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Impacts of the Largest Export Guaranteed Operations in Finland

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  • Ali-Yrkkö, Jyrki
  • Kuusi, Tero

Abstract

This study focuses on the impacts of the largest export guaranteed operations on employment and value added including effects through companies’ value chains. The results suggest that the activities of Meyer and Nokia related to export guarantees create value added accounting for 0.29% (Meyer) and 0.27% (Nokia) of the Finnish GDP. Corresponding employment effects are 0.32 % (Meyer) and 0.12 % (Nokia) of the Finnish total employment. These effects cannot be interpreted in such a way that without export guarantees the Finnish GDP and employment would decline correspondingly. Our other results suggest that export guaranteed operations slightly crowd out other activities, but the net effect remains positive. The results also show that the suppliers of Meyer and Nokia are more productive than companies belonging to the control group.

Suggested Citation

  • Ali-Yrkkö, Jyrki & Kuusi, Tero, 2018. "Impacts of the Largest Export Guaranteed Operations in Finland," ETLA Brief 72, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:briefs:72
    as

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    File URL: https://www.etla.fi/wp-content/uploads/ETLA-Muistio-Brief-72.pdf
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    References listed on IDEAS

    as
    1. Congressional Budget Office, 2014. "Fair-Value Estimates of the Cost of Selected Federal Credit Programs for 2015 to 2024," Reports 45383, Congressional Budget Office.
    2. Congressional Budget Office, 2014. "Fair-Value Estimates of the Cost of Selected Federal Credit Programs for 2015 to 2024," Reports 45383, Congressional Budget Office.
    3. Ali-Yrkkö, Jyrki & Kalm, Matias & Pajarinen, Mika & Rouvinen, Petri & Seppälä, Timo & Tahvanainen, Antti-Jussi, 2013. "Microsoft Acquires Nokia: Implications for the Two Companies and Finland," ETLA Brief 16, The Research Institute of the Finnish Economy.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Export credit agency; ECA; Guarantee; Exports; Finnvera; Value added; Employment; Impact; Value chain;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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