Finland: Selected Issues

November 17, 2015

Preview Citation

Format: Chicago

Finland: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This Selected Issues paper analyzes structural shocks, productivity, and growth in Finland. Finland has gone from being a top-performing advanced economy to a growth laggard since 2007. The rapid decline of the (previously) high productivity information and communications technology sector in recent years has weighed on overall growth and productivity. An analysis of industry-level data indicates that shifts in the sectoral distribution of labor and capital toward lower productivity sectors are also contributing to slower aggregate productivity growth. Firm-level analysis suggests that the aggregate total factor productivity impact of reallocating resources within sectors is limited, although there is more scope to reallocate resources between sectors.

Subject: Labor, Labor markets, Production, Productivity, Total factor productivity, Unemployment

Keywords: Aggregate TFP impact, CR, Global, Government consumption multiplier, ICT sector, Industry, ISCR, Labor markets, Productivity, Productivity sector, Reservation wage, Revenue factor, Total factor productivity, Unemployment, VAT c-efficiency, VAT system, Wage, Wage dispersion, Wage flexibility, Wage growth

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/312
Stock No:

1FINEA2015003
ISBN:

9781513517162
ISSN:

1934-7685

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