The rapid diffusion of technology is a prerequisite for small countries to catch-up or remain at the fore-front of the technology race. The critical issue is how innovation policies can be framed so that they encourage the diffusion of technology and consequently upgrade the domestic technology...

The study consists of four essays, which analyse the implications of labour taxation and unemployment insurance (UI) in the models of imperfectly competitive labour markets. The first essay studies the effects of labour taxation on unemployment and efficiency in a search equilibrium model with...

This research describes the role of International Financial Institutions and the Financial Framework of the European Union in development of the Northern Dimension countries. It also describes the region as an operational environment. We have compared the loans disbursed to the region in...

We evaluate the effects of labour and environmental taxes in a general equilibrium model with unionised labour markets and involuntary unemployment. Environmental externality is related to the consumption of a polluting output. In particular, we examine whether a "double dividend" in terms of...

We examine the determinants that shape the spending preferences of public sector employees on several budgetary appropriations. Following Niskanen?s (1971, 1975, 1994) budget maximising theory, we test whether these employees prefer larger budgetary appropriations rather than less. We measure...

This is the final report on macro-economic cost assessment of a domestic climate policy programme for Finland. The core assessment work was done with an energy systems model (EFOM) soft linked with a macro-economic model (KESSU). The study was carried out in co-operation with VTT Energy. The...

Dynamic general equilibrium models are studied from a mathematical point of view. Study concentrates on conditions of optimality, stability and especially numerical solution algorithms. Models are also studied in respect of suitability for expanding the generational accounting method. In...

KNOGG, an EU financed thematic network, studies the role ST&I policies play in driving economic growth in six small European economies. It aims to develop guidelines at the EU level for improving knowledge-based growth in small European economies. This report sets the stage of the project, and...

By using the two-period model, this study analyzes the effects of forest taxation on the short-term timber supply of nonindustrial private forest owners. The study consists of three separate articles and a note that have been published in forest economic journals. In each the assumption is made...