process of workforce aging a burden or a blessing for the firm? Our paper seeks to answer this question by providing evidence on the age-productivity and age-earnings profiles for a sample of plants in three manufacturing industries (forest, industrial machinery and electronics) in...

This paper studies the effect of foreign-owned companies (FOCs) in the region on establishment survival and growth in the Finnish business sector. We analyze whether the presence of the FOCs has asymmetric effects among the local businesses. Foreign presence in the region is measured in a novel...

The marked acceleration of Finnish productivity growth since the mid-1980s is attributable to intensifying creative destruction, understood as the joint effect of market entry and exit as well as resource reallocation between continuing plants and firms. This acceleration coincided with the...

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...

In this paper, we examine firm innovation and its link to firm growth. Instead of using the conventional conceptualization and operationalization of innovation in terms of the R&D budget, we use a more elaborate 12-dimensional conceptualization, which takes into account also the...

Energy industries in Russia and in Northwest Russia in particular are of the utmost importance and occupy the largest shares in the total industrial production and exports. Northwest Russia is developing into the major export hub for the Russian energy exports. It means that the appropriate...

This study examines the Northwest Russian forest industry, traditionally the regions most important industry, its competitiveness and future prospects. The transition to the market economy and privatization have left their mark on the industry. Demand and markets have changed, requiring new...

This book presents the Northwest Russian metal industries and the most important companies, and examines their competitiveness and future prospects. Metal industry plays an important role in Northwest Russia. Its share in the industrial output is over 20%. The transition from the socialistic...

We use the concept of marginal intra-industry trade (MIIT) to analyse the effect of trade expansion on labour productivity growth across 23 EU countries and 94 manufacturing sectors in 1995-2005. The highest MIIT index values are found in sectors producing differentiated goods as well as in...

A Climate Agreement, like the one reached in Kyoto in 1997, on reducing greenhouse gas emissions may have important effects on the global and the national economies. The aim of this paper is to make some basic numerical evaluations of the economic effects of climate policies, imposing a ceiling...