IDEAS home Printed from https://ideas.repec.org/p/zbw/bofecr/52022.html
   My bibliography  Save this paper

Why is Finland lagging behind in export growth?

Author

Listed:
  • Oinonen, Sami
  • Virén, Matti E. E.

Abstract

This paper tries to find an answer to the question of why has Finnish exports performed so poorly during the last two decades. It also tries to assess the related question of why is the level of openness of the Finnish economy much lower than in neighboring countries and countries with similar size and structural features of the economy. The market share analysis shows that Finnish export performance has suffered from unfavorable structure of markets and commodities in particular during the last ten years. The quality of exports has also deteriorated over time so that the share of raw materials and intermediate goods has grown. This has had unfavorable implications on export prices and the terms of trade.

Suggested Citation

  • Oinonen, Sami & Virén, Matti E. E., 2022. "Why is Finland lagging behind in export growth?," BoF Economics Review 5/2022, Bank of Finland.
    • Handle: RePEc:zbw:bofecr:52022
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/261372/1/1809695368.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    export performance; export market share; gravitation model;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

    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:zbw:bofecr:52022. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/bofgvfi.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.