This is an evaluation study which examines the financing process through which Finnish enterprises apply and receive business subsidies from the central government. It examines comprehensively the three entities involved when this type of state aid is distributed in Finland, namely the applicant...

This report gives an overview of the implications of electricity market liberalisation, with special reference to the Nordic market and Finland. The principal focus is on the functioning of the wholesale (generation) and retail (endusers) markets. Furthermore, the handling of risks and the...

This study represents the results of a comparative econometric analysis of the determinants of earnings and unemployment durations. The analysis uses two sets of panel data, one drawn from the outflows of unemployment and another from the working age population. The earnings of people leaving...

This paper presents a model where the central government cannot ensure that regional governments manage risks prudentially, due to soft budget constraint. Competition for project funding induces the regional governments use financial instruments as commitment devices as a signal of prudential...

We study the earnings losses of Finnish private sector workers who lost their jobs at two very different points in the business cycle. The first group was displaced in 1992 (depression period) and the second one in 1997 (recovery period). The focal point of the analysis is the quantile...

This report is the first of a series of reports produced by the Climate Bonus study. In this project is surveyed what are the possibilities and the effectiveness of the combined use of (1) verified carbon footprints (possibly visualised through labels), (2) personalised monitoring and feedback...

In this paper we apply a stochastic frontier approach to examine how matching efficiency and regional differences in structural factors contribute to regional and aggregate unemployment. Our results suggest that there would be a substantial decline in aggregate unemployment if (i) all local...