Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market economies (EMEs) of Central and Eastern Europe towards the EU15 average by 2050. We estimate the countries’ initial capital stocks and project future investment as a function of...

Tässä muistiossa käsitellään EU:n itälaajenemisen vaikutuksia Suomen tuotantorakenteeseen. Tarkastelu jakautuu neljään osaan. Ensiksi tarkastellaan KIE-maiden integroitumista kohti EU:ta. Todetaan, että EU:n laajenemisen suhteen vallitsee merkittävä epäsymmetria siinä, että...

Foreign trade is an important mechanism for economic integration with other countries, and plays a significant role in economic growth. The possible impacts of EU membership on Estonian foreign trade have been discussed for years without reaching a clear conclusion. Although the current paper...

Tässä selvityksessä arvioidaan EU:n itälaajenemisen vaikutuksia Suomen tulevaan väestökehitykseen. Arviointia varten mallinnetaan ekonometrisesti Suomeen suuntautunutta nettosiirtolaisuutta Suomen ja läntisten teollisuusmaiden elintasoeron avulla. Ennustelaskelmissa tätä työvoiman...

The EU15 countries’ real GDP per capita levels adjusted for purchasing power have converged in 1960-2001. Convergence has occurred in two spells, in 1960-73 and 1986-2001, with an interim period of stagnation. We analyse both σ and β convergence and discuss the impact of EU membership, trade...

The study analyses the financial framework of the European Union in 2014-2020 and the prospects of Finland in this framework. The study is structured according to budget headlines the most central of which are the natural resources (agriculture and rural development), cohesion (regional and...

Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms of real income, but also in nominal terms, is of paramount importance for the whole of the EU. We build a dynamic CGE model, starting from the Balassa-Samuelson two-sector...

This paper deals with the design of voting rules in the EU Council. Both internal and external impact of the voting rules are examined. Internal impact affects the distribution of power among the member states and external impact affects power relations between the main decision-making bodies in...

The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer durables impacts both the levels and growth rates of the...

This paper investigates the connection between firm entry and exit and labour productivity growth. The study has its theoretical foundations in modern Schumpeterian growth theory, distance to frontier model and vintage capital models. The importance of productivity enhancing restructuring has...