Climate change is a major global challenge and governments around the world are now promoting environmental technologies to address both climate change and realize new employment and growth opportunities in this rapidly expanding area. Investments have reached unprecedented levels and stimulus...

Hardly any other field has received so much public R&D investments globally in such a short time as nanotechnology. Nanotechnology can be considered as an umbrella term for R&D at the nanometer scale (1‐100 nm) where unique phenomena enable novel applications. The interest given to...

The internationalisation of firms is a salient feature of ongoing globalisation. Internationalisation has traditionally occurred through the extensions of the in-house activities of firms through foreign direct investments or other equity-based arrangements. However, the recent rapid growth of...

The internationalisation of R&D of multinational firms is an important ingredient in the ongoing trend towards globalisation. Previous research on Finnish multinationals has mainly relied on R&D expenditure data. In this paper we provide new insights into how the internationalisation of R&D of...

The global surge in strategic alliances has led observers to coin the concept ”alliance capitalism” and suggest that they amount to a new logic of international business organisation and strategy. From the viewpoint of Finland, as a small and open economy, these developments can have...

In order to shed light on the consequences of the ongoing financial crisis, ETLA conducted two surveys at the end of October 2008. The firm survey targeted firms employing at least 10 persons in Finland (2,017 observations with a response rate of 33%) and the consumer survey targeted...

This paper aims to provide new insights into the analysis of National Innovation Systems (NIS). Whereas the common approach is to analyze specific parts or a defined set of actors and their interactions, this paper attempts to take a more systemic approach by analyzing results of 13 surveys...

Industries go through different phases of evolution where old skills become obsolete and new skills arecrucial for the industrial renewal process. Industry evolution is usually addressed from the perspectives of production and exports, leaving one factor largely unexplored: human capital....

Nanotechnology has been touted as a general purpose technology (GPT) and engine of growth for the 21th century, following in the footsteps of ICT. Nanotechnology is still in an early phase of development, it is scientist driven and thus largely exogenous to the economy at present. In Finland the...

New and advanced process technologies are growing in importance for highly industrialized countries which increasingly have to compete with rapidly-developing, low-cost, countries. Nanotechnology is an interesting example in this context. It may evolve into a platform for industrial renewal in a...