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Social Capital and Economic Growth Revisited
(Valtion taloudellinen tutkimuskeskus VATT, 2003-06-09)
Social capital facilitates cooperation in the society. High level of social capital promotes economic efficiency by lowering transaction costs. Trust towards strangers and low level of corruption are examples of high level ...
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 ...
Impact of Business Subsidies on Growth of Firms - Preliminary Evidence from Finnish Panel Data
(Valtion taloudellinen tutkimuskeskus VATT, 2000-06-14)
This study examines the impact of business subsidies on beneficiary and non-beneficiary firms during a short three year period, from 1995 to 1997. The indicator measuring the impact of subsidies on these firms is their ...
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. ...