This book explores the impact of public R&D funding on the economic performance of Finnish firms, especially in terms of productivity growth and job creation. Special attention is thereby paid to the potential influence exerted by two crucial characteristics of firms – their size and their...

This book reveals the importance of the forest-based and related industries of the European Union, which is a large economic entity, providing widespread benefits to the whole of the EU. Combined, these industries provide direct employment for over 4 million people, have a turnover of 400...

Biotechnology has been one in a row of business hypes, preceded by the dot-com boom and followed by megatrends such as nanotechnology and cleantech. Common to all is the challenge of creating value from research and development – and so is an inherent risk of failure. The created value finds...

Now that the worst of the growing pains have been subdued, cleantech has made a respectable comeback onto the global agenda of firms, investors and economic developers alike. One might say it is bigger than ever, with a constantly proliferating range of cleantech companies and business models....

There are different academic assessments as to what lies behind Russia’s GDP growth: total factor productivity or fixed capital investments. Studies that reconstruct capital stocks for Russia using gross fixed capital formation and the perpetual inventory method tend to lean towards the former...

We examine the significance of Russian markets for Finnish business. After analysing Russia’s economic structures we evaluate and use econometrics to explain the development of Finnish exports there. If all re-exports are removed from export statistics, Russia’s share in Finnish goods...

Global health care issues are driving the public sector into a balancing act between conflicting and complementary forces of inevitable change: an ageing population, the explosion of new therapeutic technologies, a critical shortage of clinical professionals, the desire to improve clinical...

This brief is about changing expectations on publicly-funded university researchers to contribute to socio-economic goals primarily through commercialisation, such as the creation of spin-out companies. Based on our research in the UK and Finland we argue that this kind of...

We find that one third of Finnish employment is highly susceptible to computerization in the next decade or two. While this share is large, it is ten percentage points less than the corresponding share in the United States, which reflects cross-country differences in occupational structures. Low...