This report documents a blockchain application developed for the real estate sector. The application enables distributed workflow management in a complicated transaction process: the selling of a share of stocks in a housing corporation. As its core element, the application utilizes...

This paper analyses the importance of scale economies by means of unbalanced plant-level panel data from three Norwegian manufacturing industries. Focus is on heterogeneous technologies, and unlike most previous work on micro data, the model description includes heterogeneity in both the scale...

Although environmental regulations may imply a cost increase on firm's conventional input factors, such regulations could stimulate the incentives to improve factor productivity. Productivity measures including indicators capturing environmental improvements may also show higher or lower...

The Integration Pollution and Prevention Control (IPPC) directive from the European Union implies that the regulatory emission caps should be set in accordance with each industry's Best Available Techniques (BAT). The directive is under implementation in Norway, and it represents a refocus of...

Productivity measures ignoring environmental effects may give misleading information on total productivity growth. Further, business cycles in the form of capacity utilization may also significantly influence productivity measures. In this paper, we develop an overall Malmquist productivity...

The importance of our forests is growing. Forest industry has retained its vital position within Finnish economy, and it seems reasonable to assume our forests' value added will contribute to Finland's wealth also far into the future. Of more recent interest is the value of forests being...

In this paper, we analyse the economic impacts of the low-carbon roadmap made for the Finnish forest indus-tries. The analysis is based on a future scenario provid-ed by AFRY. Given the unit prices and production levels of six forest industry production categories, we assess the value added and...

Notwithstanding the research attention given to the implementation of lean practices, particularly in the developed countries, its adoption in the furniture industry in emerging economies is not promising and confined to a handful of studies only. The purpose of this study is to examine the...

The Russian-Ukrainian war has led to an increase of stress on forests. International sanctions have hit timber exports from Russia and Belarus, and the conflict severely affects timber production in Ukraine. The three countries accounted for a quarter of the worldwide timber trade in 2021, and...

This paper provides a theoretical framework to study the behavioral and welfare effects of forest conservation, which leads to a binding harvesting constraint for landowners. The economy is modeled as a three-stage game by the interaction of the government’s conservation policy, with...