Search results for "kansantalous"
showing 10 items of 36 documents
Able or unable to work? : Life trajectory after severe occupational injury
2018
Purpose: To study the probabilities and permanence of return to work, inability to work and rehabilitation, and to explore the connection between these life situations and later working after a sev...
Multidimensional financial development, exporter behavior and export diversification
2020
Financial development shapes export sector performance because exporters need external finance and face credit constraints. Previous empirical research has relied largely on single-country studies. The Exporter Dynamics Database (EDD), which features firm-level exports from over 60 countries, reveals differences in the microstructure of the export sector across countries. In this paper, we first provide new evidence that these differences are related to cross-country variation in financial development and structure. Second, we combine the EDD and multidimensional data on financial development with a global database on export diversification. This study is the first to examine how macrolevel…
Cross-country variation in patience, persistent current account imbalances and the external wealth of nations
2022
This paper is the first to utilize large-scale international surveys on economic preferences to examine the long-run relationships between patience, current accounts and external wealth. We find robust empirical evidence that countries with more patient individuals tend to run persistent current account surpluses, which in turn result in the accumulation of foreign assets. This theoretically plausible but empirically unexplored relationship holds true for euro area current account imbalances, global current account imbalances and net foreign asset positions worldwide. While the existing current account literature concentrates on proximate macroeconomic determinants, this paper’s extension o…
Immaterial capital : ideas of human and social capital in the Older Historical School of German Political Economy
2007
Road to unity? : Nordic economic convergence in the long run
2022
This study examines Nordic economic convergence from the sixteenth to twentieth century respective of the economic leaders, in effect the UK before 1914 and USA thereafter. The paper uses a novel approach of combining the analysis of both GDP and wages. The examination of real GDP per capita suggests that there was a catch-up process in play, both with the economic leaders and among the Nordic states, from the early nineteenth century onwards. However, the examination of the adjusted silver wages suggests convergence among the Nordic economies by the end of the eighteenth century. Therefore, we argue, no single Nordic Model emerged from these development patterns, even though the Nordic sta…
Bayesian applications in dynamic econometric models
2009
The purpose of this thesis is to provide a few new ideas to the field of Bayesian econometrics. In particular, the focus of the thesis is on analyzing dynamic econometric models. In the first essay, we provide an easily implementable method for the Bayesian analysis of a simple hybrid DSGE model of Clarida et al. (1999). The forecasting properties of the model are tested against commonly used forecasting tools, such as Bayesian VARs and naïve forecasts based on univariate random walks. In particular, the predictability of three key macroeconomic-variables, inflation, short-term nominal interest rate and a measure of output gap, are studied using quarterly ex post and real-time U.S. data.Our…
Kasvun tekijät : tutkimus Suomen teollistumisen ajan perustajayrittäjistä 1870-1990
2017
Company founders are important agents in business economics. I investigated entrepreneurs who founded successful, long-standing and high-growth companies. The data include 402 Finnish founder entrepreneurs who had founded a company and had been awarded the Finnish title of neuvos during the period 1917-2015 (i.e., since the beginning of Finnish independence). So far only few longitudinal studies have been presented on company founders in Finland. This study focuses on the era of industrialism in Finland and addresses the following research questions. First, what kind of entrepreneur groups are identified in different phases of industrialism when studying the backgrounds, education and work …
Perheyritykset kansantalouden resurssina : keskisuurten ja suurten yritysten omistajuus, toiminnan laajuus ja kannattavuus Suomessa 2000-2005
2009
The first main goal of the research is family business contribution analysis, anexamination of the economic effect of family businesses in Finland. Another topic ofinterest is the relationship between the type of ownership and financial performance ofthe firm, a comparison analysis of profitability between family and non-familybusinesses.On a world-wide basis, the contribution of family businesses to nationaleconomies is considerable. However, the exact extent of the impact of familybusinesses has remained unknown. One reason for this problem is the fact that thereare neither official statistics nor representative performance data available of familybusinesses at the national economic level…
Reaalisten yksikkötyökustannusten kehitys ja siihen vaikuttavat tekijät Suomessa ja Ruotsissa
2016
Artikkelissa tarkastellaan toimialojen reaalisten yksikkötyökustannusten, eli työn kannattavuuden, makro- ja mikrotekijöitä Suomen ja Ruotsin tehdasteollisuuden ja yksityisten palvelujen aloilla vuosina 1995–2014. Makrotekijöitä ovat työn tuottavuus, työn hinta ja arvonlisäyksen hinta. Mikrotekijöitä ovat jatkavissa yrityksissä tapahtunut muutos, jatkavien yritysten välillä tapahtunut työpaikkarakenteiden muutos sekä yritysten vaihtuvuus yritysten markkinoille tulon ja markkinoilta poistumisen välityksellä. Välineenä käytetään yritysaineistoja, jotka kattavat periaatteessa koko yritystoiminnan ja toimialamuutosten mikrotason hajotelmia. Tulosten mukaan yritysdynamiikalla on merkittävä posit…
A new paradox of the digital economy - Structural sources of the limitation of GDP statistics
2018
The Internet has dramatically changed the way we conduct business and our daily lives by provided us with unprecedented services and conveniences. However, contrary to such accomplishments, productivity in industrialized countries is now experiences an apparent decline. This has raised the question of a possible productivity paradox in the digital economy. The limitation of GDP statistics in measuring the advancement of the digital economy has thus become an important subject. This paper analyzed the structural sources of this problem. Utilizing the results of empirical analyses of national, industrial, and individual behavior in the digital economy, solutions to these critical issues were …