In this paper our aim is to assess the evolution of the Finnish biotechnology sector during the 2000's. Particular focus is given to the growth expectations and realized outcomes of Finnish biotechnology companies, to the evolution of public investments, and to potential determinants of company...

Even with globalization, industrial clusters are maintaining their importance in today's economy. With the decomposition of production we find that clusters are becoming focused on specific industries and stages of production. This paper analyzes two peripheral Western countries, Finland and...