This report uses an international input-output dataset to present an analysis of Finland’s position in global value chains. The results show that intermediate products account for a larger share – some three-quarters – of Finnish exports than they do in most other countries. The share of...

Monetary policy shocks have a large impact on stock prices during narrow time windows centered around press releases by the FOMC. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct effect and a network effect. We attribute 50 to 85 percent of...

Zusammenfassung Für die umweltorientierte Verflechtungsanalyse wird eine Verdichtung der in Input-Output- Tabellen enthaltenen Informationen gewünscht, wobei die quantitative Bedeutung der Verflechtungen weiter erkennbar sein soll. Dazu wird am Beispiel kumulierter Energieaufwendungen ein...

Vorliegende Arbeit beschäftigt sich mit den ökonomischen Auswirkungen der monetären Ströme im Sportsektor (produzierend und Dienstleistungen) für das Berichtsjahr 1995 in Form einer erweiterten Input-Output-Tabelle; dabei werden den gefundenen Ergebnissen und erstellten...

The concept of trade openness is broadly applied as a potential predictor in numerous empirical studies, despite the fact that no commonly accepted approach of measuring openness has been developed. The most widely applied (‘traditional’) openness indices are not able to accurately calculate...

This paper combines factor demand functions and price equations derived from a Generalized Leontief cost function with the traditional input - output price model. At the first level of aggregation Generalized Leontief cost functions for the factors intermediate input and labour are set up for...

The rise of the service economy has been the predominant pattern of structural change in the twentieth century. This article investigates the driving forces behind the recent stages of this development. Focusing on international input - output data from the early 1970s to the 1990s, a...