The report looks at investment activity in Finland by industries and types of investment, and makes international comparisons. Investment rate (fixed investment in relation to GDP) fell in Finland in the early 1990s from an internationally high level to the average West European rate. Among key...

This thesis studies the impacts of technology development and R&D subsidies. The first essay examines whether public and private R&D funding are substitutes or complements. Particular attention is paid to capital market imperfections by examining what kind of effect financial constraint has on...

This study investigates the relationship between innovations and firm growth, based on the data of Finnish firms operating in the software industry. We find that in terms of turnover and employment, firms with only technological innovations do not grow more rapidly than other firms. However,...

This study analyses the extent of outsourcing in Finnish manufacturing. We find that in the early 2000s, 60% of companies in the Metal, Engineering and Electronics industries (the Technology industry) on average have outsourced some of their functions. In other manufacturing industries, the...

Tässä tutkimuksessa simuloidaan lääkekehitykseen suuntautuneiden pienten ja keskisuurten biotekniikkayritysten tulevaisuutta, erityispainopisteenä kansantaloudelliset implikaatiot. Simulaatiossa huomioidaan vaihtoehtoisia kehityspolkuja, joiden avulla on arvioitu erilaisten...

This study analyses the economic impacts of R&D inputs. In the model employed, sectoral TFP growth is determined by the direct impact of R&D inputs on the volume of production via the improvement in the quality of production as well as by the diffusion of new technology through purchases of...

This study analyses the motives and results of outsourcing. According to the results, companies have pursued outsourcing for a variety of reasons. Cost savings are the major driving force behind the outsourcing of production function. Increased flexibility, focusing and additional capacity are...

The phenomenon of physical R&D-manufacturing co-location is interesting, because researchers have made very different observations regarding its prevalence. In some populations co-location of the two functions seems to be the norm; in others, an exception. However, we still do not have an...

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...

This study analyses the extent and motives of outsourcing and offshoring. We find that in early 2000, 10, 000 23, 000 jobs were transferred overseas from Finland. Annually this corresponds to approximately 1.0 2.5% of normal job losses and creations in the Finnish labour market. The majority of...