The Nature of the Finnish Competitiveness Problem

Mika Maliranta and Vesa Vihriälä

No 9, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: Abstract We assess Finland’s competitiveness in the light of various, mainly short-term indicators. It turns out that the weak export market performance over the last few years is linked to the deterioration of profitability of production in Finland. A better export and employment performance requires a decline of relative unit labour costs and an improvement of business profitability. Wage moderation is necessary for this to happen. On the other hand, the determinants of Finland’s long-term competitiveness are quite good and maintaining and developing them should remain a key element of economic policy also in the future.

Keywords: Competitiveness; Profitability; Productivity; Export performance; Employment (search for similar items in EconPapers)
JEL-codes: E25 E64 F40 J31 O47 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2013-04-11
New Economics Papers: this item is included in nep-cse and nep-eec
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Citations: View citations in EconPapers (1)

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