Discussion Papers

Continued by ETLA Reports.

From The Research Institute of the Finnish Economy
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357: Returns to R&D in Nordic Manufacturing Industries, 1964 to 1983

Synnöve Vuori

356: Exchange Rate Unions: A Comparison to Currency Basket and Floating Rate Regimes

Markku Kotilainen

355: Transition Intensities from Unemployment

Juha Kettunen

354: An Analysis of Negotiations between Finland and the Soviet Union

Veijo Kaitala, Matti Pohjola and Olli Tahvonen

353: Experiences from Growth and Transformationin the Post-war Period - The Country Study for Finland

Pentti Vartia

352: Heterogeneity in Unemployment Duration Models

Juha Kettunen

349: Bilateral Transfers and Lending in International Environmental Cooperation

Kari Alho

348: Optimal Production of Innovations Under Uncertainty

Vesa Kanniainen

346: New Developments in the Study of Economic Integration

Anthony Venables

345: Deep Waters Run Slowly. Elements of Continuity in European Integration

Robert Michael Berry

344: Transboundary Air Pollution and Soil Acidification: A Dynamic Analysis of an Acid Rain Game between Finland and the USSR

Veijo Kaitala, Matti Pohjola and Olli Tahvonen

343: The Impact of Technological Change on Rural and Regional Forestry in Finland

Jussi Raumolin

342: Identification of Barriers in International Trade under Imperfect Competition

Kari Alho

340: The EES and Trade in Manufactured Goods

Pentti Pöyhönen and Risto Sullström

339: Destroying the Market for Drugs: An Economic Analysis

Vesa Kanniainen

338: Flexible Production, Industrial Networks and Company Structure - Some Scandinavian Evidence

Pekka Ylä-Anttila and Raimo Lovio

337: The R&D Effort and Taxation of Capital Income

Kåre P. Hagen and Vesa Kanniainen

335: An Economic Analysis of Transboundary Air Pollution between Finland and the Soviet Union

Veijo Kaitala, Matti Pohjola and Olli Tahvonen

334: The Term Structure and Interest Rates in the Finnish Money Markets - The First Three Years

Risto Murto

333: The Role of Industry in the Electrification of Finland

Timo Myllyntaus

331: More on Finnish Patenting Activity

George F. Ray

330: Predicting Volatility of Stock Indexes for Option Pricing on a Small Security Market

Tom Berglund, Kaj Hedvall and Eva Liljeblom

328: Pricing Options on a Constrained Currency Index: Some Simulation Results

Tom Berglund, Staffan Ringbom and Laura Vajanne

326: Rapport du printemps 1990 - Perspectives à moyen terme pour l'économie européenne (Euroopan keskipitkän aikavälin näkymät)

Jean Malsot

325: Trading Volume and International Trading in Stocks – Their Impact on Stock Price Volatility

Tom Berglund and Eva Liljeblom

324: Forecast Pretesting and Correction

Pekka Ilmakunnas

323: Do Macroeconomic Forecasts Influence Firms' Expectations?

Pekka Ilmakunnas

322: Dividends, Growth and Management Preferences

Vesa Kanniainen

320: Intangible Investments in a Dynamic Theory of a Firm

Vesa Kanniainen

319: Earnings Versus Stock Market Returns; How Betas Computed on These Variables Differ

Tom Berglund

318: Channels and Mechanisms of Technology Transfer: Societal Aspects from a Recipients Viewpoint

Timo Myllyntaus

317: New Technologies and Structural Changes in a Small Country

Pentti Vartia

315: The Impact of Trading Volume on Stock Return Distributions: An Empirical Analysis

Tom Berglund and Eva Liljeblom

313: The Transfer and Creation of Technology in the World Economy with Special Reference to the Mining and Forest Sectors

Jussi Raumolin

312: Education in the Making of Modern Finland

Timo Myllyntaus

311: What Price Integration? Price Differentials in Europe: The Case of Finland

Thomas Wieser

310: Linking Firm Data to Macroeconomic Data: Some Theoretical and Econometric Considerations

Pekka Ilmakunnas

309: A Note on Forecast Evaluation and Correction

Pekka Ilmakunnas

308: Recent Changes in Financial Markets: The Implications for Systemic Liquidity

T.R.G. Bingham

307: Finnish High-Tech Industries and European Integration; Sectoral Study 3: The Pharmaceutical Industry

Severi Keinälä

306: Preliminary Data in Economic Databases

Jukka Lassila

304: Finnish High-Tech Industries and European Integration; Sectoral Study 2: The Data Processing Equipment Industry

Severi Keinälä

303: Perceived and Measured Risk; An Empirical Analysis

Tom Berglund

302: Research Issues in Corporate Taxation

Vesa Kanniainen

301: The Arch Model and the Capm: A Note

Vesa Kanniainen

300: Finnish High-Tech Industries and European Integration; Sectoral Study 1: The Telecommunications Equipment Industry

Severi Keinälä

298: On Economic Welfare Equality as a Policy Goal and Social Transfers as Instruments

Robert Hagfors

293: A Model of Banking Competition

Paavo Okko and Eero Kasanen

292: Deregulation of Financial Markets: A General Equilibrium Analysis of Finland

Kari Alho

291: Medium Term Prospects for the European Economies

Guja Bacchilega and Roberto Golinelli

289: The Forecasting System in ETLA

Esko Torsti

287: Tests of the Efficiency of Some Finnish Macro-economic Forecasts: An Analysis of Forecast Revisions

Pekka Ilmakunnas

286: Wage Setting in Finland

Tor Eriksson, Antti Suvanto and Pentti,

284: How to Use Preliminary Values in Forecasting the Monthly Index of Industrial Production?

Jamel Boucelham and Timo Teräsvirta

282: Labour Hoarding Over the Business Cycle: Testing the Quadratic Adjustment Cost Hypothesis

Markku Rahiala and Timo Teräsvirta

281: Structural Change of Factor Substitution in Finnish Manufacturing

Pekka Ilmakunnas and Hannu Törmä

279: Finnish Experiences in a Dual Trade Regime

Pentti Vartia and Henri J. Vartiainen

278: The Finnish Economy in the Long Cycles

George F. Ray

277: Finland's Exchange Rate Regime and European Integration

Markku Kotilainen and Tapio Peura

272: A Note on Cost of Capital Formulas

Mikael Ingberg

271: Timber Supply Incentives and Optimal Forest Taxation

Erkki Koskela

270: Factor Productivity and Technical Change in the Finnish Iron Foundry Industry, 1978-1985

Jussi Karko

269: Problems Related to the Transfer of Technology in the Mining Sector with Special Reference to Finland

Jussi Raumolin

268: Erfarenheter om styrning av investeringar i Finland

Vesa Kanniainen

267: Restructuring and Internationalization of the Forest, Mining and Related Engineering Industries in Finland

Jussi Raumolin

263: Finnish Patenting Activity

George F. Ray

262: Testing Linearity of Economic Time Series against Cyclical A symmetry

Ritva Luukkonen and Timo Teräsvirta

261: Medium-Term Prospects for the European Economies

Markku Kotilainen

260: Saving, Income Risk and Interest Rate Wedge: A Note

Erkki Koskela

259: A Review of PC-GIVE: A Statistical Package for Econometric Modelling

Timo Teräsvirta

258: The Diffusion of Technology in Finland

George F. Ray

257: Total Factor Productivity and R&D in Finnish, Swedish and Norwegian Manufacturing Industries, 1964 to 1983

Synnöve Vuori

252: Clothing Industry: Can the new Technologies Reverse the Current Trends?

Synnöve Vuori and Pekka Ylä-Anttila