Labor productivity and reallocation in Finland 2000-2018

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dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorFornaro, Paoloen_US
dc.contributor.authorKuosmanen, Nataliaen_US
dc.contributor.authorKuosmanen, Timoen_US
dc.contributor.authorMaczulskij, Terhien_US
dc.contributor.departmentResearch Institute of the Finnish Economy (ETLA)en_US
dc.contributor.departmentDepartment of Information and Service Managementen_US
dc.date.accessioned2023-02-28T15:35:09Z
dc.date.available2023-02-28T15:35:09Z
dc.date.issued2021-12-08en_US
dc.description.abstractLabor productivity of the Finnish economy has stuck close to the level of year 2007 for over a decade. Positive productivity development still occurs in many establishments and firms in various industries. This report examines the impacts of resource allocation and structural changes on the labor productivity growth in Finland’s manufacturing and service sectors, information and communication technology industry, and the entire business sector during the period 2000-2018. The purpose of this study is to present an empirical comparison of structural change productivity decompositions known in the literature, and based on the results, draw conclusions regarding the productivity impacts of resource allocation and structural changes. We find that different decomposition methods yield to some extent different empirical results. All methods considered suggest that positive productivity growth mainly occurs in the continuing firms. Most decompositions suggest that the impact of structural change has been generally negative. The role of resource allocation between firms is particularly notable during the recession, however, the allocation has improved to some extent during the last years of the study period. Inefficient allocation of resources between industries contributes to the productivity slowdown of Finland’s business sector.en
dc.format.extent41
dc.format.mimetypeapplication/pdfen_US
dc.identifier.citationFornaro , P , Kuosmanen , N , Kuosmanen , T & Maczulskij , T 2021 , Labor productivity and reallocation in Finland 2000-2018 . Valtioneuvoston selvitys- ja tutkimustoiminnan julkaisusarja , no. 73 , vol. 2021 , Valtioneuvoston kanslia . < https://urn.fi/URN:ISBN:978-952-383-401-9 >en
dc.identifier.isbn978-952-383-401-9
dc.identifier.issn2342-6799
dc.identifier.otherPURE UUID: 2015ccb9-5adf-477f-86c6-6cfa4447fe65en_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/2015ccb9-5adf-477f-86c6-6cfa4447fe65en_US
dc.identifier.otherPURE LINK: https://urn.fi/URN:ISBN:978-952-383-401-9en_US
dc.identifier.otherPURE FILEURL: https://research.aalto.fi/files/101841758/VNTEAS_2021_73.pdfen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/119865
dc.identifier.urnURN:NBN:fi:aalto-202302282203
dc.language.isoenen
dc.relation.ispartofseriesValtioneuvoston selvitys- ja tutkimustoiminnan julkaisusarjaen
dc.relation.ispartofseriesVolume 2021, issue 73en
dc.rightsopenAccessen
dc.subject.keywordLabor productivityen_US
dc.subject.keywordstructural changeen_US
dc.subject.keywordEconomic growthen_US
dc.titleLabor productivity and reallocation in Finland 2000-2018en
dc.typeCommissioned reportfi
dc.type.versionpublishedVersion
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