The Finnish Generational Accounting Revisited

Reijo Vanne

Nordic Journal of Political Economy, 2002, vol. 28, 13-25

Abstract: One of the special features of the Finnish economy has turned out to be a high real growth rate and employment volatility. Another special feature is that a large share of public wealth is invested in domestic and foreign financial markets. The consequences of these features for generational accounting are shown and discussed. The intergenerational balance has improved remarkably according to generational accounting results of the year 2000 compared to the results of the year 1995. The improvement is due to favourable macroeconomic development as well as ambitious fiscal policy. However, part of the improvement is based on the soared market values of assets and firm profits, and the paper raises the question how to handle this kind of variables in generational accounting.

JEL-codes: E6 H6 H82 J1 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.nopecjournal.org/NOPEC_2002_a02.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:noj:journl:v:28:y:2002:p:13-25

Access Statistics for this article

More articles in Nordic Journal of Political Economy from Nordic Journal of Political Economy
Bibliographic data for series maintained by Halvor Mehlum ().