market equilibrium and whether innovation subsidies can improve industry productivity by mitigating such a tax distortion. …Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments … that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments …

innovators from high-productivity firms. These findings suggest that innovation subsidies contribute to economic renewal and the …The bulk of innovation subsidies in Finland are allocated to firms in industries where the employment share of … among young firms. At the firm level, an increase in innovation subsidies is typically associated with an inflow of …

One of the key goals of trade policy, which includes FTAs, should be the enhancement of productivity in the overall … economy through the improved productivity of the tradable sector. This can be achieved by enhancing the productivity of … existing firms, and eliminating lowproductivity firms to improve overall industrial productivity. This study examines the …

International literature suggests that productivity growth of the global frontier firms – those in the best five … productivity of the Finnish frontier firms does not diverge from the others to such a degree as in the international comparisons …

employment, especially among young and small companies. Impacts on the productivity are, however, uncertain. Cooperation of … help firms to grow larger but do not improve their productivity. …

of foreign mergers and acquisitions on labour productivity and employment growth up to five years after acquisition. Our …