Tässä raportissa esitetään hiljattain valmistuneen EU-rahoitteisen tutkimushankkeen keskeisimpiä tuloksia. Hankkeen painopiste oli koulutuksen yksilöille tuottamassa taloudellisessa hyödyssä palkassa mitattuna sekä julkisen rahoituksen vaikutuksissa tähän yksityistaloudelliseen...

Kioton pöytäkirjassa YK:n ilmastosopimukseen määritellään Euroopan unionille kasvihuonepäästöjen tavoitteeksi kahdeksan prosentin vähennys vuoteen 1990 verrattuna. Euroopan unionin sisäisessä taakanjaossa Suomelle sovittu kaavailtu kasvihuonepäästöjen tavoite on nollakasvu vuoteen...

This paper investigates comparative advantage and its development across selected Asian, American and European countries between 1996 and 2002. In doing so, we calculate the Balassa index of revealed comparative advantage using industry data at the HS 4-digit level. The major part of the...

Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market economies (EMEs) of Central and Eastern Europe towards the EU15 average by 2050. We estimate the countries’ initial capital stocks and project future investment as a function of...

We analyse the development of labour productivity and hours worked by the working-aged population in the EU25 countries and other OECD countries in 1960-2004. We emphasise the possible effects of taxes, benefits and other labour-market variables. First, we describe the trends in productivity and...

The paper analyzes the appointment of the European Commission as a strategic game between members of the EU's Council of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal...

In this paper, we examine the relationship between the euro exchange rate and domestic inflation in the EMU area. This issue has gained importance as the euro has depreciated around 20 per cent during the first eighteen months of EMU, and is now a serious concern for the European Central Bank...

Economic convergence of the new member countries (NMCs) of the EU towards the incumbent EU countries (EU-15), not only in terms of real income, but also in nominal terms, is of paramount importance for both partners. We build a dynamic CGE model, starting from the Balassa-Samuelson two-sector...

Using pooled mean-group estimation we first analyse conditional convergence in the EU15 area in 1960-2002. Conditional convergence is well documented for the EU15 countries and deeper European integration is mostly shown to have fastened convergence. Also higher investment, lower public...