How have the economic indicators in Finland changed over time?
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The economic indicators in Finland have undergone significant changes over time. The country has experienced a structural shift from a coordinated market economy to a liberal market economy, accompanied by de-industrialization and increased government expenditure . In the mid-1990s, Finland faced a severe recession, but it managed to overcome it by focusing on technology and innovation as drivers of economic growth . This shift towards a knowledge-based economy has led to Finland becoming the most ICT-specialized economy in the world, with high rankings in competitiveness and educational attainment . However, there are concerns about the regional dispersion of economic indicators in Finland. While GDP per capita, productivity, and employment rate have converged, the compensation of employees has diverged, which could lead to regional disparities and stagnation in peripheral areas . Overall, Finland's economy has transformed significantly, with a strong emphasis on technology, innovation, and knowledge-based industries.
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44 Citations | The paper investigates leading indicators of systemic banking crises in Finland and other EU countries using quarterly data from 1980 to 2013. |
Open access•Journal Article 110 Citations | In the early 1990s, Finland experienced a severe economic recession with high unemployment rates and a decrease in GDP. However, in one decade, it became the most ICT-specialized economy in the world. |
Open access 01 Jan 2008 2 Citations | The economic indicators in Finland have changed from a coordinated market economy to a liberal market economy, leading to de-industrialization and increased government expenditure. |
2 Citations | The paper does not provide specific information about the changes in economic indicators in Finland over time. |
| The GDP per capita, labour productivity, and employment rate in Finland have converged, but the compensation of employees has diverged. |
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