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The Role of the Largest Companies in the Finnish Economy

Author

Listed:
  • Ali-Yrkkö, Jyrki
  • Ylhäinen, Ilkka
  • Pajarinen, Mika
  • Kuusi, Tero

Abstract

In this study, we have analysed the role of the largest companies in the Finnish economy. According to the results, the list of ten largest companies in terms of their domestic value added is diverse and includes companies operating in the manufacturing industry, the service industry, as well as the financial industry. In 2019, these top 10 companies together produced 5.7% of the Finnish gross domestic product (GDP). In terms of domestic employment, the significance of this group remains lower, accounting for 3.7% of the employment of the business sector. Although both the share of GDP and employment have declined, the role of these top 10 companies in the Finnish economy remains significant.

Suggested Citation

  • Ali-Yrkkö, Jyrki & Ylhäinen, Ilkka & Pajarinen, Mika & Kuusi, Tero, 2021. "The Role of the Largest Companies in the Finnish Economy," ETLA Reports 109, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:report:109
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    More about this item

    Keywords

    Large; Largest; Companies; Firms; GDP; Gross domestic product; Concentration; Group; Granular;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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