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Finland's First 10 Years in the European Union - Economic Consequences
(Valtion taloudellinen tutkimuskeskus VATT, 2006-01-13)
This paper summarizes the economic performance of Finland in 1995–2004 and compares the actual developments to the projections made prior to the EU membership. The paper also assesses the impacts of the structural changes ...
Employment Growth and Labour Market Flexibility in OECD Countries
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
This paper investigates the adjustment of employment to population shocks in 22 OECD countries over the period 1960 - 1997. Most of the countries have experienced significant population shocks during that period. The speed ...
The Evolution of the Finnish Model in the 1990s: from Depression to High-tech Boom
(Valtion taloudellinen tutkimuskeskus VATT, 2004-12-15)
Finland has recently got much admiration due to economic success reflected in rankings of competitiveness, technology, education and economic growth. This success has largely been embodied in the growth of Nokia group and ...
Do automatic stabilisers take care of asymmetric shocks in the euro area?
(Valtion taloudellinen tutkimuskeskus VATT, 2000-12-01)
This paper deals with the question whether the automatic fiscal stabilisers are strong enough to solve the problem of asymmetric shocks in the Euro area. The question is important for many reasons, for instance in terms ...
Social Security Funds, Payroll Tax Adjustment and Real Exchange Rate: The Finnish Model
(Valtion taloudellinen tutkimuskeskus VATT, 1999-01-01)
This paper presents the Finnish system of EMU buffer funds. The idea of the buffer funds is to finance
temporary reductions of payroll taxes in a case of asymmetric shock facing the economy. It is well-known that by ...
Taxes, Growth and Unemployment in the OECD Countries - Does Collective Bargaininig Matter?
(Valtion taloudellinen tutkimuskeskus VATT, 2000-12-19)
This paper analyses how collective bargaining affects the level and structure of labour and capital taxes in OECD countries by using cross-country-time-series data. Corporatist countries are found to have higher effective ...
Are Government Expenditures Productive? Measuring the Effect on Private Sector Production
(Valtion taloudellinen tutkimuskeskus VATT, 2006-03-03)
This paper analyses the productivity of public expenditures. It follows the branch of literature originated by Aschauer but has also some novel features. First of all, it focuses on the effect of both public investment and ...
Growth and Employment in Nordic Welfare States in the 1990s: a Tale of Crisis and Revival
(Valtion taloudellinen tutkimuskeskus VATT, 2004-06-11)
This paper reviews the macroeconomic performance of the so called Nordic welfare states, especially in terms of growth and employment. In the post-war years the Nordic economies enjoyed rapid growth and full employment. ...