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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 ...
Technical Change, Efficiency, Firm Size and Age in an RD Intensive Sector
(Valtion taloudellinen tutkimuskeskus VATT, 2006-05-04)
The relationship between firm size and age relative to technical change and efficiency is examined in a highly innovative and dynamic sector, the Finnish ICT equipment manufacturing industry. A stochastic frontier model ...
RD and Productivity Growth in Finnish ICT Manufacturing
(Valtion taloudellinen tutkimuskeskus VATT, 2006-05-04)
A stochastic frontier model is applied to firm level panel data from the Finnish ICT manufacturing sector to explore the role of R&D and technological progress in the outstanding productivity growth Finland demonstrated ...
Technical Efficiency in an RD Intensive Industry: Finnish ICT Manufacturing
(Valtion taloudellinen tutkimuskeskus VATT, 2006-05-04)
Technical efficiency levels in Finnish ICT manufacturing are established by applying a stochastic frontier model and retrieving Method of Moments and Battese-Coelli efficiency measures to identify both permanent and ...
Durable Goods and Household Saving Ratios in the Euro Area
(Valtion taloudellinen tutkimuskeskus VATT, 2006-12-29)
The purpose of this paper is to estimate the impact of capitalising durable goods on the Euro area (EA) countries' and the EA-aggregate's household saving ratios and disposable incomes. The reason for this exercise is ...
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 ...
Aspects of Globalization
(Valtion taloudellinen tutkimuskeskus VATT, 2006-01-03)
The author deals with the costs and benefits of globalisation. He also gives a simple explanation of the core economic forces behind the globalisation. The current technical development favours the decline of the fixed ...
Regional Matching Frictions and Aggregate Unemployment
(Valtion taloudellinen tutkimuskeskus VATT, 2006-03-03)
This study demonstrates that a stochastic frontier approach applied to regional level data offers a convenient and interesting method to examine how regional differences in matching efficiency and structural factors ...