IDEAS home Printed from https://ideas.repec.org/p/egu/wpaper/0509.html
   My bibliography  Save this paper

Economic policy from an evolutionary perspective: the case of Finland

Author

Listed:
  • Ron A. Boschma

    ()

  • Markku Sotarauta

    ()

Abstract

In the last decade, the Finnish economy has shown an unprecedented recovery, after being hit by a deep crisis in the early 1990s. The paper views and interprets this successful transformation process based on ICT from an evolutionary perspective. Although the rapid pace of the restructuring of the Finnish economy suggests a break with the past, this remarkable recovery was firmly rooted in its economic history. In addition, Finnish public policy played its role in turning Finland into a knowledge economy. Although a master plan for the Finnish economy was lacking, many policies worked out quite well together over an extended period. Building on education, research and technology policy initiatives taken in the 1970s and 1980s, the deep economic crisis in the early 1990s paved the way for new policy directions, with a focus on network-facilitating innovation policies.

Suggested Citation

  • Ron A. Boschma & Markku Sotarauta, 2005. "Economic policy from an evolutionary perspective: the case of Finland," Papers in Evolutionary Economic Geography (PEEG) 0509, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2005.
  • Handle: RePEc:egu:wpaper:0509
    as

    Download full text from publisher

    File URL: http://econ.geo.uu.nl/peeg/peeg0509.pdf
    File Function: Version 15 August 2005
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Ron A. Boschma & Jan G. Lambooy, 1999. "Evolutionary economics and economic geography," Journal of Evolutionary Economics, Springer, vol. 9(4), pages 411-429.
    2. Sotarauta, Markku & Srinivas, Smita, 2006. "Co-evolutionary policy processes: Understanding innovative economies and future resilience," MPRA Paper 52689, University Library of Munich, Germany.
    3. Jan G. Lambooy & Ron A. Boschma, 2001. "Evolutionary economics and regional policy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 35(1), pages 113-131.
    4. Ali-Yrkkö, Jyrki & Hermans, Raine, 2002. "Nokia in the Finnish Innovation System," Discussion Papers 811, The Research Institute of the Finnish Economy.
    5. François Moreau, 2004. "The role of the state in evolutionary economics," Cambridge Journal of Economics, Oxford University Press, vol. 28(6), pages 847-874, November.
    6. Ojainmaa, Kaisa, . "International Competitive Advantage of the Finnish Chemical Forest Industry," ETLA C, The Research Institute of the Finnish Economy, number 66, June.
    7. Ron Boschma, 2004. "Competitiveness of Regions from an Evolutionary Perspective," Regional Studies, Taylor & Francis Journals, vol. 38(9), pages 1001-1014.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:wfo:wstudy:58258 is not listed on IDEAS
    2. Matthias Kiese, 2010. "Policy Transfer and Institutional Learning: An Evolutionary Perspective on Regional Cluster Policies in Germany," Chapters,in: Emerging Clusters, chapter 13 Edward Elgar Publishing.
    3. Dirk Fornahl & Sebastian Henn & Max-Peter Menzel (ed.), 2010. "Emerging Clusters," Books, Edward Elgar Publishing, number 13533.
    4. Bernd Ebersberger, 2011. "Public funding for innovation and the exit of firms," Journal of Evolutionary Economics, Springer, vol. 21(3), pages 519-543, August.
    5. Saarivirta, Toni & Consoli, Davide, 2007. "Where Did They Go? A Study on Newly Established Universities and Graduate Mobility in Finland," MPRA Paper 11377, University Library of Munich, Germany.
    6. Alexander Ebner & Fabian Bocek, 2015. "Best Practices as to How to Support Investment in Intangible Assets," WWWforEurope Working Papers series 101, WWWforEurope.
    7. Jorge Niosi, 2010. "Building National and Regional Innovation Systems," Books, Edward Elgar Publishing, number 14006.
    8. Mark Dodgson & Jonathan Staggs, 2012. "Government policy, university strategy and the academic entrepreneur: the case of Queensland's Smart State Institutes," Cambridge Journal of Economics, Oxford University Press, vol. 36(3), pages 567-585.

    More about this item

    Keywords

    evolutionary economics; economic geography; innovation policy; Finnish economy; Finnish policy; ICT cluster;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:egu:wpaper:0509. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/deguunl.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.