Latest articles and blogs
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Divergence of productivity growth in Finnish companies
The number of low-productivity firms in Finland is large, but average productivity is being raised by a small pack of frontrunners. Even in such frontier firms, productivity growth is mostly torpid.
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Are weakly profitable firms suppressing economic growth?
Unprofitable firms occupy economic resources and slow down productivity growth.
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Profitable firms provide employment and pay higher wages
The few ‘superstars’ of high productivity and profitability stand out in the large mass of firms. A one-size-fits-all economic policy is unsuitable in an environment of considerable heterogeneity in productivity and profitability.
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Job creation in firms – does Finland lack gazelles?
Among the set of new firms there are those known as ’gazelles’, firms that rapidly increase their employment. This small group of high-growth firms generates a disproportionate share of new jobs.
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Shortage of new firms jams labour market recovery
One reason behind the shortage of new jobs is the lack of new firms, which create the largest number of jobs. The frozen labour market will slow restructuring of the economy and weakens the outlook for growth.